Kraft Heinz Co Stock Price, News & Analysis

The Kraft Heinz Company (KHC) announced early tender results for its cash tender offer, aiming to purchase up to $2 billion in various senior notes, including those due in June 2022, January 2029, and beyond. The early tender submission deadline was December 2, 2021, and an early settlement date for accepted notes is set for December 6, 2021. The financing condition for the offer has been met, and the tender offer will expire on December 16, 2021, unless extended. The company plans to accept notes based on specified acceptance priority levels.

The Kraft Heinz Company (Nasdaq: KHC) has completed the sale of its global cheese business assets for approximately $3.3 billion, including $3.2 billion in cash. The transaction involves divesting natural, grated, and specialty cheese businesses in the U.S. and Canada, along with global intellectual property rights to brands like Cracker Barrel and Cheez Whiz. CEO Miguel Patricio emphasized this move as key to enhancing the company's growth profile and financial flexibility.

The Kraft Heinz Company (Nasdaq: KHC) announced the pricing of a registered public offering of 30,596,465 shares of common stock by affiliates of 3G Global Food Holdings LP, generating approximately $1.1 billion in gross proceeds. The company will not receive any proceeds from the offering. The offering, which is expected to close on November 22, 2021, is made under an automatic shelf registration statement filed with the SEC. BofA Securities acts as the sole underwriter.

Kraft Heinz has initiated a Tender Offer to purchase up to $2 billion of its Senior Notes, including various series due from 2022 to 2050. The offer, made through its subsidiary, is subject to conditions, including the completion of a transaction involving the sale of assets in its global cheese business. The Tender Offer will expire on December 16, 2021, with early tender incentives set until December 2, 2021. Holders are advised to review the Offer to Purchase for further details.

The Kraft Heinz Company (Nasdaq: KHC) has announced a secondary offering of 30,596,465 shares of common stock by affiliates of 3G Global Food Holdings LP. The Offering is subject to market conditions, and the Company will not receive any proceeds. BofA Securities acts as the sole underwriter, with sales executed on the Nasdaq Global Select Market or through other methods at prevailing market prices. The Offering follows an automatic shelf registration statement filed with the SEC on November 13, 2020. This announcement does not constitute an offer to sell or buy these securities.

Kraft Heinz enhances Thanksgiving celebrations with its first children's book, Grace and the Gravy Pirates, aimed at making the holiday more enjoyable for kids. The whimsical story features a young girl and her pirate friends on a mission to combat the 'dryness' often associated with Thanksgiving dinners.

This initiative reflects Kraft Heinz's commitment to creativity and family engagement. The book is available as a free eBook and will be showcased during the 95th Macy’s Thanksgiving Day Parade.

Kraft Heinz Company (NASDAQ: KHC) partners with Saviynt to enhance its identity and access governance. This collaboration aims to strengthen Kraft Heinz's IT infrastructure through Saviynt’s Enterprise Identity Cloud, which will help mitigate identity risks associated with cloud and on-premise applications. The initiative, led by CISO Ricardo Lafosse, focuses on providing over 70,000 identities with a seamless onboarding experience while maintaining compliance across a hybrid environment. Saviynt’s solutions will also aid in continuous compliance and granular risk analysis.

HEINZ, known for over 150 years of ketchup expertise, has launched the HEINZ Tomato Ketchup Marz Edition, made from tomatoes grown under Mars-simulated conditions. This groundbreaking project involved a nine-month collaboration with astrobiologists from the Aldrin Space Institute, successfully yielding high-quality tomatoes using proprietary seeds. Although the Marz Edition is not available for purchase yet, it marks a significant advancement in long-term food production for harsh environments. HEINZ aims for 100% sustainably sourced tomatoes by 2025, continuing its commitment to both innovation and environmental goals.

JET-PUFFED has collaborated with NYC’s Alidoro to create the limited-edition JET-PUFFED S’moagie, a s'mores sandwich, launching on November 3 at select locations and via Goldbelly. The S’moagie features a graham cracker-infused hoagie roll with toasted marshmallows, dark chocolate, prosciutto, and a brown sugar glaze, priced at $10. A recent Twitter poll shows that 61% of respondents consider a s’more a sandwich. This innovative offering aims to celebrate National Sandwich Day and reinforce the brand's stance on s'mores.