Monday, July 9, 2012
HJ Heinz Company: $HNZ Cash Flow Valuation Update
Current Price: ~ $54/share
Projected Yield: ~ 3.76%
Since its founding more than 110 years ago, H.J. Heinz has grown into a globally diversified manufacturer and marketer of packaged foods, selling through grocery stores, convenience stores, and food-service distributors. Its products include ketchup, condiments, sauces, frozen food, soups, beans, pasta meals, infant nutrition, and others; its namesake brand accounts for about 40% of annual sales. International sales account for 60% of the firm's consolidated total.