Kraft Heinz
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. The last earnings update was 88 days ago. More info.
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- Kraft Heinz has significant price volatility in the past 3 months.
KHC Share Price and Events
7 Day Returns
1 Year Returns
KHC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Kraft Heinz (KHC) | 1.8% | -1.3% | -31.9% | -42.4% | -60.7% | - |
| US Food | 1% | 1.9% | 3.5% | 2.9% | -9.7% | 22.4% |
| US Market | -0.7% | -2% | 2.4% | 3% | 39.2% | 42% |
1 Year Return vs Industry and Market
- KHC underperformed the Food industry which returned 2.9% over the past year.
- KHC underperformed the Market in United States of America which returned 3% over the past year.
Value
Is Kraft Heinz undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Kraft Heinz
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Kraft Heinz.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 18 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Food Unlevered Beta | Simply Wall St/ S&P Global | 0.54 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.539 (1 + (1- 21%) (78.87%)) |
0.916 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.92 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.916 * 5.96%) |
8.19% |
Discounted Cash Flow Calculation for NasdaqGS:KHC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Kraft Heinz is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.19%) |
|
|---|---|---|---|
| 2019 | 3,867.21 | Analyst x5 | 3,574.47 |
| 2020 | 3,634.52 | Analyst x5 | 3,105.09 |
| 2021 | 3,579.35 | Analyst x3 | 2,826.48 |
| 2022 | 3,570.32 | Est @ -0.25% | 2,605.92 |
| 2023 | 3,593.25 | Est @ 0.64% | 2,424.13 |
| 2024 | 3,638.84 | Est @ 1.27% | 2,269.05 |
| 2025 | 3,700.95 | Est @ 1.71% | 2,133.09 |
| 2026 | 3,775.49 | Est @ 2.01% | 2,011.32 |
| 2027 | 3,859.63 | Est @ 2.23% | 1,900.50 |
| 2028 | 3,951.46 | Est @ 2.38% | 1,798.43 |
| Present value of next 10 years cash flows | $24,648.47 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $3,951.46 × (1 + 2.73%) ÷ (8.19% – 2.73%) |
$74,349.06 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $74,349.06 ÷ (1 + 8.19%)10 |
$33,838.50 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $24,648.47 + $33,838.50 |
$58,486.97 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $58,486.97 / 1,219.43 |
$47.96 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $47.96 |
| Current discount | Discount to share price of
$32.53
= -1 x ($32.53 - $47.96) / $47.96 |
32.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Kraft Heinz's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Kraft Heinz's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Kraft Heinz's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Kraft Heinz's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-29) in USD | $-8.39 |
| NasdaqGS:KHC Share Price ** | NasdaqGS (2019-05-17) in USD | $32.53 |
| United States of America Food Industry PE Ratio | Median Figure of 42 Publicly-Listed Food Companies | 23.49x |
| United States of America Market PE Ratio | Median Figure of 3,088 Publicly-Listed Companies | 17.89x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Kraft Heinz.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:KHC Share Price ÷ EPS (both in USD) = 32.53 ÷ -8.39 |
-3.88x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kraft Heinz is loss making, we can't compare its value to the US Food industry average.
- Kraft Heinz is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Kraft Heinz's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -3.88x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts |
75.6%per year |
| United States of America Food Industry PEG Ratio | Median Figure of 30 Publicly-Listed Food Companies | 1.62x |
| United States of America Market PEG Ratio | Median Figure of 2,117 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Kraft Heinz, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Kraft Heinz's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-29) in USD | $42.45 |
| NasdaqGS:KHC Share Price * | NasdaqGS (2019-05-17) in USD | $32.53 |
| United States of America Food Industry PB Ratio | Median Figure of 71 Publicly-Listed Food Companies | 1.91x |
| United States of America Market PB Ratio | Median Figure of 5,195 Publicly-Listed Companies | 1.83x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:KHC Share Price ÷ Book Value per Share (both in USD) = 32.53 ÷ 42.45 |
0.77x |
* Primary Listing of Kraft Heinz.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kraft Heinz is good value based on assets compared to the US Food industry average.
Value checks
We assess Kraft Heinz's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Food industry average (and greater than 0)? (1 check) Kraft Heinz has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Kraft Heinz expected to perform in the next 1 to 3 years based on estimates from 18 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Kraft Heinz's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Kraft Heinz's earnings growth is expected to exceed the United States of America market average.
- Kraft Heinz's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:KHC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts | 75.6% |
| NasdaqGS:KHC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts | 0.6% |
| United States of America Food Industry Earnings Growth Rate | Market Cap Weighted Average | 19.4% |
| United States of America Food Industry Revenue Growth Rate | Market Cap Weighted Average | 2.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 28,228 | 1 | ||
| 2022-12-31 | 27,811 | 1 | ||
| 2021-12-31 | 26,379 | 4,556 | 3,632 | 8 |
| 2020-12-31 | 26,095 | 4,493 | 3,475 | 17 |
| 2019-12-31 | 25,841 | 4,908 | 3,299 | 18 |
| 2018-12-31 | 26,299 | 3,792 | 3,537 | 19 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-29 | 26,259 | -10,229 | |
| 2018-09-29 | 26,359 | 1,410 | 10,382 |
| 2018-06-30 | 26,261 | 934 | 10,696 |
| 2018-03-31 | 26,212 | 1,555 | 11,099 |
| 2017-12-30 | 26,232 | 527 | 10,999 |
| 2017-09-30 | 26,098 | 1,649 | 3,940 |
| 2017-07-01 | 26,085 | 1,572 | 3,838 |
| 2017-04-01 | 26,241 | 2,190 | 3,449 |
| 2016-12-31 | 26,487 | 2,649 | 3,452 |
| 2016-10-02 | 26,754 | 2,737 | 2,793 |
| 2016-07-03 | 26,607 | 2,955 | 1,648 |
| 2016-04-03 | 22,430 | 2,394 | 534 |
| 2016-01-03 | 18,338 | 1,272 | -266 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
All data from Kraft Heinz Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 3.10 | 3.14 | 3.07 | 3.00 |
| 2020-12-31 | 2.94 | 3.00 | 2.86 | 5.00 |
| 2019-12-31 | 2.77 | 2.86 | 2.63 | 6.00 |
| 2018-12-31 | 2.91 | 2.96 | 2.82 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-29 | -8.39 |
| 2018-09-29 | 8.52 |
| 2018-06-30 | 8.78 |
| 2018-03-31 | 9.11 |
| 2017-12-30 | 9.03 |
| 2017-09-30 | 3.23 |
| 2017-07-01 | 3.15 |
| 2017-04-01 | 2.83 |
| 2016-12-31 | 2.84 |
| 2016-10-02 | 2.28 |
| 2016-07-03 | 1.37 |
| 2016-04-03 | 0.54 |
| 2016-01-03 | -0.34 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Kraft Heinz's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Kraft Heinz has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Kraft Heinz performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Kraft Heinz does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- Unable to compare Kraft Heinz's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Kraft Heinz's 1-year growth to the US Food industry average as it is not currently profitable.
Earnings and Revenue History
All data from Kraft Heinz Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-29 | 26,259.00 | -10,229.00 | 3,068.00 | |
| 2018-09-29 | 26,359.00 | 10,382.00 | 3,083.00 | 93.00 |
| 2018-06-30 | 26,261.00 | 10,696.00 | 2,767.00 | 93.00 |
| 2018-03-31 | 26,212.00 | 11,099.00 | 2,678.00 | 93.00 |
| 2017-12-30 | 26,232.00 | 10,999.00 | 2,655.00 | 93.00 |
| 2017-09-30 | 26,098.00 | 3,940.00 | 2,208.00 | 120.00 |
| 2017-07-01 | 26,085.00 | 3,838.00 | 2,796.00 | 120.00 |
| 2017-04-01 | 26,241.00 | 3,449.00 | 2,936.00 | 120.00 |
| 2016-12-31 | 26,487.00 | 3,452.00 | 2,995.00 | 120.00 |
| 2016-10-02 | 26,754.00 | 2,793.00 | 2,901.00 | |
| 2016-07-03 | 26,607.00 | 1,648.00 | 3,087.00 | |
| 2016-04-03 | 22,430.00 | 534.00 | 2,699.00 | |
| 2016-01-03 | 18,338.00 | -266.00 | 2,152.00 | 105.00 |
| 2015-09-27 | 14,013.00 | -568.00 | 1,982.00 | |
| 2015-06-28 | 10,487.00 | -273.00 | 1,111.00 | |
| 2015-03-29 | 10,600.00 | 18.00 | 1,190.00 | |
| 2014-12-28 | 10,922.00 | -63.00 | 1,212.00 | |
| 2014-09-28 | 10,798.80 | -1,713.16 | 1,542.22 | |
| 2014-06-29 | 10,851.38 | -1,712.02 | 2,032.38 | |
| 2014-03-30 | 10,973.26 | -1,695.68 | 2,136.62 | |
| 2013-12-29 | 11,029.50 | -1,675.50 | 2,101.50 | |
| 2013-04-28 | 11,529.00 | 1,088.00 | 1,908.00 | |
| 2013-01-27 | 11,691.49 | 1,044.54 | 2,509.20 | |
| 2012-10-28 | 11,633.09 | 1,023.45 | 2,478.25 | |
| 2012-07-29 | 11,607.71 | 974.20 | 2,451.55 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Kraft Heinz has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Kraft Heinz has efficiently used its assets last year compared to the US Food industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Kraft Heinz improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Kraft Heinz's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Kraft Heinz has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Kraft Heinz's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Kraft Heinz's finances.
The net worth of a company is the difference between its assets and liabilities.
- Kraft Heinz is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Kraft Heinz's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Kraft Heinz Company Filings, last reported 4 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-29 | 51,906.00 | 31,285.00 | 1,130.00 |
| 2018-09-29 | 65,578.00 | 32,376.00 | 1,366.00 |
| 2018-06-30 | 65,872.00 | 34,168.00 | 3,369.00 |
| 2018-03-31 | 66,463.00 | 32,304.00 | 1,794.00 |
| 2017-12-30 | 66,247.00 | 31,536.00 | 1,629.00 |
| 2017-09-30 | 58,971.00 | 31,509.00 | 1,441.00 |
| 2017-07-01 | 58,546.00 | 31,088.00 | 1,445.00 |
| 2017-04-01 | 57,944.00 | 32,680.00 | 3,242.00 |
| 2016-12-31 | 57,574.00 | 32,404.00 | 4,204.00 |
| 2016-10-02 | 57,868.00 | 32,680.00 | 3,920.00 |
| 2016-07-03 | 58,047.00 | 32,753.00 | 4,237.00 |
| 2016-04-03 | 66,600.00 | 25,167.00 | 4,199.00 |
| 2016-01-03 | 66,236.00 | 25,234.00 | 4,837.00 |
| 2015-09-27 | 67,359.00 | 25,324.00 | 4,437.00 |
| 2015-06-28 | 15,301.00 | 13,650.00 | 2,147.00 |
| 2015-03-29 | 15,362.00 | 13,729.00 | 1,899.00 |
| 2014-12-28 | 15,685.00 | 13,369.00 | 2,298.00 |
| 2014-09-28 | 16,016.58 | 14,639.87 | 2,854.11 |
| 2014-06-29 | 16,464.28 | 14,679.11 | 2,804.92 |
| 2014-03-30 | 16,500.50 | 14,831.37 | 2,515.23 |
| 2013-12-29 | 16,542.00 | 14,870.00 | 2,459.00 |
| 2013-04-28 | 2,880.00 | 6,082.00 | 2,481.00 |
| 2013-01-27 | 3,109.82 | 5,031.51 | 1,105.84 |
| 2012-10-28 | 2,942.08 | 5,043.54 | 1,013.26 |
| 2012-07-29 | 2,663.31 | 5,036.52 | 985.39 |
- Kraft Heinz's level of debt (60.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (89.9% vs 60.3% today).
- Debt is not well covered by operating cash flow (4.5%, less than 20% of total debt).
- Kraft Heinz is making a loss, therefore interest payments are not well covered by earnings.
Financial health checks
We assess Kraft Heinz's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Kraft Heinz has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Kraft Heinz's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Kraft Heinz
shares you are expected to receive
$98
in your first year as a dividend.
Dividend Amount
- Kraft Heinz's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- Kraft Heinz's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| United States of America Food Industry Average Dividend Yield | Market Cap Weighted Average of 31 Stocks | 2.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2000 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 1.69 | 7.00 |
| 2020-12-31 | 1.63 | 11.00 |
| 2019-12-31 | 1.60 | 11.00 |
| 2018-12-31 | 2.52 | 15.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-21 | 1.600 | 4.870 |
| 2018-11-01 | 2.500 | 5.201 |
| 2018-08-03 | 2.500 | 4.354 |
| 2018-05-02 | 2.500 | 4.158 |
| 2018-02-16 | 2.500 | 3.993 |
| 2017-11-01 | 2.500 | 3.206 |
| 2017-08-03 | 2.500 | 3.102 |
| 2017-05-03 | 2.400 | 2.708 |
| 2017-02-15 | 2.400 | 2.623 |
| 2016-08-04 | 2.400 | 2.754 |
| 2016-05-04 | 2.300 | 2.685 |
| 2016-02-25 | 2.300 | 2.958 |
| 2015-11-05 | 2.300 | 3.158 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kraft Heinz has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Kraft Heinz has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Income/ dividend checks
We assess Kraft Heinz's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Kraft Heinz afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Kraft Heinz has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $4,194,179 |
| AGE | 48 |
| TENURE AS CEO | 3.8 years |
CEO Bio
Mr. Bernardo Vieira Hees has been the Chief Executive Officer of The Kraft Heinz Company since July 2, 2015. Mr. Hees has been a Partner of 3G Capital, Inc. since July 2010. He served as the Chief Executive Officer of H. J. Heinz Company since June 7, 2013 and served as its Chairman and President. He served as the Chief Executive Officer of H. J. Heinz Corporation II since June 10, 2013. He served as the Chief Executive Officer of Burger King Corporation since October 2010 until June 2013. He has professional experience in the oil segment and financial markets. He served as Chief Executive Officer of Restaurant Brands International Inc. from September 10, 2010 to June 7, 2013 and its Vice Chairman from June 7, 2013 to December 12, 2014. He served as the Chief Executive Officer of Burger King Holdings, Inc. He served as the Chief Executive Officer of Burger King Worldwide, Inc. and Burger King Worldwide Holdings, Inc. from September 10, 2010 to June 7, 2013. He served as the Chief Executive Officer of All America Latina Logistica S.A. (formerly, America Latina Logistica Do Brasil S.A) from January 2005 to September 2010 and served as its Chief Operating Officer since November 2003, Chief Financial Officer since July 2000 and Vice President of Marketing since January 2002. Mr. Hees served as a Member of Executive Board at All America Latina Logistica S.A. and served as its Director since July 2002. He served as a Director of ALL - America Latina Logistica Do Brasil S.A. since July 2002. He joined ALL at the end of 1998 as a Logistics Analyst, subsequently holding various positions: Operational Planning Manager, Chief Financial Officer and Commercial Officer and in 2004, held the position of Director- Superintendent. Prior to joining ALL, he worked at Banco Marka from 1995 to 1996. Mr. Hees held various positions at Banco Nacional, Shell Brazil and BNDES - Banco Nacional de Desenvolvimento Econômico e Social. He served as Vice Chairman of Burger King Holdings, Inc. He served as Vice Chairman of Burger King Worldwide, Inc. since June 7, 2013 and as its Director from November 2010 to December 12, 2014. He has been a Director of Burger King Holdings, Inc. since November 2010. He served as a Director of Restaurant Brands International Inc. from November 2010 to December 12, 2014 and Burger King Corporation from October 2010 to June 2013. In 2005, Mr. Hees concluded an OPM - Owner/President Management course at Harvard Business School. He holds a B.A. in Economics from the Pontificia Universidade Católica (Rio de Janeiro), and an M.B.A. from the University of Warwick, in England.
CEO Compensation
- Bernardo's compensation has been consistent with company performance over the past year.
- Bernardo's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Kraft Heinz management team in years:
- The average tenure for the Kraft Heinz management team is less than 2 years, this suggests a new team.
Management Team
Bernardo Hees
Chief Executive Officer
$4M
48
3.8 yrs
David Knopf
Executive VP & CFO
$3M
30
1.6 yrs
Carlos Leone Piani
Head of Strategic Initiatives and Mergers & Acquisitions
$4M
43
0.3 yrs
Paulo Luiz Basilio
President of U.S. Commercial Business
$2M
43
1.6 yrs
Pedro Drevon
Zone President of Latin America
$4M
35
Joao Araujo
Head of U.S. Operations
45
0.3 yrs
Vince Garlati
Principal Accounting Officer & Global Controller
42
0.9 yrs
Chris Jakubik
Head of Global Investor Relations
Rashida La Lande
Senior VP
44
1.3 yrs
Peter Hall
Vice President of Sales
Board of Directors Tenure
Average tenure and age of the Kraft Heinz board of directors in years:
- The tenure for the Kraft Heinz board of directors is about average.
Board of Directors
Alexandre Behring
Chairman
$395K
51
5.9 yrs
John Cahill
Vice Chairman
$255K
61
3.8 yrs
Jack Pope
Independent Director
$255K
69
3.8 yrs
Greg Abel
Independent Director
$235K
56
5.9 yrs
Tracy Cool
Independent Director
$235K
33
5.9 yrs
Jorge Paulo Alberto Lemann
Director
$235K
79
Marcel Telles
Director
$235K
68
5.9 yrs
Feroz Dewan
Director
$235K
42
Jeanne Jackson
Independent Director
$235K
66
3.8 yrs
George Zoghbi
Director
51
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 07. Aug 18 | Sell | 3G Capital, Inc. | Company | 07. Aug 18 | 07. Aug 18 | -20,630,314 | $59.85 | $-1,234,724,293 | ||
Management checks
We assess Kraft Heinz's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Kraft Heinz has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Imagine Owning Kraft Heinz And Wondering If The 35% Share Price Slide Is Justified
We regret to report that long term The Kraft Heinz Company (NASDAQ:KHC) shareholders have had that experience, with the share price dropping 35% in three years, versus a market return of about 55%. … To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
Simply Wall St - – Full articleAt US$47.46, Is The Kraft Heinz Company (NASDAQ:KHC) Worth Looking At Closely?
The company's stock. … saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price
Simply Wall St - – Full articleIs The Kraft Heinz Company (NASDAQ:KHC) A Great Dividend Stock?
In the last few years The Kraft Heinz Company (NASDAQ:KHC) has paid a dividend to shareholders. … Let's dig deeper into whether Kraft Heinz should have a place in your portfolio. … See our latest analysis for Kraft Heinz
Simply Wall St - – Full articleWhy The Kraft Heinz Company's (NASDAQ:KHC) CEO Pay Matters To You
Bernardo Hees has been the CEO of The Kraft Heinz Company (NASDAQ:KHC) since 2015. … First, this article will compare CEO compensation with compensation at other large companies. … How Does Bernardo Hees's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleThese Fundamentals Make The Kraft Heinz Company (NASDAQ:KHC) Truly Worth Looking At
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of The Kraft Heinz Company (NASDAQ:KHC), it
Simply Wall St - – Full articleWhy The Kraft Heinz Company’s (NASDAQ:KHC) Return On Capital Employed Might Be A Concern
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleAn Intrinsic Calculation For The Kraft Heinz Company (NASDAQ:KHC) Shows It's 45.27% Undervalued
Does the December share price for The Kraft Heinz Company (NASDAQ:KHC) reflect it's really worth? … by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF).
Simply Wall St - – Full articleCould The The Kraft Heinz Company (NASDAQ:KHC) Ownership Structure Tell Us Something Useful?
Every investor in The Kraft Heinz Company (NASDAQ:KHC) should be aware of the most powerful shareholder groups. … Generally speaking, as a company grows, institutions will increase their ownership. … Kraft Heinz is a pretty big company.
Simply Wall St - – Full articleShould The Kraft Heinz Company (NASDAQ:KHC) Be Part Of Your Dividend Portfolio?
The Kraft Heinz Company (NASDAQ:KHC) has recently paid dividends to shareholders, and currently yields 4.6%. … Does Kraft Heinz tick all the boxes of a great dividend stock? … Check out our latest analysis for Kraft Heinz
Simply Wall St - – Full articleWhy The Kraft Heinz Company's (NASDAQ:KHC) CEO Pay Matters To You
First, this article will compare CEO compensation with compensation at other large companies. … How Does Bernardo Hees's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that The Kraft Heinz Company has a market cap of US$66.1b, and is paying total annual CEO compensation of US$4m.
Simply Wall St - – Full articleCompany Info
Description
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P’Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names. It sells its products through its own sales organizations, as well as through independent brokers, agents, and distributors to convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, foodservice distributors and institutions, including hotels, restaurants, hospitals, health care facilities, and certain government agencies, as well as to chain, wholesale, cooperative, and independent grocery accounts. The company was formerly known as H.J. Heinz Holding Corporation and changed its name to The Kraft Heinz Company in July 2015. The Kraft Heinz Company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.
Details
| Name: | The Kraft Heinz Company |
| KHC | |
| Exchange: | NasdaqGS |
| Founded: | 1869 |
| $39,668,214,434 | |
| 1,219,434,812 | |
| Website: | http://www.kraftheinzcompany.com |
| Address: |
The Kraft Heinz Company One PPG Place, Pittsburgh, Pennsylvania, 15222, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | KHC | New Common Stock | Nasdaq Global Select | US | USD | 06. Jul 2015 | |
| DB | KHNZ | New Common Stock | Deutsche Boerse AG | DE | EUR | 06. Jul 2015 | |
| XTRA | KHNZ | New Common Stock | XETRA Trading Platform | DE | EUR | 06. Jul 2015 | |
| LSE | 0JRV | New Common Stock | London Stock Exchange | GB | USD | 06. Jul 2015 | |
| SWX | KHC | New Common Stock | SIX Swiss Exchange | CH | CHF | 06. Jul 2015 | |
| WBAG | KHC | New Common Stock | Wiener Boerse AG | AT | EUR | 06. Jul 2015 | |
| BMV | KHC * | New Common Stock | Bolsa Mexicana de Valores | MX | MXN | 06. Jul 2015 | |
| BOVESPA | KHCB34 | EACH BDR REPR 1 COM USD0.01 | Bolsa de Valores de Sao Paulo | BR | BRL | 28. Sep 2015 |
Number of employees
Current staff
Industry
| Packaged Foods and Meats | |
| Food, Beverage & Tobacco |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/20 03:10 |
| End of day share price update: | 2019/05/17 00:00 |
| Last estimates confirmation: | 2019/05/10 |
| Last earnings filing: | 2019/02/21 |
| Last earnings reported: | 2018/12/29 |
| Last annual earnings reported: | 2018/12/29 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
