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THE KRAFT HEINZ COMPANY

(KHC)
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Kraft Heinz Outlines 2025 Diversity Plans

10/14/2021 | 05:49am EST

By Michael Dabaie

Kraft Heinz Co. on Thursday outlined its 2025 diversity, inclusion, and belonging aspirations, including expanding the diversity of its supplier partners.

The company said it aims to achieve gender parity within management positions globally by 2025, increasing the representation of women in management from 37% to 50%.

Kraft said it also is working to reach demographic parity in the countries where it operates by 2025. In the U.S., where more than half its employees live, the company said it aspires for people of color to represent 30% of the salaried employee population by 2025, from its current 24%.

Kraft Heinz also unveiled a new supplier diversity program, starting with U.S. businesses that are majority-owned by people of color, women, LGBTQ-plus individuals, people with disabilities, and veterans.

"Such certified businesses will gain access to essential skills, tools, and networks through the program, giving them the opportunity to become Kraft Heinz suppliers. The program initially starts in the United States, with the goal of growing it globally," the company said.

"We want the voices within our company to reflect and represent our consumers as we innovate our products, create our marketing, and partner with customers and suppliers," Kraft Heinz Chief Executive Miguel Patricio said.

The aspirations aim to grow the company's underrepresented employees around the world and foster a more inclusive company culture, Kraft Heinz said. Currently, the Kraft Heinz executive leadership team is 30% women and 80% people of color, while members of the company's board are 18% women and 36% people of color, Kraft Heinz said.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

10-14-21 0749ET

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Analyst Recommendations on THE KRAFT HEINZ COMPANY
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Financials (USD)
Sales 2021 25 951 M - -
Net income 2021 2 749 M - -
Net Debt 2021 19 687 M - -
P/E ratio 2021 17,1x
Yield 2021 4,81%
Capitalization 40 699 M 40 699 M -
EV / Sales 2021 2,33x
EV / Sales 2022 2,42x
Nbr of Employees 38 000
Free-Float 56,2%
Chart THE KRAFT HEINZ COMPANY
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Technical analysis trends THE KRAFT HEINZ COMPANY
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 33,25 $
Average target price 41,42 $
Spread / Average Target 24,6%
EPS Revisions
Managers and Directors
Miguel Patricio Chief Executive Officer & Director
Paulo Basilio Chief Financial Officer
Alexandre Behring da Costa Chairman
Flavio Torres Head-Global Operations
Gregory Edward Abel Independent Director
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