DOCSLIB.ORG

With the Kraft Heinz Company (KHC)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
With the Kraft Heinz Company (KHC) September 1, 2016 PORTFOLIO REVIEW We are replacing Agrium Inc. (AGU) with The Kraft Heinz Company (KHC). Kraft Heinz is a producer of processed food and beverages with well-known brand names. Just over a year ago, the two successful companies, Kraft Foods and H.J. Heinz, announced a merger to combine some of the most iconic brands in the packaged foods industry. The deal was overseen and partly financed by the activist investor group Berkshire Hathaway. The company is currently not included in any of Sabrient’s UIT portfolios. The Kraft Heinz merger that brought together brand names such as Oscar Mayer, Velveeta, Jell-O, Philadelphia, Planters, Maxwell House, and Grey Poupon, is expected to produce large cost-saving synergies that should benefit the company moving forward. KHC believes that it will be able to improve efficiency throughout its supply chain, consolidate management centers, and streamline its corporate structure. The company’s target is reach $1.5 billion in cost savings within the first three years. If costs can be reduced by this magnitude, the company should experience a significant boost to its bottom line. So far, the company appears to be on track to attain its goals as the company has announced earnings that have beat consensus analyst estimates by an average of 15.5% over the last three quarters. Each announcement was received positively by the market, as the company’s stock increased noticeably the day following the results. If the company can continue to produce results above expectations and stay on track to meet management’s goals, then shareholders should be rewarded over the long term. KHC is currently undervalued based on its expected growth over the next year. The stock is fairly valued when compared to the consumer non-cyclicals sector, while providing significantly more bottom line growth. When compared to the S&P 500, KHC has a price-to- earnings ratio of 24.0 compared to an average of 22.3 for the S&P 500. It is common for companies in KHC’s sector to trade at a slight premium to the overall market based on the relative reliability of demand for its goods. The sector is currently priced at an average of 24.5x next 12 months’ earnings. KHC’s projected EPS growth rate of 39.0% over the next year is greater than the S&P 500’s projected growth rate of 13.4% and the 8.1% for the average consumer non-cyclicals company over the same period. EXIT (SELL) Agrium Inc. (AGU) BUY The Kraft Heinz Company (KHC) Market Cap: Large Sector: Consumer Non-Cyclicals Industry: Food Beverages Dividend Yield: 2.7% Forward P/E Ratio (Next 12 months): 24.0 Price When Picked: $89.48 (closing price on 9/1/16) BUSINESS SUMMARY The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and rest of world. The company’s products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, snack nuts, dressings, packaged dinners, infant/nutrition products, and other grocery products. It offers its products under various brand names, including Kraft, Oscar Mayer, Heinz, Planters, Velveeta, Philadelphia, Lunchables, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, Tassimo, Plasmon, Lea & Perrins, ABC, Master, Quero, Golden Circle, Wattie's, and Complan. The Kraft Heinz Company sells its products 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, hotels, restaurants, hospitals, health care facilities, and certain government agencies, as well as through its own sales organizations. 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 2013 and is headquartered in Pittsburgh, Pennsylvania. Full disclosure: Sabrient produces portfolios for UITs and indices that are tracked by ETFs. At any given time, we may have 800 of our top-ranked stocks in one or more of these portfolios. Some of the stocks selected for the Earnings Busters portfolio may also be in one or more of our UITs or indices portfolios. We will try to point out when a recommended stock is in one of our UITs or indices. Editor's Note: The Sabrient Earnings Busters newsletter is written by Daniel Vickers, analyst at Sabrient. Daniel also assists in the selection of stocks and maintenance of the portfolio. He can be reached at [email protected] Disclaimer: This newsletter is published solely for informational purposes and is not to be construed as advice or a recommendation to specific individuals. Individuals should take into account their own financial circumstances in acting on any stock selection made by Sabrient. Sabrient makes no representations that the techniques used in these reports will result in or guarantee profits in trading. Trading involves risk, including possible loss of principal and other losses, and past performance is no indication of future results. .
Load more

Recommended publications
  • Product List FOODLINK AUSTRALIA PTY LTD ABN 86132703229 Also Trading As Demcos Seafood 3 the Crescent KINGSGROVE NSW 2208 Phone No
    Product List FOODLINK AUSTRALIA PTY LTD ABN 86132703229 Also trading as Demcos Seafood 3 The Crescent KINGSGROVE NSW 2208 Phone No. 02 9666 4818 Fax: 02 9666 4640 Email [email protected] Website www.foodlinkaustralia.com.au All Prices are Shown ex GST Items Marked "*" indicate Random Weight As of 13. December 2017 No. Description Zone UOM Disc. % GST Bakery Speciality Chocolate 100752 COCOA POWDER 1KG (Natures Secret) Dry (General) EA CTN (12) 103227 COCOA POWDER BULK 25KG (Natures Secret) Dry (General) EA 100753 COCOA POWDER DUTCH 1KG (Natures Secret) Dry (General) EA CTN (12) Choclate Cooking Compound 103642 CARAMEL FUDGE SAUCE 1.89L (Monin) Dry (General) EA CTN (4) 100703 CHOC FUDGE A10 (IXL) Dry (General) EA CTN (3) 100708 CHOC SPRINKLES 735GM (Masterfoods) Dry (General) EA CTN (6) 104138 TABASCO CHIPOTLE 1.89L (Tabasco) Dry (General) EA CTN (2) 104137 TABASCO GREEN 1.89L (Tabasco) Dry (General) EA CTN (2) 104135 TABASCO RED 1.89L (Tabasco) Dry (General) EA CTN (2) Custard / Custard Powder 100934 CUSTARD POWDER 3KG 6X500GM (Bingo) Dry (General) EA CTN (6) 100935 CUSTARD POWDER 5KG (Sunshine) Dry (General) EA Essences / Vanilla Bean 103463 ALMOND ESSENCE 50ML (Aeroplane) Dry (General) EA CTN (6) 101344 IMITATION VANILLA ESSENCE 575ML (Aeroplane) Dry (General) EA CTN (12) 101492 LEMON MYRTLE 160GM (Vic Cherikoff) Dry (General) EA CTN (6) 101493 LEMON MYRTLE 705GM (Masterfoods) Dry (General) EA CTN (6) 101889 ORANGE ESSENCE QUEEN 100ML () Dry (General) EA CTN (6) 101932 PARISIAN ESSENCE 2LT (Aeroplane) Dry (General) EA
    [Show full text]
  • Whitsunday Foodservice - Wholesale Price List
    WHITSUNDAY FOODSERVICE - WHOLESALE PRICE LIST TABLE OF CONTENTS ****M CreatedCONTENTS by SA update 5 ****O OTHER CHARGES 5 ANTI Antipasto 5 ASIAN Asian Ingredients 6 ASIAS Asian Sauces 8 BAIT Bait 9 BAKER Bakery 9 BAKRD Bakery Dry 10 BEV Beverage 12 BEVCA Beverage Carbonated 12 BISC Biscuits 13 BISCS Biscuits Savoury 14 BISFR Biscuits RTB Frozen 14 BRFRE Bread 15 BRFRO Breads Frozen 16 BRFRS Breads Frz Specialty 17 BRFRT Bread Frzn Tortillas 17 BUTTE Butter Margarine 17 CAKES Cakes 17 CAKFI Cakes Fresh - Indv 17 CAKFW Cakes Fresh - Whole 18 CAKMU Cakes - Muffins Frz 18 CAKPC Cakes - Portions Frz 18 CAKSC Cakes - Cookies Frz 19 CAKTR Cakes - Trays Frz 19 CAKWH Cakes - Whole Frz 19 CANFR Canned Fruit 20 CANTO Canned Tomatoes 21 CER Cereal - Foodservice 21 CERPC Cereal - Portions 21 CHBLU Cheese Blue 22 CHCRE Cream Cheese 22 CHEWR Cheese Washed Rind 22 CHFOO Cheddar Foodservice 22 CHFRE Cheese 22 CHMOZ Mozzarella/Pizza Ch 23 CHPAR Cheese Parmesan 23 CHPOR Cheese Portion 23 CHSPE Cheddar Specialty 23 CHSWI Swiss Cheese 23 CHWMO Cheese White Mould 24 CHZIP Chips 24 CINGR Canned Ingredients 24 CIVEG Canned Ingred Vege 25 CKRTC Chickn Heat & Serve 25 CLEAN Cleaning Products 26 COFCO Coffee/Cocktail Syrp 26 COFFE Coffee Miscellaneous 27 COFFL Coffee Lavazza 28 COFFV Coffee Vittoria 28 CONDI Condiments 29 CONF Confectionary Bars 29 CONFM Confectionary Misc 29 CONV Potato Chips & Nuts 30 COOKC Cooking Chocolate 31 CRCHE Cream Cheese 31 CREAM Cream 31 CUSTD Custard 31 DIPS Dips 31 EGGS Eggs 32 FF/FR Finger Food Frozen 32 FFCHI Frozen Chicken 33
    [Show full text]
  • Heinz Reports Double-Digit EPS Growth to $0.90 from Continuing Opera
    Heinz Reports Double-Digit EPS Growth to $0.90 from Continuing Opera... http://news.heinz.com/print/node/802 Published on Heinz Online Newsroom (http://news.heinz.com) on 11/20/2012 Release Date: Tuesday, November 20, 2012 7:06 am EST Terms: Finance [1] General [2] Dateline City: PITTSBURGH th WorldReginfo - 2247fb89-1fa3-4f7f-80dc-05d11f877299 1 of 13 12/20/2012 11:31 AM Heinz Reports Double-Digit EPS Growth to $0.90 from Continuing Opera... http://news.heinz.com/print/node/802 PITTSBURGH--(BUSINESS WIRE [3])--H.J. Heinz Company (NYSE:HNZ) today reported solid second-quarter results, with growth of 11.1% in earnings per share from continuing operations (excluding charges for productivity initiatives in Fiscal 2012). The results were fueled by dynamic growth in Emerging Markets, continued growth in Global Ketchup and the Company's Top 15 Brands, and a favorable tax rate. This enabled Heinz to significantly increase investment in marketing and global capabilities to drive future growth. “Heinz delivered solid results while making significant investments in our businesses and brands to drive growth,” said Chairman, President and CEO William R. Johnson. “Notably, Heinz delivered its 30th consecutive quarter of organic sales growth, led by our trio of growth engines: Emerging Markets, Global Ketchup and the Company's Top 15 Brands.” Second-Quarter Results - Continuing Operations In the second quarter ended October 28, 2012, reported sales increased 0.5% to $2.83 billion, with unfavorable foreign currency impacting sales by 2.4%. Net pricing increased 1.9% and volume grew 1.4%. Divestitures reduced total sales by 0.4%.
    [Show full text]
  • Product Guide 8-3-16
    UNITS / UNIT CASE PRODUCT# PRODUCT DESCRIPTION CATEGORY CASE PRICE PRICE ALO Alo Exposed Original + Honey Bottles 12/16.9 Oz 1 $29.95 $29.95 BEVERAGES: BOTTLES & CANS PUN Hawaiian Punch Fruit Juicy Red Cans 24/12 Oz 1 $16.19 $16.19 BEVERAGES: BOTTLES & CANS HUBSL Hubert'S Strawberry Lemonade Bottles 12/16 Oz 1 $41.95 $41.95 BEVERAGES: BOTTLES & CANS MML Minute Maid Lemonade Cans 24/12 Oz 1 $16.19 $16.19 BEVERAGES: BOTTLES & CANS MMLL Minute Maid Light Lemonade Cans 24/12 Oz 1 $16.19 $16.19 BEVERAGES: BOTTLES & CANS OVPFC Organic Valley Organic Fuel Chocolate Bottles 12/11 Oz 1 $72.66 $72.66 BEVERAGES: BOTTLES & CANS OVPF Organic Valley Organic Fuel Vanilla Bottles 12/11 Oz 1 $72.66 $72.66 BEVERAGES: BOTTLES & CANS PURITYL Purity Lemonade Organic Juice Drink Bottles 12/16.9 Oz 1 $36.00 $36.00 BEVERAGES: BOTTLES & CANS YHO Yoo-Hoo Chocolate Drink Cans 24/11 Oz 1 $18.25 $18.25 BEVERAGES: BOTTLES & CANS BUSTCL Café Bustelo Cool Café Con Leche Cans 12/8 Oz 1 $26.95 $26.95 BEVERAGES: BOTTLES & CANS - COFFEE-BASED DRINKS BUSTCC Café Bustelo Cool Café Mocha Con Chocolate Cans 12/8 Oz 1 $26.95 $26.95 BEVERAGES: BOTTLES & CANS - COFFEE-BASED DRINKS ILLYC Illy Issimo Cappuccino Coffee Drink 12/11.5 Oz 1 $38.48 $38.48 BEVERAGES: BOTTLES & CANS - COFFEE-BASED DRINKS STARBC Starbucks Coffee Frappuccino Drink Bottles 12/9.5 Oz 1 $44.85 $44.85 BEVERAGES: BOTTLES & CANS - COFFEE-BASED DRINKS SNDS Starbucks Doubleshot Espresso Drink Cans 12/6.5 Oz 1 $43.95 $43.95 BEVERAGES: BOTTLES & CANS - COFFEE-BASED DRINKS STARB Starbucks Mocha Frappuccino Drink Bottles
    [Show full text]
  • The History of Kraft Foods Inc
    The History of Kraft Foods Inc. All About Kraft Learn everything there is to know about Kraft: like who we are, how you can reach us and what we’re doing in your community. Kraft Foods Inc. is a company with many different roots and founders, all sharing a commitment to quality, a willingness to take risks and a spirit of innovation. Among the products now sold by Kraft Foods Inc. are so many “firsts” and innovations that a history of the company is almost a history of the food industry. Kraft traces its history to three of the most successful food entrepreneurs of the late 19th and early 20th centuries — J.L. Kraft, who started his cheese business in 1903; C.W. Post, who founded Postum Cereal Company (later renamed General Foods Corporation) in 1895; and Oscar Mayer, who began his meat business in 1883. The Story of J.L. Kraft The history of KRAFT goes back to 1903, when, with $65 in capital, a rented wagon and a horse named Paddy, J.L. Kraft started purchasing cheese at Chicago’s Water Street wholesale market and reselling it to local merchants. Within a short time, four of J.L. Kraft’s brothers joined him in the business, and, in 1909, they incorporated as J.L. Kraft & Bros. Co. In 1914, J.L. Kraft and his brothers purchased their first cheese factory in Stockton, Illinois. In 1915, they began producing processed cheese in 3-1/2 and 7-3/4 ounce tins. J.L. Kraft’s method of producing processed cheese was so revolutionary, in 1916 he obtained a patent for it and in 1917 the company started supplying cheese in tins to the U.S.
    [Show full text]
  • R E C I P E G U... INSPIRED by NEW GREY POUPON ROUGE Dijon
    RECIPE GUIDE INSPIRED BY NEW GREY POUPON ROUGE Dijon Mustard CREATE DISHES WITH GREY POUPON ROUGE features a bold blend of flavors that can elevate your entire menu. The full-bodied elegance of Cabernet Sauvignon and opulent notes of real Marion blackberries combine with invigorating spices for an intensely strong finish. A POWERFUL FUSION OF SWEET AND SAVORY. The complex flavor in these recipes will help you capitalize on the flavor pairings trend and attract new business—including the highly coveted Millennials who actively seek new flavors when dining out.1 1 Mintel, Innovation on the Menu: Flavor Trends, 2012 Click photo to view recipe. GREY POUPON ROUGE Steak Skewers with Spinach Salad with GREY POUPON ROUGE Mixed Chill & Grill Salad Braised Cabbage BBQ Chicken Wings GREY POUPON ROUGE Toasted Goat Cheese & Brussels Sprouts GREY POUPON ROUGE Mayo GREY POUPON ROUGE Topper Dressing Roast Beef Sandwiche with Ham & Fried Egg Panini Big Red Cedar-Roasted Sage Pretzel-Crusted Seared Beef Tenderloin Cheese & GREY POUPON with GREY POUPON ROUGE Italian Sandwich Salmon with Maple GREY GREY POUPON ROUGE with GREY POUPON ROUGE ROUGE Mustard Mayo POUPON ROUGE Glaze Pork Chop Butter & Mushroom Sauce GREY POUPON ROUGE BBQ YIELD 4 SERVINGS, 6 pieces each INGREDIENTS WEIGHTS MEASURES Chicken wings 1.5 lbs. 24 each Canola oil — 2 tsp. GREY POUPON ROUGE Dijon Mustard 6.4 oz. 3/4 cup KRAFT Original Barbecue Sauce 5 oz. 1/2 cup DIRECTIONS TOSS wings in oil. Grill on high heat 10 to 15 min., turning frequently until golden brown on both sides. Transfer to parchment paper–lined sheet pan.
    [Show full text]
  • Butcher Quality Meats at a Great Price! $799
    Sale Dates Sun. Jan. 31st through Sat. Feb. 6th Check inside the store 8370 Pelham, Taylor (Across from Champaign Park) for more specials! 313-291-0720 Store Hours: Now Hiring for all positions. Monday thru Saturday Full-time & Part-time, must apply in person. 8:00 am to 9:00 pm. Sunday 8:00 am - 8:00 pm No phone calls please. Visit Our Website www.SavelandSupermarket.com FEATURED FEATURED FEATURED Fresh All Natural Fresh All Natural (Family Pack) Perfect for the Chicken Leg Quarters Pork Baby Back Ribs (Family Pack) Chicken Drumsticks Big Game! or Thighs ¢ $ 99 ¢(Family Pack) 2 LB. 69 LB. 79 LB. Butcher Quality Meats at a Great Price! Our Family USDA Choice Sliced Bacon Boneless New York Original or Thick Cut Strip Steaks $ 99 (12 oz.) $ 99 (Family Pack) 1 7 LB. Curly's Fresh Grind Daily! Ground Beef from Hamburger BBQ Meat (16 oz.) Assorted Variety or Sauceless Hickory Smoked Pork (12 oz.) $ 39 $ 79 2 LB. (Family Pack) 3 - Limit 2 packs - Eckrich Johnsonville Smoked or Polish Sausage, - Original Brats or Italian Sausage (16 - 19 oz.) Grillers or Lil' Smokies - Flame Grilled (14 oz.) - or Sausage Strips (12 oz.) Assorted Variety (10 - 14 oz.) 2/$500 $399 - Beef Not Included - Produce Deli Healthy One's Oven Roasted or Mandarins or Haas Avocados Honey Smoked Turkey Breast Cara Cara Oranges 5/$ 00 $ 99 5 LB. $ 88 5 3 Polka Brand Ham EA. $ 99 3 LB. (3 lb. bag) Lipari Yellow or White American Cheese Extra Large Idaho Russet Potatoes $ 99 4 LB. Green Peppers 2/$ 00 ¢ 4 Lipari Old Tyme Spinach Dip 88 LB.
    [Show full text]
  • The Kraft Heinz Company (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 30, 2018 The Kraft Heinz Company (Exact name of registrant as specified in its charter) Commission File Number: 001-37482 Delaware 46-2078182 (State or other jurisdiction (IRS Employer of incorporation) Identification No.) One PPG Place, Pittsburgh, Pennsylvania 15222 (Address of principal executive offices, including zip code) (412) 456-5700 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (§230.405 of this chapter) or Rule 12b-2 of the Exchange Act (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
    [Show full text]
  • Kraft Heinz Is Dedicated Table of Contents Heinz Ketchup
    www.kraftheinz-foodservice.com Kraft Heinz is Dedicated Table of Contents Heinz Ketchup ........................................3 to child nutrition Prepared Tomatoes & Sauces..................4 Barbecue & Wing Sauce .........................5 Mayonnaise........................................... 6 Dispenser Condiments...........................7 Students are Saucy Sauce Mix-up Menu ....................8 More Portion Control & Dip Cups ...... 9-10 Gettinginterested students involved Portion Control Dressings........................11 inwith food!cooking activities at home makes them want Bulk Dressings .....................................12 to customize their choices Philadelphia Cream Cheese...................13 at school! Center of the Plate, Soup & Sides ........14 Beverages, Puddings & Jell-O .............15 Kraft Heinz Supports .............................16 Farm to School Initiatives CUSTOMiZABLE Create menus so students MEALcan customize OPTIONS their lunch tray. Students Want To Be Part Of It! Form a lunch committee for menu feedback. www.kraftheinz-foodservice.com 2 * Ketchup As America’s Favorite Ketchup®, we know that the best ketchup must come from the best tomatoes. That's why every red ripe tomato that's used in HEINZ Ketchup is grown only from HEINZ Seeds. It’s what gives HEINZ Ketchup the thick, rich flavor children love. Every item on this page meets the USDA Processed Food Standards GTIN Dist. Code Description Pack Size / Format Features PORTION CONTROL 10013000984802 HEINZ Ketchup 1000 x 9 g Sachet –– 10013000556009
    [Show full text]
  • 2005 Annual Report
    Kraft Foods Inc. One sip, one snack, one meal... one delicious moment at a time. 2005 Annual Report Kraft Foods Inc. 2005 Annual Report While Kraft is the world’s second-largest food and beverage company, we know that what matters most are the individual moments each of our consumers shares with our brands. That’s why consumers are the focus of everything we do. Whether they are connecting over coffee with friends, or enjoying a family meal or treat at the end of the day, we win when we make those moments a bit tastier, easier or better-for-them. Hundreds of millions of times a day, around the world, we’re helping people eat and live better. The Brands The World Loves Snacks Crunchy, sweet, savory, satisfying. Whatever the flavor, consumers hunger for great-tasting snacks that are delicious, convenient and increasingly more nutritious. In the snacks sector, Kraft’s key brands include Milka, Planters, Oreo, Ritz, Chips Ahoy!, Trakinas, Wheat Thins and Côte d’Or. Beverages Around the world, Kraft offers an array of beverage choices to quench every thirst – from refreshment to nutrition to relaxation. In the beverages sector, our key brands include Carte Noire, Gevalia, Jacobs, Maxwell House, Capri Sun, Kool-Aid, Tang and Clight. Cheese & Dairy At breakfast, dinner and every eating occasion in between, cheese and dairy products are an important and delicious part of consumers’ diets around the world. In the cheese & dairy sector, Kraft’s key brands include Kraft, Philadelphia, Velveeta, Cracker Barrel, Breakstone’s and Dairylea. Grocery Whether it’s a salad dressing, breakfast cereal, dessert or condiment, Kraft has the grocery brands that feature prominently in consumers’ shopping baskets.
    [Show full text]
  • Kraft Employee Retention Agreement Audit
    Kraft Employee Retention Agreement March 18, 2019 Report 201901 City Auditor: Jed Johnson, CIA, CGAP Major Contributor: Ashvi Patel Contents Executive Summary ............................................................................................................................. 1 Authorization .......................................................................................................................................... 1 Objective(s) ............................................................................................................................................. 1 Scope and Methodology ..................................................................................................................... 1 Background ............................................................................................................................................. 2 Executive Summary This audit provides a reasonable assurance that the Kraft Heinz Company (Kraft) is in compliance with the Second Amended Economic Development Agreement dated June 25, 2014. However, recommendation made by Internal Audit (IA) in previous years to define "full-time" in the agreement has not yet been implemented. Authorization This audit was conducted under the authority of Article IV, Section 8 of the Garland City Charter and in accordance with the Annual Audit Plan approved by the Garland City Council. Objective(s) The objective of this audit is to evaluate Kraft’s compliance with the Economic Development Agreement regarding Kraft’s employment
    [Show full text]
  • Flavors for Any Time of Day
    FLAVORS FOR ANY TIME OF DAY www.kraftheinz-foodservice.com Delight customers with brands they Love. Whether it's bold flavors in the morning or sweet treats in the afternoon, today's customers are seeking convenient options throughout the day. Condiments and sauces from Kraft Heinz let you easily capitalize on the increasing trend of eating on the go. Ketchup 3-4 Portion Control & Table Top 3 Bulk & Dispenser 4 Mustard 5 Steak & Meat Sauce 6 BBQ Sauce 7 Hot Sauce, Taco Sauce & Salsa 8 Mayonnaise 9-10 Portion Control & Table Top 9 TM eastern sun Bulk & Dispenser 10 Dressings 11-14 Portion Control 11-12 DIRECTORY Bulk 13-14 Breakfast 15-16 Jam & Jelly 15 ® Syrup 16 Other 16 Vinegar 17 Pickles, Relish & Garnish 18 Other Sauces 19-20 www.kraftheinz-foodservice.com KETCHUP (PORTION CONTROL & TABLE TOP) Brand GTIN Product SKU Format Description Unit Size Case Pack SH 10013000556009 130005560000 Portion Control SIMPLY HEINZ Ketchup Packets 9 gm. 1000 HZ 10013000512159 130005121500 Portion Control HEINZ Ketchup Packets 7 gm. 750 HZ 10013000984901 130009849000 Portion Control HEINZ Ketchup Packets 7 gm. 1000 HZ 10013000983201 130009832000 Portion Control HEINZ Ketchup Packets 9 gm. 200 HZ 10013000980101 130009801000 Portion Control HEINZ Ketchup Packets 9 gm. 500 HZ 10013000565001 130005650000 Portion Control HEINZ Low Sodium Ketchup Packets 9 gm. 1000 HZ 10013000984802 130009848000 Portion Control HEINZ Ketchup Packets 9 gm. 1000 HZ 10013000513408 130005134000 Portion Control HEINZ Ketchup Packets 9 gm. 1500 HZ 10013000003084 130000030800 Portion Control HEINZ DIP & SQUEEZE Ketchup Packets 27 gm. 500 HZ 10013000534625 130005346200 Portion Control HEINZ Ketchup Packets 1.25 oz.
    [Show full text]