NasdaqGS:KHCFood
Kraft Heinz Resets Growth Plans With Investment Push Over Breakup
Kraft Heinz (NasdaqGS:KHC) has halted its planned company separation.
The company is launching a $600 million investment program focused on marketing, product development, and operations.
New CEO Steve Cahillane is steering this shift as part of an effort to focus on internal growth.
Kraft Heinz enters this reset with a mixed recent record for shareholders. The share price is $24.99, with the stock up 6.8% over the past 30 days and 2.1% over the past week, but showing a 7.5% decline over 1...