uploads///Stock Performance of Kraft Heinz and Peers

What Does 2Q16 Hold for Kraft Heinz?


Jul. 28 2016, Updated 3:19 p.m. ET

2Q16 results

Kraft Heinz (KHC) is all set to report its 2Q16 results on August 4, 2016. For the second quarter, analysts expect KHC’s revenue to fall, while its earnings could rise in the double digits.

We’ll review 2Q16 projections for the company later on in the series. Before that, let’s see how much the stock has risen since its last quarter’s results.

Kraft Heinz’s stock has risen by 7% since its last quarter’s earnings. On May 4, 2016, after the market closed, the company reported its 1Q16 financial results for the period ended April 3, 2016. Its stock rose by 4% the next day, as its revenue and earnings surpassed estimates. The company has risen by 17% since it started trading as a combined company on July 6, 2015.

So far, Kraft Heinz’s stock has risen by 18% in 2016. It has outperformed the Market, represented by the S&P 500 Index, by 10% as of July 27. It closed at $85.63 on July 27.

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Peers in the industry

The company operates worldwide as a food and beverage company. It operates internationally through its subsidiaries. It’s part of the processed and packaged goods industry, and it offers its products under brands such as Kraft, Heinz, ABC, Capri Sun, and Classico.

Its peers in the industry J.M. Smucker (SJM) and General Mills (GIS) have risen by 24% and 23%, respectively, so far in 2016. They closed the day on July 27 at $151.51 and $71.22, respectively.

The First Trust US IPO Index ETF (FPX) invests 10.0% of its portfolio in Kraft Heinz. The ETF closed at $52.93 on May 9, 2016. FPX’s YTD return is 3.5%. The iShares Morningstar Large Value ETF (JKF) invests 1.0% of its portfolio in Kraft Heinz.

In this series. . .

Continue reading this series to see how Kraft Heinz performed in its last quarter. We’ll further dive into its upcoming quarter’s projections for revenue and earnings. We’ll discuss the company’s recent dividends and its 2016 outlook. We’ll discuss what Wall Street analysts’ recommendations are for the stock before its 2Q16 earnings release.

Let’s start with a recap of the last quarter’s performance.


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