Kraft Heinz is taking the macaroni & cheese out of its ketchup business in a mega-split after its infamous 2015 merger, according to a new report. The mammoth packaged foods company plans to spin off a big portion of its business, which includes Kraft products, into a new firm, The Wall Street Journal reported Friday, citing people familiar.

Trading 20% from its highs, another food retailer investors will be watching this earnings season is Kraft Heinz KHC. The company is set to report its Q3 earnings on October 26.

Pittsburgh, Pennsylvania-based The Kraft Heinz Company (KHC) manufactures and markets food and beverage products. With a market cap of $31.3 billion, the company distributes dairy products, sauces, flavored milk powders,

While Kraft Heinz has been under significant pressure since a political realignment, KHC stock could be poised for a reversal.

The stock slid 2.7% in premarket trading, which put it on track to open at the lowest price seen since July 30. The parent of brands including Kraft Mac & Cheese, Heinz ketchup, Jell-O and Kool ...

4. Kraft Heinz has a low valuation and a high dividend yield. At $35, Kraft Heinz stock trades at just 12 times the midpoint of this year's earnings.

Kraft Heinz's stock drops as sales volumes fall again, more than prices rise Provided by Dow Jones Oct 30, 2024, 1:24:00 PM. By Tomi Kilgore .