Morgan Stanley upgrades Kraft Heinz after split announcement, says worst is behind stock

Morgan Stanley upgrades Kraft Heinz after split announcement, says worst is behind stock

Morgan Stanley now sees shares of Kraft Heinz popping 11% from here.

The year’s buzziest deals are corporate breakups

Companies are splitting themselves up to appease frustrated investors

Kraft Heinz splits into two companies - FMCG Business

American multinational Kraft Heinz – the maker of ketchup, macaroni and cheese and other pantry staples – has announced it will split up a decade after its merger created one of the largest food companies in the world. One company will focus on sauces, spreads and seasonings, and retain brands such as Heinz Ketchup, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include Oscar Mayer, Kraft Singles cheese and Lunchables, and will…

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Kraft Heinz split leaves more questions unanswered than resolved

The partitioning of Kraft Heinz evokes thoughts of the separation of Kellogg Co. in 2022-23 and whether the split opens the door to M&A.The post Kraft Heinz split leaves more questions unanswered than resolved appeared first on Just Food.

Morgan Stanley disagrees with Buffett on Kraft Heinz, says split good for KHC stock