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☆ Nelson Peltz's Trian takes board seat at pest control maker Rentokil
▼ + stars: | 2024-09-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Pest control maker Rentokil Initial said Wednesday that Trian partner Brian Baldwin would join the Terminix owner's board effective next week. The company said Baldwin, who has worked at Nelson Peltz's firm since 2007, will also join the nominating and compensation committees. The accession comes three months after Trian first disclosed a roughly $400 million position in Rentokil, and two weeks after the company issued a profit warning. Peltz's Trian has a long history of turning around struggling businesses, largely in the consumer sector. His company mounted a proxy fight at Disney earlier this year, failing to secure a board seat but still making around $1 billion off the investment.

Persons: Rentokil, Brian Baldwin, Baldwin, Nelson Peltz's, Trian, Janus Henderson, Peltz's Trian, Peltz, Proctor, Gamble, Mondelez Organizations: Heinz, Disney Locations: Rentokil, Terminix

☆ Anthony O’Reilly, Flashy Irish Tycoon Who Led Heinz Company, Dies at 88
▼ + stars: | 2024-06-21 | by ( Trip Gabriel | ) www.nytimes.com time to read: 1 min

O’Reilly, a high-flying, charming, Irish-born former chairman of the H.J. Heinz Company, who also owned newspapers, luxury brands and trophy homes in France and the Bahamas, only to lose nearly everything in his eighth decade, died on May 18 in Dublin. The Irish Times and other Irish newspapers, citing a family spokesman, reported that he died in a hospital. From his earliest days, Mr. O’Reilly, who was known as Tony, displayed an embarrassment of gifts. He was an elite-level rugby player while still in his teens — the “redheaded pinup boy of Irish rugby,” as The Guardian put it.

Persons: Anthony J.F, O’Reilly, Tony Organizations: Heinz Company, Irish Times, rugby, Guardian, Irish Dairy Board Locations: Irish, France, Bahamas, Dublin

☆ 12 portfolio companies report earnings in the week ahead. What we want to hear from each
▼ + stars: | 2024-04-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The action quickly and sharply reversed back to the upside Friday after blowout earnings reports from Alphabet and Microsoft . In the week ahead, earnings are likely to drive the action again, though we'll get a few important macroeconomic reports. Earnings: We've got the biggest week of the earnings season ahead of us, with 12 Club holdings set to report. Eli Lilly 's report Tuesday morning continues to be all about sales of type-2 diabetes treatment Mounjaro and weight-loss drug Zepbound. In DuPont 's report Wednesday morning, we're looking for a continued rebound in its semiconductor business following a sequential increase last quarter.

Persons: Ford, we'll, Dow Jones, We've, Buckle, Eaton, Eli Lilly, Lilly, We're, Estee Lauder, Fabrizio Freda, we've, Linde, Bausch, Royal Philips, Woodward, SIRI, Archer, Johnson, Stanley Black, Decker, BAX, Cardinal Health, Parker, Belden, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Microsoft, Meta, Google Search, Big Tech, Nvidia, Broadcom, Ford Motor, Honeywell, Danaher, Labor Department, Labor, PMI, Services PMI, GE Healthcare, Amazon Web Services, Starbucks, Deutsche Bank, DuPont, Bausch Health, U.S ., Appeals, Apple, iPhones, Vision, ON Semiconductor, Resource Partners, Franklin Resources, Paramount, Transocean Ltd, Semiconductors, Arch Capital, Logitech International, Lattice Semiconductor, F5 Networks, Sanmina Corporation, GE HealthCare, PayPal, 3M Company, McDonalds, Enterprise Products Partners, Cola Company, Melco Resorts, Entertainment, SiriusXM Holdings, Oatly, American Electric Power Company, Leidos Holdings, Marathon Petroleum, Daniels, Midland Co, Equitrans Midstream Corporation, HSBC Holdings, HSBC, Devices, Caesars Entertainment, Lumen Technologies, Mondelez, Pfizer, CVS Health, Barrick, Mastercard Inc, Cruise Line Holdings Ltd, Kraft Heinz Company, Marriott International, Ares, Generac Holdings, Johnson Controls, Cenovus Energy Inc, Qualcomm, Devon Energy, Paycom, Axcelis Technologies, Coeur D'Alene Mines, Sunnova Energy International, MGM Resorts International, MGM, Solar Inc, Oil, Allstate, Co, Tenable Holdings, Enovix Corporation, Gladstone Capital, Avis Budget Group, eBay, EBAY, LIN, Novo Nordisk, Natural Resources, PENN Entertainment, Apache, ConocoPhillips, InMode Ltd, Baxter International, Cardinal, Regeneron Pharmaceuticals, Apollo Global Management, LLC, Cinemark Inc, Dominion Energy, Coterra Energy, Coinbase, Bill.com Holdings, Booking Holdings, United States Steel, AXT Inc, Materials, Energy, Hershey Company, XPO Logistics, Cboe, American Pipeline, Amneal Pharmaceuticals, Brookfield Business Partners, Brookfield Renewable Corporation, Magna International, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Bloomberg, Getty Locations: U.S, megaprojects, China, Eaton, Corning, Coeur D'Alene, Albemarle, ALB, Novo, New York

☆ Kraft’s newest Oscar Mayer hot dog is missing meat
▼ + stars: | 2024-03-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

In the past year, the company rolled out a vegan boxed Mac & Cheese, mayonnaise and vegan cheese slices. Sinking sales have sparked troubles for pioneers, like Beyond Meat (BYND), which also has sausage products. The once-trendy plant-based meat company has faced falling demand and ballooning costs in recent years. Frey said that recent innovations in plant-based meat products, such as improving taste, texture and expanding options (i.e. Besides taste, plant-based meat “faces challenges like price competitiveness, distribution issues and consumer skepticism,” Frey said.

Persons: New York CNN — Oscar Mayer, Kraft Heinz, Oscar Mayer “ NotHotDogs, NotSausage, there’s, Sherry Frey, Frey, “, Oscar Mayer, ’, ”, ” Frey, Kraft, NIQ’s Frey Organizations: New, New York CNN, CNN, Kraft The Kraft Heinz Company, Kraft, Kraft Mac Locations: New York, Kraft’s, ”

☆ Kraft’s newest Mac & Cheese is ditching cheese
▼ + stars: | 2023-11-29 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Kraft’s new Mac & Cheese is ditching the cheese and going vegan. “Curiosity is a major factor in trying plant-based foods and beverages,” Sherry Frey, vice president of Total Wellness at NIQ, told CNN. The vegan cheese sauce is made with fava bean protein and coconut oil powder, creating a sauce that has a “similar taste, look and feel to dairy-based mac and cheese,” the company told CNN. Goodles, for example, is a Gal Gadot-backed startup that sells boxed pasta with more protein and fiber at a higher price that also has a plant-based mac and cheese in its portfolio. In particular, the Kraft brand recently rolled out a makeover of its Kraft Singles cheeses that emphasizes the cheese doesn’t have artificial flavors, colors or preservatives.

Persons: New York CNN —, “ Kraft, Kraft, ” Sherry Frey, “, NIQ, ” Frey, Annie’s Organizations: New, New York CNN, NotCo, Kraft, CNN, ”, Kraft Mac, Kraft Heinz Company Locations: New York, ”

☆ Reducing pesticides in food: Major food manufacturers earn an F grade
▼ + stars: | 2023-11-08 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +11 min

“Pesticide exposure during pregnancy may lead to an increased risk of birth defects, low birth weight, and fetal death,” the American Academy of Pediatrics stated. “Exposure in childhood has been linked to attention and learning problems, as well as cancer.”Yet pesticide exposure is widespread, even for chemicals that were banned years ago by federal agencies. In the 2023 Shopper’s Guide to Pesticides in Produce — a list of nonorganic produce with the most pesticides — researchers found 210 different pesticides on the 12 foods. In addition, consumers can ask food companies to “release the actual test results of pesticide concentrations in their products,” said EWG’s Temkin. “Food companies have not been publishing such data, instead relying on generalities,” she said via email.

Persons: ”, Cailin Dendas, “, disheartening, Jane Houlihan, Houlihan, Kale, collard, ” Alexis Temkin, toxicologist, ” Dendas, Jim Watson, Dendas, Sow, General Mills, Archer Daniels, Lamb, Nestlé, Dane Lisser, Shelby Stoolman, EWG’s, Temkin, ” Temkin, “ Steer Organizations: CNN, “ Pesticides, Healthy, “, ”, American Academy of Pediatrics, Environmental, US Environmental Protection Agency, Environmental Protection Agency, US Centers for Disease Control, Getty, Archer Daniels Midland Co, PepsiCo Inc, Conagra Brands Inc, Campbell Soup Company, Lamb Weston Holdings Inc, G Foods Inc, Cargill, Danone S.A, Del Monte Pacific Ltd, General, Inc, Kraft Heinz Company, Mars Incorporated, Mondelēz, Post Holdings Inc, ADM, US Food and Drug Administration Locations: United States, AFP

☆ Heinz’s newest ketchup tastes like pickles
▼ + stars: | 2023-11-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Ketchup and pickles have been a natural combination on a hamburger and hot dogs for decades. Rolling out to grocery store shelves in early 2024, Heinz’s newest flavor of its famous ketchup is called “Pickle Ketchup,” which combines the “tangy and savory flavor” of pickles with the “unmistakable taste” of its ketchup. Heinz’s purple ketchup experiment in 2000 has its own entry in the Museum of Failure. The pickle taste is also subtle enough to combine with others, making it an appealing flavor to experiment with. Through 2027, Kraft Heinz has a goal of bringing in an additional $2 billion in North American retail revenue from innovation.

Persons: Heinz, Velveeta, Mars Wrigley, ”, Katie Peterson, seltzer, it’s, Kraft Heinz Organizations: New, New York CNN, Heinz Innovation, Kraft Heinz Company, Kraft, North Locations: New York

☆ Stocks making the biggest moves premarket: AMD, WeWork, Wayfair, Humana and more
▼ + stars: | 2023-11-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Advanced Micro Devices — The chipmaker dipped more than 1% after issuing softer-than-expected revenue guidance for the fourth quarter. Match Group — The dating service platforms owner shed 8.3% on weaker-than-estimated revenue guidance for the fourth quarter. Wayfair — The online furniture retailer tumbled 12% after third quarter revenue missed analyst expectations. Yum reported $2.91 billion in revenue, while analysts had expected $3.06 billion in revenue, according to estimates from LSEG. Caesars Entertainment – The gaming stock rose 5% before the bell after topping Wall Street's third-quarter earnings expectations.

Persons: General Motors, Wayfair, Goldman Sachs, ZoomInfo, FactSet, Estee Lauder, —, Kraft Heinz, Paycom, Fred Imbert, Alex Harring, Jesse Pound, Samantha Subin, Sarah Min Organizations: Street Journal, Ford, General, Barclays, CVS, Technologies, Humana, Kraft Heinz, FactSet, Yum China, —, Caesars Entertainment, LSEG Locations: Aetna, China, LSEG

☆ Kraft Heinz lifts annual profit target as price hikes boost margin
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

Bottles of Heinz Tomato Ketchup, a brand owned by The Kraft Heinz Company, are seen in a store in Manhattan, New York, U.S., November 11, 2021. REUTERS/Andrew Kelly Acquire Licensing RightsNov 1 (Reuters) - Kraft Heinz (KHC.O) beat Wall Street estimates for third-quarter profit and raised its annual forecast as the Jell-O maker's margins benefited from higher prices of its packaged meals and condiments. Kraft's prices increased by 7.1 percentage points for the quarter, boosting its adjusted gross margin by 396 basis points to 34%. However, the higher prices took a toll on demand from inflation-hit customers, sending Kraft's overall volumes down 5.4 percentage points even as organic net sales grew 1.7%. The Philadelphia Cream Cheese maker forecast full-year adjusted profit in the range of $2.91 to $2.99 per share, compared with its previous range of $2.83 to $2.91.

Persons: Andrew Kelly, Kraft Heinz, General Mills, Savyata Mishra, Mary Manoj, Devika Organizations: The Kraft Heinz Company, REUTERS, Kellogg, Cola, Philadelphia Cream, Thomson Locations: Manhattan , New York, U.S

Just four months after announcing that the hot dog-shaped Wienermobile was changing its name to the Frankmobile, the one-of-a-kind wiener on wheels is reverting to the original. Oscar Mayer announced Wednesday on Instagram that the Frankmobile is toast. The name change announced by The Kraft Heinz Company in May was meant to pay homage to the brand's 100% beef franks and their new recipe. Those who drive the Wienermobile around to promotional events are known as Hotdoggers. Perhaps the most famous Hotdogger is former U.S. House Speaker Paul Ryan, who drove the Wienermobile one summer while in college.

Persons: Oscar Mayer, franks, ” Oscar Mayer, Paul Ryan Organizations: The Kraft Heinz Company, U.S . House Locations: MADISON, Wis, Instagram, Wisconsin, Madison, Chicago, U.S

☆ Ahead of World Refugee Day, dozens of multinationals pledge to hire and train 250,000 refugees in Europe
▼ + stars: | 2023-06-19 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

New York CNN —Just ahead of World Refugee Day, 41 multinational companies on Monday publicly pledged to provide jobs, training and connections to work opportunities for more than 250,000 refugees in Europe. What different companies are doingAmong the companies that are making new pledges this week, many have already been hiring or training refugees in Europe over the past year. ISS, for instance, has already hired 500 refugees in Europe — a majority of them Ukrainian women — since March of last year. Others making hiring commitments include Adidas, Blackstone, BP, Hyatt, Ipsos, L’Oréal Group, Novartis, PepsiCo, Pfizer and The Kraft Heinz Company. The United Nations High Commissioner for Refugees estimates the number of refugees worldwide is now approaching 35 million people, with more than 12 million of them in Europe.

Persons: ”, Margot Slattery, Slattery, Margaritis Schinas, —, Catherine Shoichet Organizations: New, New York CNN, Accenture, Adecco, Cisco, Generali, Marriott International, Microsoft, Starbucks, Tent Partnership, Refugees, ISS, Union, European Commission, Hilton, Marriott, Adidas, Blackstone, BP, Hyatt, L’Oréal, Novartis, PepsiCo, Pfizer, The Kraft Heinz Company, Cisco’s, Tent, United Nations Locations: New York, Europe, Amazon, Hilton, Paris, Ukraine, Ipsos

☆ These are the top 10 holdings of Berkshire Hathaway's $325 billion stock portfolio
▼ + stars: | 2023-05-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

These are the top 10 stocks held in Berkshire Hathaway's $325 billion stock portfolio as of March 31. With various portfolio changes in the first quarter of the year, Berkshire Hathaway's top 10 holdings of US stocks has shifted, though Apple still represents a near 50% of the portfolio. In fact, the top 10 positions in Berkshire Hathaway's portfolio make up a massive 90.2% of its entire portfolio. These are the top 10 stocks held in Berkshire Hathaway's $325 billion US stock portfolio as of March 31. American ExpressCredit cards fill a display at American Express headquarters John Moore/Getty ImagesTicker: AXPPosition: $25.0 billionPercent of portfolio: 7.7%2.

☆ Kraft Heinz wants you to mix flavors in your ketchup
▼ + stars: | 2023-05-17 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

Now, Kraft Heinz wants to do the same for dipping sauces. Kraft Heinz (KHC) plans to start running pilot programs with the product in restaurants from late 2023 into early next year. The Kraft Heinz CompanyThe base options could change over time, a relief for those already worried about the lack of mayo. Through 2027, Kraft Heinz has a goal of an additional $2 billion in North American retail revenue from innovation. “We’re really excited to put consumers in control of that and what we can learn from it.”Lately, Kraft Heinz is all about letting customers mix and match.

☆ Kraft wants to remake the TV dinner
▼ + stars: | 2023-05-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

On Wednesday, Kraft Heinz officially introduced Homebake 425°/:30, the company’s new line of frozen meals. Kraft HeinzFor Kraft, the new brand is part of an effort to increase the company’s net sales by $2 billion through 2027. As part of its earlier turnaround efforts, Kraft Heinz has been trying to reinvigorate decades-old brands like Velveeta and Oscar Mayer. In that time, frozen food prices jumped 16.3%, well above recent annual trends for grocery prices as a whole. In 2020, Kraft Heinz announced that it was divesting its natural cheese business.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Behold the stuffed crust bagel
▼ + stars: | 2023-04-13 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

Now, Philadelphia cream cheese and H&H Bagels, a New York City-based bagel shop, are trying to please the carbohydrate- and dairy-loving communities with a new and dubious spin on the stuffed crust: The bagel stuffed with cream cheese. But unlike stuffed-crust pizzas, the bagel is filled with cheese after it is baked, making it more of a cream cheese bagel donut, if not in spirit then at least in form. What’s so wrong with slicing a bagel and slathering on a healthy amount of cream cheese? New York doesn’t have a specific bagel tax, explained Ryan Cleveland, a representative of the New York State Department of Taxation and Finance. Philadelphia cream cheese, which struggled with shortages in the past, turned that issue into a marketing opportunity as well.

☆ Wall Street luminaries say it's time to get out of the stock market before the Fed crushes the economy
▼ + stars: | 2023-02-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Tuesday's CPI data showed inflation climbed 0.5% in January, slightly higher than expected, and year-over-year it slowed to 6.4%. Prices, it seems, aren't cooling down as smoothly or quickly as anyone wants, especially the Fed. To Kolanovic, a recession is all but guaranteed if the Fed is serious about its 2% inflation target. And like Kolanovic, Morgan Stanley Wealth Management investment chief Lisa Shalett warned that Fed policy is going to pull stocks lower. US stock futures fall early Wednesday, as investors pick over yesterday's CPI inflation report to assess what it means for the Fed.

LONDON, Jan 30 (Reuters) - Incoming Unilever CEO Hein Schumacher gets seasick, according to his former boss at food group Heinz, but that never stopped him joining executive sailing trips and sticking them out. Heinz Company from 2006 to 2013 and was impressed by his leadership skills and business acumen," Peltz said. "Why hire a food exec if you are planning to sell the food business?" "Selling the food business will always be on the cards, but I doubt that it is top priority in the short term." "He's been given a very tough assignment but I have every confidence that if anyone could get Unilever moving in right direction, it's Hein," Johnson said.

☆ Unilever names Dutch dairy boss Schumacher as new CEO
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

Schumacher, 51, joined Unilever in October last year as non-executive director and is currently the chief of Dutch dairy business FrieslandCampina. The London-based company in September said that CEO Jope planned to retire at the end of 2023. Peltz, through his Trian Fund, holds a nearly 1.5% stake in Unilever, making him the fourth largest shareholder, according to Refinitiv Eikon data. Analysts at Jefferies and RBC Capital welcomed Unilever's appointment of an external CEO, saying investors will support the move. "We think Unilever needs a cultural and organisational shake up," RBC analyst James Edwardes Jones wrote in a note.

☆ The company Walgreens uses to target shoppers with ads on digital cooler doors is expanding its screens to more in-store locations
▼ + stars: | 2023-01-17 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Cooler Screens, which provides in-store ad screens on cooler doors, has detailed expansion plans. Cooler Screens, the company that provides "smart" digital advertising screens on refrigerator doors in Kroger, Walgreens, and Circle K locations, said Tuesday that plans are underway to extend its network to more screens at different areas inside stores. Cooler Screens currently offers a digital merchandising platform that brightly displays the products that sit inside a retailer's cooler units and additional advertising space. A slide from a Cooler Screens ad sales pitch deck, showcasing its plans for additional in-store billboards. Cooler Screens has raised more than $100 million in funding from investors including Verizon Ventures, Microsoft's M12 venture fund, and GreatPoint Ventures.

☆ These were Warren Buffett's 10 best performing stocks held by Berkshire Hathaway in 2022
▼ + stars: | 2023-01-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway wasn't immune from the 20% stock market sell-off in 2022. These were Buffett's 10 best performing stocks owned by Berkshire Hathaway in 2022. The worst performing stocks owned by Berkshire Hathaway in 2022 included Nu Holdings and Snowflake, which both sank 57%. These were the 10 best performing stocks owned by Berkshire Hathaway in 2022. The list also includes a Berkshire holding value as of September 30, and is according to data from Whale Wisdom.

☆ Florida woman sues Kraft for $5M, saying Velveeta shells & cheese takes longer to prepare than packaging claims
▼ + stars: | 2022-11-29 | by ( Joseph Lamour | ) www.nbcnews.com time to read: +4 min

On Nov. 18, Florida resident Amanda Ramirez sued the Kraft Heinz Company for at least $5 million over what she claims is deceptive and fraudulent packaging. Ramirez says that since Kraft’s Velveeta Shells & Cheese Microwavable Shell Pasta takes longer than 3-and-a-half minutes to prepare even though its packing states “ready in 3½ minutes,” that constitutes fraud. What the plaintiff focuses on is the fifth instruction, “cheese sauce will thicken upon standing” which they say constitutes a longer “ready” time than the packaging claims. “Consumers seeing ‘ready in 3½ minutes’ will believe it represents the total amount of time it takes to prepare the Product,” the suit reads. “However, the directions outlined above show that 3-and-a-half minutes is just the length of time to complete one of several steps.

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