Unilever rejects £111 billion offer from Kraft Heinz
Feb 18 2017
The insider owns 359,877 shares which have current market value of around $31410064.56.W. Anthony Vernon is another major inside shareholder in the company. The Stock has YTD (year to date) performance of -0.05 percent. The PEG ratio represents the ratio of the price to earnings to the expected future growth rate of the company. The current share price indicate that stock is 0.04% away from its one year high and is moving 30.45% ahead of its 52-week low.
The Company now expects its multi-year Integration Program to deliver $1.7 billion in cumulative, pre-tax savings by the end of 2017, up from $1.5 billion previously.
Kraft Heinz has a market cap of $114 billion, so any acquisition that is not in shares would require a substantial debt load.
Kraft Heinz has 42,000 employees in 40 countries, but its sales of $26.5 billion past year were dwarfed by Unilever's $48.3 billion. Suntrust Banks Inc. now owns 626,052 shares of the company's stock valued at $56,037,000 after buying an additional 251,139 shares during the period.
The Kraft Heinz Company (NASDAQ:KHC) traded with the volume of 10.57 Million in the previous trading session.
Shares of Kraft Heinz lost more than 4 percent on Thursday to close the day at $87.28 but jumped more than 5 percent Friday morning after details of the deal were announced.
Covering research analysts have taken a stance on where they see Kraft Heinz Co (NASDAQ:KHC) moving in the future.
"This deal is likely to prompt a Marmite response, while the markets love the idea given the share price reaction, there is a good chance that governments will hate it, and it is inevitable that competition authorities and regulators will want to have a look at it", he said. The Kraft Heinz Company now has an average rating of Buy and a consensus price target of $98.95. Cornerstone Advisors Inc. now owns 1,223 shares of the company's stock worth $109,000 after buying an additional 689 shares during the last quarter. Finally, Zacks Investment Research raised The Kraft Heinz Company from a "sell" rating to a "hold" rating in a report on Friday, January 20th. The deal has to come to fruition in a month, or they can not pursue a deal for about a year. Company net profit margin stands at 10.40% whereas its return on equity (ROE) is 4.80%.
The Kraft Heinz Company formerly H.J. Heinz Holding Corporation is a food and beverage company.
Feb 17 2017 Intel Community Denies Bombshell WSJ Report
A FURIOUS Donald Trump has accused Russian Federation of "taking" Crimea and rounded on his intelligence agencies amid a deepening scandal over his administration's alleged Moscow links.
Feb 13 2017 End goal of Turkey in Syria is Raqqa: Tayyip Erdogan
The town has been besieged since Monday, when government forces advancing from the south cut off a road leading into Al-Bab. The Turkish military said Turkey and Russian Federation were conducting a joint investigation into the bombing.
Feb 12 2017 Volunteers in New Zealand work to stop fresh whale stranding
Some of the surviving whales had been re-floated at high tide this morning but many quickly became stranded once the tide ebbed. Sometimes the whales are old and sick, injured, or make navigational errors particularly along gentle sloping beaches.
Feb 10 2017 Family Vows to Fight for Arizona Mom Deported Under Trump's Order
As protestors surrounded the auto and held signs urging ICE not to breakup families, they shouted "liberation, not deportation". Immigrant advocates say her detention reflects the severity of the Trump administration's crackdown on illegal immigration.