He married the widow of John Heinz in 1995.

That has to be a joke. Right?

Uncle Warren is going to be pissed.

Heinz Organic.

They had the highest dividend payout ratio out of all the consumer staples equities.  It is my understanding they are choosing to reduce dividends to pay down existing debt, not because they don’t have earnings to support it.

I will be watching it closely next week.  I think it will fall a little more yet.

Can anyone post up their current (new) PE, Div and Valuation numbers?

PITTSBURGH SUCKS

Uh... no?

Bob Kraft and the private Kraft Group has jack and squat do with the KraftHeinz, the publicly traded food products company.

Yup, switched years ago whe they were supporting something I didn’t like, same with kellogs

Catsup.  Catsup.

P/E was 9 point something when I looked after close Friday. No idea what the current dividend rate is.

Does this mean my 401k is going to lose a bunch of value on monday?

Im in index funds but once one thing goes down the rest likes to follow.

No joke.
Robert Kraft is the packaging magnate.
They make cardboard boxes and the like.

Sounds like they're going to spin off Maxwell House coffee.  
https://www.cnbc.com/2019/02/24/kraft-heinz-reviews-options-for-maxwell-house-coffee-including-sale.html

This has nothing to do with John Kerry or Bob Kraft or anyone else, other then Warren Buffet and 3G.

They did exactly what everyone expected them to do... cut and slash... and this is the result. My company has been a supplier for Kraft/Oscar Mayer for years...

We watched it when they shut down a bunch of Kraft/OM plants, and reconsolidated. and every one who had a clue on how those companies and there product was made... were let go, early retirement, or bailed... and that left a bunch of 20 something no nothings with a degree to come in and execute the new owners playbook... and the fun began....

and this is the result.. plants ran poorly... squeezing every penny where ever they good, including suppliers... and this is what you get..

Wow, who would have thought the topic of ketchup could bring out so many GD tards.

Listen, I'm not saying it's right or anything...

but have you ever tried jacking off with six super bowl rings?

I get it.....

Skull n Bones
John Heinz & John Kerry

I'm trying to use you guys as a contrarian indicator but I have no idea wtf you're saying.

Not if you get Simply Heinz.

When should I buy some stock?

Seems like a good time for a long straddle option.

The stupidity in this thread is disheartening.

He'll have to find another rich old widow's fortune to spend

No, they short it on the way down.

I don't even like ketchup but that is heresy and tantamount to treason.

Deutsche Bank -

PE
2019 - 17.2x
2020 - 16.4x

DPS
2019 - $1.60
2020 - $1.68
2021 - $1.76

Price target - $40 (down from $52)

Sig Line Applies

But he does with Gillette

why?

Heinz is still the best catsup Imo

Del Monte for the win!

Public education, it's the opiate of the masses...

This is GD.  It doesn't matter.  

Long term, Kraft-Heinz will do well.  It's the only company that can make Soylent Green in sufficient quantities.

Brother has worked at a Kraft cheese plant for 15 years....  The current crop of managers are totally incompetent.  For the last several years (since current management took over) the only management "style" has been the corporate ass-kisser "yes man" type...

A new policy/decision/etc will come down from on high.  Everyone involved in the day to day operations will look at the decision or policy and think "wow, this absolutely postively will not work".  Frontline and middle management also knows it 100% will not work.  But management will simply nod its collective head and forge ahead anyways.  The results are universally a massive cluster fuck.  Why won't management say otherwise?  Any answer but "yes sir" results in a "Clean out your desk and leave while security accompanies you to the door" reply from uppers....

Example?:  when cutting really large blocks of cheese into those little 8 oz packages, there are commonly small off-cuts, chucks and bits and pieces that simply don't process for the chunks.  These used to get tossed in a barrel, and later processed into Kraft Dinner cheese powder.  Maybe a "loss" of 2 or 3% of the big block.  Now?  Some genius upper decided "lets take all these off cuts, squeeze them into another new big block and reprocess it into chunks again".  Sounds good.  Only the entire thing is a failure. The reprocessed blocks simply don't hold together.  And they don't cut well.  And instead of a loss of 2-3%, off cuts have now skyrocketed to 15-20%.  And line productivity has plummeted.  "Saving" those 2-3% off cuts has increased waste by a factor of ten, and had huge increases in line downtime.  Its a total failure.  And the Kraft cheese plant is into the third year of these 'cost savings", spending fifty dollar bills to save nickels....

It no wonder Kraft is so in the dump....

There’s no dye in any version. That just swaps real sugar in for the corn syrup.