Market Summary
USD34.16-0.33
Delayed-0.96%
KHC Stock Price
KHC RSI Chart
KHC Valuation
KHC Price/Sales (Trailing)
KHC Profitability
KHC Fundamentals
KHC Revenue
KHC Earnings
Price Action
52 Week Range
32.3942.80
(Low)(High)
Last 7 days
2.1%
Last 30 days
2%
Last 90 days
-4.9%
Trailing 12 Months
0.7%
KHC Financial Health
KHC Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for KHC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-31 | Garlati Vince | sold (taxes) | -75,511 | 33.09 | -2,282 | vp, global controller (pao) |
2023-08-17 | Garlati Vince | sold | -770,948 | 33.5647 | -22,969 | vp, global controller (pao) |
2023-08-17 | La Lande Rashida | sold | -368,854 | 33.5505 | -10,994 | evp, global gc & cscao |
2023-08-16 | Maciel Andre | sold (taxes) | -656,836 | 33.56 | -19,572 | evp & global cfo |
2023-08-16 | Patricio Miguel | sold (taxes) | - | - | -173,538 | ceo & chair |
2023-08-16 | OLIVEIRA RAFAEL | sold (taxes) | -1,368,240 | 33.56 | -40,770 | evp & pres, international mkts |
2023-08-16 | Garlati Vince | sold (taxes) | -164,176 | 33.56 | -4,892 | vp, global controller (pao) |
2023-08-16 | Xu Yang | sold (taxes) | -145,885 | 33.56 | -4,347 | svp, glb hd corp dev, glb trsr |
2023-08-16 | Werneck Melissa | sold (taxes) | -403,022 | 33.56 | -12,009 | evp & global chief people ofcr |
2023-08-16 | La Lande Rashida | sold (taxes) | -1,006,160 | 33.56 | -29,981 | evp, global gc & cscao |
Which funds bought or sold KHC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | -135 | 1,764 | -% |
2023-09-21 | Jefferies Group LLC | new | - | 1,126,030 | 1,126,030 | 0.01% |
2023-09-20 | BARCLAYS PLC | added | 120 | 53,401,000 | 105,571,000 | 0.07% |
2023-09-19 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | reduced | -20.74 | -567,984 | 1,516,990 | 0.64% |
2023-09-14 | Proquility Private Wealth Partners, LLC | added | 2.57 | -47,855 | 772,417 | 0.30% |
2023-09-14 | IMS Capital Management | added | 1.1 | -18,665 | 241,085 | 0.13% |
2023-09-12 | Farther Finance Advisors, LLC | added | 17.94 | 2,550 | 33,370 | 0.01% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | -244 | 2,734 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 36,459 | 36,459 | -% |
2023-08-30 | Western Wealth Management, LLC | sold off | -100 | -622,538 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Kraft Heinz
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | berkshire hathaway inc | 34.5% | 422,638,049 | SC 13G/A | |
| Feb 14, 2023 | 3g global food holdings lp | 34.5% | 422,638,049 | SC 13G/A | |
| Feb 13, 2023 | blackrock inc. | 5.7% | 69,223,785 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 5.54% | 67,873,151 | SC 13G | |
| Feb 14, 2022 | 3g global food holdings lp | 41.72% | 510,704,853 | SC 13G/A | |
| Feb 14, 2022 | berkshire hathaway inc | 41.7% | 510,704,853 | SC 13G/A | |
| Feb 16, 2021 | 3g global food holdings lp | 44.3% | 541,301,318 | SC 13G/A | |
| Feb 16, 2021 | berkshire hathaway inc | 44.3% | 541,301,318 | SC 13G/A | |
| Feb 14, 2020 | berkshire hathaway inc | 46.7% | 570,470,868 | SC 13G/A | |
| Feb 14, 2020 | berkshire hathaway inc | 46.7% | 570,470,868 | SC 13G/A |
Recent SEC filings of Kraft Heinz
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 01, 2023 | 4 | Insider Trading | |
| Aug 18, 2023 | 4 | Insider Trading | |
| Aug 18, 2023 | 4 | Insider Trading | |
| Aug 18, 2023 | 4 | Insider Trading | |
| Aug 18, 2023 | 4 | Insider Trading | |
| Aug 18, 2023 | 4 | Insider Trading | |
| Aug 18, 2023 | 4 | Insider Trading | |
| Aug 18, 2023 | 4 | Insider Trading | |
| Aug 18, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 144 | Notice of Insider Sale Intent |
KHC Fair Value
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Peers (Alternatives to Kraft Heinz)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MDLZ | 105.5B | 34.1B | -1.47% | 18.56% | 26.76 | 3.21 | 14.23% | 7.17% |
GIS | 47.8B | 20.3B | -4.87% | -19.20% | 16.42 | 2.47 | 5.79% | -15.62% |
KHC | 41.9B | 27.1B | 2.00% | 0.74% | 13.28 | 1.55 | 5.71% | 108.17% |
LW | 13.7B | 5.4B | -2.69% | 21.18% | 13.58 | 2.56 | 30.54% | 402.19% |
SJM | 12.9B | 8.5B | -9.27% | -10.26% | -738.56 | 1.53 | 5.58% | -102.98% |
| MID-CAP | ||||||||
PPC | 5.4B | 17.1B | -8.98% | -8.50% | 31.95 | 0.32 | 1.98% | -77.16% |
LANC | 4.6B | 1.8B | 2.34% | 1.56% | 41.38 | 2.53 | 8.72% | 24.22% |
THS | 2.6B | 3.6B | 2.42% | 2.77% | -33.91 | 0.71 | 14.56% | -37.59% |
| SMALL-CAP | ||||||||
BYND | 614.9M | 356.8M | -16.65% | -37.31% | -2.19 | 1.72 | -23.03% | 15.53% |
LWAY | 182.0M | 151.1M | 17.11% | 115.62% | 32.02 | 1.2 | 17.95% | 1565.21% |
BRID | 101.3M | 253.6M | -2.96% | -25.35% | 22.91 | 0.4 | -3.31% | -88.55% |
PLAG | 60.5M | 30.3M | 25.75% | 16.67% | -1.66 | 2 | -47.85% | -262.15% |
RMCF | 29.9M | 29.0M | -7.95% | -24.24% | -4.68 | 1.03 | 0.85% | -516.46% |
RIBT | 2.9M | 36.4M | -36.81% | -73.82% | -0.18 | 0.08 | 13.44% | -36.80% |
Kraft Heinz News
Returns for KHC
Cumulative Returns on KHC
-9.3%
7-Year Cumulative Returns
-6.0%
5-Year Cumulative Returns
8.7%
3-Year Cumulative Returns
Risks for KHC
What is the probability of a big loss on KHC?
72.7%
Probability that Kraft Heinz stock will be more than 20% underwater in next one year
39.2%
Probability that Kraft Heinz stock will be more than 30% underwater in next one year.
21.9%
Probability that Kraft Heinz stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does KHC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Kraft Heinz was unfortunately bought at previous high price.
Drawdowns
Financials for Kraft Heinz
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 0.6% | 27,096 | 26,929 | 26,485 | 25,813 | 25,632 | 25,693 | 26,042 | 26,272 | 26,389 | 26,422 | 26,185 | 25,782 | 25,417 | 25,175 | 24,977 | 25,332 | 25,639 | 25,923 | 26,268 | 26,218 | 26,114 |
| Gross Profit | 3.3% | 8,581 | 8,304 | 8,122 | 7,920 | 8,105 | 8,412 | 8,682 | 9,043 | 9,359 | 9,520 | 9,177 | 8,761 | 8,364 | 7,994 | 8,147 | 8,256 | 8,403 | 8,668 | 8,921 | 8,992 | 9,054 |
| S&GA Expenses | -12.3% | 3,985 | 4,542 | 4,488 | 5,532 | 5,312 | 4,926 | 5,222 | 4,013 | 4,338 | 7,073 | 7,049 | 7,589 | 7,159 | 4,716 | 5,077 | 19,916 | 20,169 | 19,811 | 19,126 | 3,552 | 3,197 |
| EBITDA | -100.0% | - | 4,885 | 4,820 | 3,621 | 4,141 | 4,757 | 4,665 | 6,209 | 6,139 | 3,640 | 3,393 | 2,442 | 2,793 | 4,929 | 5,016 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.18* | 0.18* | 0.14* | 0.16* | 0.19* | 0.18* | 0.24* | 0.23* | 0.14* | 0.13* | 0.09* | 0.11* | 0.20* | 0.20* | - | - | - | - | - | - |
| Interest Expenses | -0.7% | 900 | 906 | 921 | 1,308 | 1,495 | 1,874 | 2,047 | 1,771 | 1,670 | 1,499 | 1,394 | 1,392 | 1,476 | 1,350 | 1,361 | 1,360 | 1,288 | 1,288 | 1,284 | 1,267 | 1,247 |
| Earnings Before Taxes | 25.4% | 3,819 | 3,046 | 2,966 | 1,395 | 1,729 | 1,975 | 1,708 | 3,514 | 3,541 | 1,193 | 1,030 | 71.00 | 327 | 2,581 | 2,661 | -12,140 | -12,483 | -11,973 | -11,321 | 4,470 | 4,963 |
| EBT Margin | -100.0% | - | 0.11* | 0.11* | 0.05* | 0.07* | 0.08* | 0.07* | 0.13* | 0.13* | 0.05* | 0.04* | 0.00* | 0.01* | 0.10* | 0.11* | - | - | - | - | - | - |
| Net Income | 30.3% | 3,158 | 2,423 | 2,363 | 1,216 | 1,517 | 1,225 | 1,012 | 2,303 | 2,167 | 543 | 358 | -493 | -192 | 1,907 | 1,933 | -10,878 | -11,158 | -10,853 | -10,254 | 10,363 | 10,658 |
| Net Income Margin | -100.0% | - | 0.09* | 0.09* | 0.05* | 0.06* | 0.05* | 0.04* | 0.09* | 0.08* | 0.02* | 0.01* | -0.02* | -0.01* | 0.08* | 0.08* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,501 | 1,553 | 3,551 | 3,214 | 4,148 | 4,459 | 3,197 | 3,973 | 4,835 | 4,333 | 4,304 | 3,865 | 2,810 | 2,784 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.0% | 90,956 | 90,943 | 90,513 | 89,992 | 91,676 | 93,864 | 93,394 | 94,897 | 97,038 | 98,664 | 99,830 | 98,122 | 98,306 | 104,073 | 101,450 | 102,822 | 103,201 | 103,562 | 103,461 | 119,575 | 121,749 |
| Current Assets | -2.7% | 7,994 | 8,216 | 7,897 | 7,860 | 8,138 | 9,275 | 8,994 | 9,557 | 11,385 | 13,136 | 10,822 | 10,065 | 8,776 | 11,708 | 8,097 | 9,125 | 9,168 | 8,835 | 9,075 | 7,556 | 9,480 |
| Cash Equivalents | 14.6% | 947 | 826 | 1,040 | 997 | 1,519 | 2,980 | 3,446 | 2,274 | 3,942 | 2,361 | 3,418 | 2,721 | 2,813 | 5,404 | 2,280 | 2,316 | 1,458 | 1,102 | 1,136 | 1,366 | 3,369 |
| Inventory | -4.9% | 3,820 | 4,016 | 3,651 | 3,535 | 3,433 | 3,093 | 2,729 | 2,839 | 2,820 | 2,676 | 2,773 | 2,661 | 2,815 | 2,831 | 2,721 | 3,158 | 3,074 | 3,118 | 2,667 | 3,214 | 3,094 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | 6,558 | 6,777 | 6,813 | 7,055 | 6,926 | 7,023 | 7,031 | 7,078 | 7,074 | 7,117 |
| Goodwill | 14296.7% | 30,953 | 215 | 30,833 | 163 | 31,176 | 219 | 31,296 | 64.00 | 31,477 | 31,400 | 33,089 | 124 | 33,310 | 35,100 | 35,546 | 124 | 35,989 | 36,091 | 25.00 | 44,339 | 44,302 |
| Liabilities | -1.6% | 40,942 | 41,590 | 41,643 | 41,649 | 42,674 | 44,020 | 43,942 | 44,659 | 46,896 | 48,233 | 49,587 | 48,783 | 49,141 | 52,949 | 49,701 | 51,016 | 51,524 | 51,727 | 51,683 | 54,162 | 56,034 |
| Current Liabilities | -6.4% | 8,385 | 8,954 | 9,028 | 8,686 | 9,119 | 9,064 | 9,064 | 8,455 | 9,879 | 7,570 | 8,061 | 7,694 | 8,050 | 7,934 | 7,875 | 9,112 | 7,797 | 7,972 | 7,503 | 7,622 | 9,113 |
| Short Term Borrowings | -50.0% | 1.00 | 2.00 | 6.00 | 4.00 | 47.00 | 50.00 | 14.00 | 1.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 15.00 | 1.00 | 2.00 | 21.00 | 973 | 34.00 |
| Long Term Debt | 0.5% | 19,367 | 19,263 | 19,233 | 19,296 | 19,724 | 20,970 | 21,061 | 22,937 | 23,545 | 27,074 | 28,070 | 27,882 | 28,097 | 31,531 | 28,216 | 28,112 | 29,832 | 29,803 | 30,770 | 30,887 | 31,269 |
| Shareholder's Equity | 1.0% | 49,814 | 49,313 | 48,678 | 48,148 | 48,962 | 49,797 | 49,448 | 50,238 | 50,142 | 50,431 | 50,243 | 49,341 | 49,166 | 51,124 | 51,749 | 51,804 | 51,675 | 51,833 | 51,775 | 65,219 | 65,708 |
| Retained Earnings | 60.8% | 1,336 | 831 | 489 | -208 | -640 | -905 | -1,682 | -1,425 | -2,158 | -2,131 | -2,694 | -3,739 | -4,336 | -2,686 | -3,060 | -3,241 | -4,140 | -4,586 | -4,853 | 8,479 | 8,624 |
| Additional Paid-In Capital | 0.1% | 51,967 | 51,910 | 51,834 | 52,077 | 52,520 | 52,954 | 53,379 | 53,823 | 54,255 | 54,678 | 55,096 | 55,544 | 55,990 | 56,378 | 56,828 | 57,293 | 57,769 | 58,252 | 58,723 | 58,716 | 58,689 |
| Shares Outstanding | 0.1% | 1,228 | 1,227 | 1,225 | 1,227 | 1,225 | 1,225 | 1,224 | 1,227 | 1,223 | 1,223 | 1,223 | 1,223 | 1,223 | 1,222 | 1,221 | - | 1,220 | 1,220 | 1,220 | 1,219 | 1,219 |
| Minority Interest | 0% | 160 | 160 | 152 | 158 | 166 | 153 | 150 | 149 | 145 | 143 | 140 | 123 | 126 | 115 | 126 | 131 | 132 | 130 | 118 | 188 | 188 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 32.2% | 3,265 | 2,469 | 2,469 | 4,433 | 4,123 | 5,040 | 5,364 | 4,051 | 4,742 | 5,527 | 4,929 | 4,888 | 4,443 | 3,460 | 3,552 | 3,686 | 3,683 | 2,470 | 2,574 | 1,364 | 895 |
| Share Based Compensation | 0.7% | 146 | 145 | 148 | 149 | 172 | 180 | 197 | 197 | 187 | 174 | 156 | 134 | 104 | 70.00 | 46.00 | 15.00 | 21.00 | 35.00 | 33.00 | 54.00 | 49.00 |
| Cashflow From Investing | 27.2% | -645 | -886 | -1,091 | 256 | 90.00 | 3,785 | 4,038 | 2,584 | 2,742 | -616 | -522 | 38.00 | 1,292 | 1,212 | 1,511 | 914 | -309 | 461 | 288 | 940 | 1,333 |
| Cashflow From Financing | 13.3% | -3,179 | -3,668 | -3,714 | -5,822 | -6,511 | -8,186 | -9,344 | -7,155 | -6,449 | -8,079 | -3,331 | -4,541 | -4,373 | -304 | -3,913 | -3,607 | -5,231 | -3,496 | -3,363 | -2,372 | -319 |
| Dividend Payments | 0.1% | 1,962 | 1,961 | 1,960 | 1,960 | 1,960 | 1,960 | 1,959 | 1,960 | 1,960 | 1,959 | 1,958 | 1,956 | 1,954 | 1,953 | 1,953 | 2,226 | 2,500 | 2,774 | 3,183 | 3,148 | 3,113 |
| Buy Backs | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
KHC Income Statement
2023-07-01Condensed Consolidated Statements of Income - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 01, 2023 | Jun. 25, 2022 | Jul. 01, 2023 | Jun. 25, 2022 | |
| Income Statement [Abstract] | ||||
| Net sales | $ 6,721 | $ 6,554 | $ 13,210 | $ 12,599 |
| Cost of products sold | 4,460 | 4,570 | 8,836 | 8,684 |
| Gross profit | 2,261 | 1,984 | 4,374 | 3,915 |
| Selling, general and administrative expenses, excluding impairment losses | 885 | 812 | 1,755 | 1,639 |
| Goodwill impairment losses | 0 | 235 | 0 | 224 |
| Intangible asset impairment losses | 0 | 395 | 0 | 395 |
| Selling, general and administrative expenses | 885 | 1,442 | 1,755 | 2,258 |
| Operating income/(loss) | 1,376 | 542 | 2,619 | 1,657 |
| Interest expense | 228 | 234 | 455 | 476 |
| Other expense/(income) | (24) | (91) | (59) | (189) |
| Income/(loss) before income taxes | 1,172 | 399 | 2,223 | 1,370 |
| Provision for/(benefit from) income taxes | 174 | 134 | 388 | 324 |
| Net income/(loss) | 998 | 265 | 1,835 | 1,046 |
| Net income/(loss) attributable to noncontrolling interest | (2) | 0 | (1) | 5 |
| Net income/(loss) attributable to common shareholders | $ 1,000 | $ 265 | $ 1,836 | $ 1,041 |
| Per share data applicable to common shareholders: | ||||
| Basic earnings/(loss) per common share (in dollars per share) | $ 0.81 | $ 0.22 | $ 1.50 | $ 0.85 |
| Diluted earnings/(loss) per common share (in dollars per share) | $ 0.81 | $ 0.21 | $ 1.49 | $ 0.84 |
KHC Balance Sheet
2023-07-01Condensed Consolidated Balance Sheets - USD ($) $ in Millions | Jul. 01, 2023 | Dec. 31, 2022 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 947 | $ 1,040 |
| Trade receivables (net of allowances of $49 at July 1, 2023 and $46 at December 31, 2022) | 2,237 | 2,120 |
| Inventories | 3,820 | 3,651 |
| Prepaid expenses | 296 | 240 |
| Other current assets | 691 | 842 |
| Assets held for sale | 3 | 4 |
| Total current assets | 7,994 | 7,897 |
| Property, plant and equipment, net | 6,866 | 6,740 |
| Goodwill | 30,953 | 30,833 |
| Intangible assets, net | 42,714 | 42,649 |
| Other non-current assets | 2,429 | 2,394 |
| TOTAL ASSETS | 90,956 | 90,513 |
| LIABILITIES AND EQUITY | ||
| Commercial paper and other short-term debt | 1 | 6 |
| Current portion of long-term debt | 629 | 831 |
| Trade payables | 4,545 | 4,848 |
| Accrued marketing | 843 | 749 |
| Interest payable | 258 | 264 |
| Other current liabilities | 2,109 | 2,330 |
| Total current liabilities | 8,385 | 9,028 |
| Long-term debt | 19,367 | 19,233 |
| Deferred income taxes | 10,149 | 10,152 |
| Accrued postemployment costs | 148 | 144 |
| Long-term deferred income | 1,451 | 1,477 |
| Other non-current liabilities | 1,442 | 1,609 |
| TOTAL LIABILITIES | 40,942 | 41,643 |
| Commitments and Contingencies (Note 14) | ||
| Redeemable noncontrolling interest | 40 | 40 |
| Equity: | ||
| Common stock, $0.01 par value (5,000 shares authorized; 1,247 shares issued and 1,228 shares outstanding at July 1, 2023; 1,243 shares issued and 1,225 shares outstanding at December 31, 2022) | 12 | 12 |
| Additional paid-in capital | 51,967 | 51,834 |
| Retained earnings/(deficit) | 1,336 | 489 |
| Accumulated other comprehensive income/(losses) | (2,631) | (2,810) |
| Treasury stock, at cost (19 shares at July 1, 2023 and 18 shares at December 31, 2022) | (870) | (847) |
| Total shareholders' equity | 49,814 | 48,678 |
| Noncontrolling interest | 160 | 152 |
| TOTAL EQUITY | 49,974 | 48,830 |
| TOTAL LIABILITIES AND EQUITY | $ 90,956 | $ 90,513 |
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company also offers dressings, healthy snacks, and other categories; and spices and other seasonings. It sells its products through its own sales organizations, as well as through independent brokers, agents, and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, and foodservice distributors and institutions, including hotels, restaurants, hospitals, health care facilities, and government agencies; and online through various e-commerce platforms and retailers. The company was formerly known as H.J. Heinz Holding Corporation and changed its name to The Kraft Heinz Company in July 2015. The Kraft Heinz Company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.