Kraft Heinz Co

Kraft Heinz Names New CEO

Stock Market News Today – Kraft Heinz Co. named a new chief executive, hiring the chief marketing officer and a former leader of brewer Anheuser-Busch InBev SA BUD 0.27% to lead the giant foodmaker’s attempted turnaround after years of cost… Read More ›

Kraft Heinz Co. Slashed Its Dividend, Sending Its Stock Down More Than 20% After-Hours Trading

Kraft Heinz said it faced unexpectedly higher costs last year, and it has seen significant pressure on the value of its brands since its $49 billion merger in 2015. The writedown caused Kraft Heinz to swing to a fourth-quarter loss, marking a striking reversal after several years of radical cost-management efforts and higher profit margins that were seen as a model for the packaged-food industry.