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Stock impact report

Kraft Heinz's new CEO to oversee corporate split, possible asset sales [BNN Bloomberg (Canada)]

The Kraft Heinz Company (KHC) 
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
Company Research Source: BNN Bloomberg
breakups - signals the ketchup maker may be positioning itself for major asset sales as it pushes ahead with its own split, according to bankers, analysts and a former executive. Kraft Heinz announced the CEO change while in the midst of separating its more than 200 brands into two companies. Shares of the Jell-O maker, among the worst performers in packaged food, are down 19 per cent this year, versus a rise of almost three per cent in the broader S&P 500 Consumer Staples index. Former Kellogg CEO Cahillane, appointed to run Kraft Heinz on Tuesday, oversaw the separation of the Corn Flakes and Pringles maker about two years ago, which later saw privately-held Mars scooping up the faster-growing snacks division, Kellanova, at a 33 per cent premium. With Cahillane on board, Kraft Heinz may be hoping to woo a suitor for its sauces and condiments business, which is expected to have higher margins than its grocery division, according to analysts. “It's clear they're signaling to t Show less Read more
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