The Kraft Heinz Company Stock News

The Kraft Heinz Company (NASDAQ:KHC ) Q2 2024 Results Conference Call July 31, 2024 9:00 AM ET Company Participants Anne-Marie Megela - Head of Global Investor Relations Carlos Abrams-Rivera - Chief Executive Officer Andre Maciel - Executive Vice President and Global Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan Steve Powers - Deutsche Bank ...

The Kraft Heinz Company (NASDAQ:KHC ) Q2 2024 Pre-Recorded Management Discussion July 31, 2024 8:00 AM ET Company Participants Anne-Marie Megela - Head of Global Investor Relations Carlos Abrams-Rivera - Chief Executive Officer Andre Maciel - Executive Vice President and Global Chief Financial Officer Operator Hello. This is Anne-Marie Megela, Head of Global Investor Relations at The Kraft Hein...

Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ) reported mixed results for the second quarter of 2024, with adjusted earnings slightly exceeding analyst expectations but revenue falling short. The company also adjusted its sales growth outlook for the year, citing cautious consumer sentiment.

Shares of Kraft Heinz Co. KHC gained 0.5% in premarket trading Wednesday, after the food and beverage brands company beat profit expectations but missed on sales, citing a continued “cautious” consumer. Net income dropped to $102 million, or 8 cents a share, from $1 billion, or 81 cents a share, in the year-ago period.

Shares of Kraft Heinz haven't budged since they tumbled in 2017 and 2018. The reasons for this initial post-merger weakness, however, are finally abating.

In recent trading days, investors have been rotating from growth stocks to value stocks, creating a fertile ground for overlooked dividend stocks. With the spotlight having shone brightly on growth stocks during last year's rally, many dividend stocks have been left in the shadows.

One of the most familiar brands in the grocery aisle pays a high yield of 4.74%. Falling interest rates could provide a timely boost to this home improvement king.

Kraft Heinz has underperformed for so long that many investors forgot about it. That's the time to dust it off and take a fresh look.