Kraft Heinz announced it will sell a majority stake in its coffee business, including brands like Maxwell House, to a private equity group. This move is part of the company's strategy to focus its brand portfolio and use the sale proceeds to reduce debt. The company also stated that its overall turnaround plan is progressing as expected. This sale could help Kraft Heinz strengthen its financial position and streamline operations moving forward.
Kraft Heinz's stock is up 5.51% at USD 25.87 on Pluang, showing strong market interest despite most orders being sell at 91%. The stock holds a dividend yield of 6.53% and a market cap of $29.08 billion. These figures are current as of Nov 05, 2026 02:21 WIB.
