Kraft Heinz Announces Stock Listing Move from Nasdaq to NYSE on September 14
Kraft Heinz Company (KHC) is transitioning the listing of its stock from the Nasdaq to the New York Stock Exchange, effective Monday, September 14. The move marks a strategic shift for the company as it enters what CEO Steve Cahillane calls 'its next chapter.' Kraft Heinz has been listed on the Nasdaq since 2015 following the merger of Kraft Foods and H.J. Heinz. KHC stock has faced challenges in recent months, with shares down nearly 9.9% over the past year and currently trading below its July high. Despite some short-term gains, including a 3.1% rise over three months, momentum has weakened recently due to volume declines, softer guidance, and reinvestment priorities affecting near-term earnings. The stock is considered reasonably valued with a forward P/E of 12.08 compared to the sector average of 15.27. KHC also offers an attractive dividend yield of 6.32%, supported by consistent quarterly payouts for over a decade, making it appealing to income-focused investors.
Tickers: $KHC
Topics: Kraft Heinz Nasdaq to NYSE migration NYSE listing change