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KHC

Kraft Heinz

$30.68

0.17 (0.56%)

16:37
06/25/19
06/25
16:37
06/25/19
16:37

Kraft Heinz accelerates new CEO start date to June 25

In a regulatory filing, the company said, "As previously announced on April 17, 2019, The Kraft Heinz Company's Board of Directors approved the appointment of Miguel Patricio as Chief Executive Officer of Kraft Heinz. On June 20, 2019, Kraft Heinz decided to accelerate Mr. Patricio's start date to June 25, 2019 due to the upcoming July 4th holiday in the United States. As part of various organizational changes approved by the Board, in addition to his role as the global CEO, Mr. Patricio will assume the role of U.S. Zone President on an interim basis, and Paulo Basilio, who currently serves as U.S. Zone President of Kraft Heinz, will assume the new role of Chief Business Planning and Development Officer, effective July 1, 2019. Also, effective July 1, 2019, Rafael Oliveira, who currently serves as the Zone President of Europe, Middle East and Africa segment of Kraft Heinz, will assume the new role of International Zone President of Kraft Heinz."

KHC Kraft Heinz
$30.68

0.17 (0.56%)

05/31/19
PIPR
05/31/19
UPGRADE
Target $31
PIPR
Neutral
Piper upgrades Kraft Heinz to Neutral, says risks priced in
Piper Jaffray analyst Michael Lavery upgraded Kraft Heinz to Neutral from Underweight with an unchanged price target of $31. The analyst, who remains curious on the outlook for Kraft Heinz and its ability to build brand equity in a way that can drive sustainable organic growth, believes the risks appear to be reflected in the stock's current valuation. A new CEO is the right move, but he needs incremental brand spending to rejuvenate the company's "dusty brands," says the analyst.
05/31/19
05/31/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Canada Goose (GOOS) upgraded to Buy from Neutral at Goldman Sach with analyst Alexandra Walvis saying she believes the company's fundamentals are "still strong" and the weakness in Q4 was driven in part by strategic changes. 2. Kraft Heinz (KHC) upgraded to Neutral from Underweight at Piper Jaffray with analyst Michael Lavery saying he believes the risks appear to be reflected in the stock's current valuation. 3. Molina Healthcare (MOH) upgraded to Outperform from Market Perform at Wells Fargo with analyst Peter Costa saying management highlighted the long-term sustainability of margins and growth at analyst day, which he thinks should be attainable if Molina can avoid losing ground in upcoming contract rebids. 4. Uber (UBER) upgraded to Overweight from Neutral at Atlantic Equities with analyst James Cordwell saying the ridehailing competitive environment is becoming "increasingly benign" while Uber shares have become more attractively valued. 5. Century Communities (CCS) upgraded to Outperform from Neutral at Wedbush with analyst Jay McCanless saying that based on the firm's recent management meetings, he estimates 85% of the company's collective business is targeted to affordable price points suggesting the company should be well positioned to meet that demand. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/11/19
EVER
06/11/19
INITIATION
Target $32
EVER
In Line
Kraft Heinz initiated with an In Line at Evercore ISI
Evercore ISI analyst David Palmer started Kraft Heinz with an In Line rating and $32 price target.
06/24/19
GUGG
06/24/19
NO CHANGE
Target $29
GUGG
Neutral
Incoming CEO plans, actions crucial for fate of Kraft Heinz, says Guggenheim
Guggenheim analyst Laurent Grandet lowered his price target for Kraft Heinz to $29 from $32 due primarily to lower earnings. The analyst believes the plans incoming CEO Miguel Patricio lays out and the actions he takes in the first 90 days will be crucial to determining the fate of Kraft Heinz in the longer term, including rebasing and over-investing, selling assets, and further reducing the dividend. Grandet reiterates a Neutral rating on the shares given his expectation of more "bad news" and the uncertainly around what Patricio will actually do when he takes the helm next week.

TODAY'S FREE FLY STORIES

ATIF

ATIF Holdings

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BA

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KSU

Kansas City Southern

$118.03

1.22 (1.04%)

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UNH

UnitedHealth

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-6.24 (-2.34%)

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ALIM

Alimera Sciences

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HYRE

HyreCar

$3.06

0.16 (5.52%)

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  • 17

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SGH

Smart Global

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-0.14 (-0.45%)

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  • 30

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OMCL

Omnicell

$69.58

-1.795 (-2.51%)

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MYFW

First Western Financial

$13.30

(0.00%)

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IFRX

InflaRx

$3.12

0.05 (1.63%)

08:08
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TPB

Turning Point Brands

$54.62

2.36 (4.52%)

08:08
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ADS

Alliance Data

$158.06

7.365 (4.89%)

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  • 13

    Nov

GNTX

Gentex

$23.54

0.01 (0.04%)

08:07
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  • 19

    Jul

MSFT

Microsoft

$136.29

0.06 (0.04%)

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  • 03

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AA

Alcoa

$23.42

0.27 (1.17%)

08:05
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  • 16

    Oct

PIR

Pier 1 Imports

$3.89

-0.76 (-16.34%)

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GNTX

Gentex

$23.54

0.01 (0.04%)

08:05
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Gentex narrows FY19 revenue guidance $1.87B-$1.9B from $1.83B-$1.93B 

Consensus $1.87B.

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  • 19

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CMG

Chipotle

$764.23

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GNTX

Gentex

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  • 19

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HQY

HealthEquity

$76.39

0.96 (1.27%)

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$50.79

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$50.79

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SYF

Synchrony

$36.09

0.54 (1.52%)

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SYF

Synchrony

$36.09

0.54 (1.52%)

PYPL

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1.07 (0.90%)

WMT

Walmart

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0.08 (0.07%)

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NFLX

Netflix

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  • 03

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SKX

Skechers

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STT

State Street

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1.67 (3.06%)

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  • 19

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WNS

WNS Holdings

$62.34

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  • 12

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