Kraft is suing the CFTC to keep the lid on a $16 million fine in market manipulation case [CNBC]
The Kraft Heinz Company (KHC)
Last the kraft heinz company earnings: 4/30 07:05 am
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Source: CNBC
Kraft is suing the CFTC to keep the lid on a $16 million fine in market manipulation case Kraft Mondelez The two food companies agreed to pay the fine as part of a deal with the CFTC "The CFTC and its Commissioners engaged in a deliberate, orchestrated effort to violate the Court's Consent Order within minutes of its entry," the companies said in the filing. The two sides face off in court Sept. 12, according to court documents. According to the CFTC, Kraft intentionally drove down the price of wheat in 2011 by buying an excessive amount of futures contracts on the grain. Food companies have made such moves to hedge fluctuations in commodities prices by agreeing to pay a specific price at a specific date in the future. Unlike a hedge fund or trading firm, companies like Kraft are limited in their futures purchases and are prohibited from speculating. Kraft was allowed to have a futures position of roughly 3 million bushels of wheat, the CFTC said in the original complaint. Instead, Kr
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KHC
News
- The Kraft Heinz Company (NASDAQ: KHC) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $42.00 to $43.00. They now have a "buy" rating on the stock.MarketBeat
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- Global Cheese Market Expected to Surge to US$ 143.5 Billion by 2032 Amidst Technological Advancements and Evolving Consumer Preferences [Yahoo! Finance]Yahoo! Finance
- Southern Glazer's Wine & Spirits Promotes Drew Vermilion to Senior Vice President, Supply Chain Strategy & Chief of Staff [Yahoo! Finance]Yahoo! Finance
- Kraft Heinz (KHC) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
KHC
Earnings
- 2/14/24 - Beat
KHC
Sec Filings
- 4/18/24 - Form 8-K
- 3/22/24 - Form PX14A6G
- 3/22/24 - Form ARS
- KHC's page on the SEC website