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Re: Kraft Heinz earnings reveal SEC investigation and massive write-offs, stock plunges MarketWatch 

By: Zimbler0 in POPE 5 | Recommend this post (1)
Fri, 22 Feb 19 3:28 AM | 66 view(s)
Boardmark this board | Pope 5 		Msg. 25701 of 62138
(This msg. is a reply to 25679 by capt_nemo)
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Kraft Heinz cuts dividend, stock falls farther

http://www.marketwatch.com/story/kraft-heinz-cuts-dividend-stock-falls-farther-2019-02-21

Kraft Heinz Inc. KHC, -20.67% announced Thursday afternoon that it would slash its dividend payments by more than a third, sending shares on an even steeper dive in after-hours trading. Kraft Heinz shares had already declined more than 8% after releasing a disappointing earnings report, but executives passed along more bad news in the conference call. Kraft Heinz plans to slash its dividend to 40 cents a share each quarter, an annualized $1.60 a share rate, from a $2.50 a year rate, a reduction of 36%. Executives also said that they are considering selling more businesses that the food conglomerate currently owns. Shares were down more than 17% as of 6 p.m. Eastern time.

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Zim : Hmmmmm.
Seems back in 2012, I owned some Kraft, Mondelez, and Heinz.

Heinz got bought out from under my be a turd named Buffet . . .
. . . June 2013.

I think Mondelez was spun off from Kraft . . .
. . . Which is how I wound up owning both Kraft and Mondelez. (October 2012.)

I sold out of both Kraft and Mondelez in 2015.
. . . . Looks like I made money on both of them.

So now it is 'Kraft Heinz' . . .
Zim.

>>>
Kraft Heinz: Warren Buffett’s Biggest Mistake?

https://www.gurufocus.com/news/722937/kraft-heinz-warren-buffetts-biggest-mistake

The Kraft Heinz Co. (NASDAQ:KHC) has an incredible lineup of food brands. From cheese to hotdogs to peanuts and the condiments that make food more flavorful.

The problem is that its stock hasn’t followed suit. In 2015, Berkshire Hathaway (NYSE:BRK.A)(BRK.B) had over 325 million shares as the Kraft Heinz merger created the third-largest food and beverage company in North America (behind PepsiCo and Nestle), and the stock became one of Berkshire’s largest holdings. Unfortunately, after initially moving higher from $70 to over $90 a share, the stock has retreated, and Buffett is down about $3 billion.

>>>

I knew warren buffet was senile when he endorsed barak Obozo.
Zim.





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The above is a reply to the following message:
Kraft Heinz earnings reveal SEC investigation and massive write-offs, stock plunges MarketWatch
By: capt_nemo in POPE 5
Fri, 22 Feb 19 1:08 AM 		Msg. 25679 of 62138

TV just said they slashed their dividend also. Dont see that yet......

http://www.marketwatch.com/story/kraft-heinz-earnings-reveal-sec-investigation-and-massive-write-offs-stock-plunges-2019-02-21?siteid=yhoof2&yptr=yahoo

41.50 USD
Kraft Heinz Co
NASDAQ: KHC
48.18
â–¼ 0.080 (0.17%)
After Hours $41.50â–¼ 6.68 -(13.86%)

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