The Latest Breaking News from Kraft Heinz

Kraft Heinz, a struggling food giant that has disappointed Warren Buffett, may finally be a buy due to its potential sale of the Oscar Mayer business, strategic initiatives, and attractive valuation metrics, including a low P/E and healthy dividend yield.

With Kraft Heinz gearing up to release its third-quarter earnings later this month, analysts expect a single-digit growth in earnings.

Kraft Heinz is gearing up to announce its second-quarter results at the end of this month, and Wall Street analysts forecast a single-digit decline in the company’s bottom-line figure.

Kraft Heinz has recently underperformed other Packaged Food stocks, but Wall Street analysts anticipate a modest upside for the stock.

Kraft Heinz, whose biggest stockholder is Berkshire Hathaway, is among the worst-performing S&P 500 stocks. Buffett has admitted to a mistake in valuing the company - and the food giant still does not look a compelling buy, despite the perennial underperformance.

June S&P 500 E-Mini futures (ESM24) are down -0.42%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.73% this morning as mixed earnings and the prospect of higher-for-longer U.S. interest rates weighed on sentiment, with all eyes on the Federal Reserve’s interest rate decision due later in the day.

June S&P 500 E-Mini futures (ESM24) are down -0.29%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.58% this morning as the prospect of higher-for-longer U.S. interest rates continued to weigh on sentiment, with all eyes on the Federal Reserve’s interest rate decision due later in the day.

June S&P 500 E-Mini futures (ESM24) are down -0.29%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.58% this morning as the prospect of higher-for-longer U.S. interest rates continued to weigh on sentiment, with all eyes on the Federal Reserve’s interest rate decision due later in the day.

The group found high levels of sodium and the presence of heavy metals in meal kits it tested. A Kraft Heinz spokesperson said all of its products meet strict safety standards.