Shares of Kraft Heinz Co (NASDAQ:KHC) ended Wednesday session in green amid volatile trading. The shares closed up +0.79 points or 0.91% at $87.91 with 2.59 million shares getting traded. Post opening the session at $87.26, the shares hit an intraday low of $86.76 and an intraday high of $88.16 and the price vacillated in this range throughout the day. The company has a market cap of $107.23 billion and the numbers of outstanding shares have been calculated to be 1.22 billion shares.
On September 12, 2016 Summer is over, kids are back to school, and parents are looking for convenient, satisfying snacking options for their children. The new Bagel Bites® Mini Bagel Dogs made with Oscar Mayer® hot dogs are the perfect choice for kids and adults to enjoy.
“Bagel Bites Mini Bagel Dogs are a convenient option for busy parents who want to feed their kids a savory snack,” said Mike Betts, brand manager. “We believe in keeping things simple, fun and awesomely delicious.”
Bagel Bites Mini Bagel Dogs are made with 100% all beef hot dogs and no high fructose corn syrup or artificial flavors. The bagel dough is made from scratch every day on site, using high-quality ingredients.
“Bagel Bites are a fun snack with high-quality ingredients you can feel good about eating and sharing with your family. We all know parents are looking for options during the school week, and it helps that a brand kids love like Bagel Bites is delivering those options,” said Betts.
Shares of Molson Coors Brewing Co (NYSE:TAP) ended Wednesday session in green amid volatile trading. The shares closed up +2.95 points or 2.89% at $105.15 with 2.08 million shares getting traded. Post opening the session at $103.22, the shares hit an intraday low of $102.92 and an intraday high of $105.36 and the price vacillated in this range throughout the day. The company has a market cap of $22.51 billion and the numbers of outstanding shares have been calculated to be 193.92 million shares.
Molson Coors Brewing Co (TAP) on August 2, 2016 reported U.S. GAAP net income from continuing operations attributable to MCBC of $174.1 million, a 24.1 percent decrease versus a year ago, primarily due to non-cash special charges and other non-core costs related to our pending MillerCoors acquisition; alcohol prohibition in Bihar, India; and planned brewery closures, along with significantly higher sales and marketing expenses in the quarter. The Company also reported a 9.2 percent decrease in underlying after-tax income for the second quarter 2016, driven by lower worldwide volume, higher brand investments, and negative foreign currency movements, which were partially offset by positive mix, lower underlying net interest expense and higher underlying U.S. equity income.
Molson Coors president and chief executive officer Mark Hunter said, “In the second quarter, we continued to focus on our First Choice ambition and on building a stronger, broader and more premium brand portfolio, underpinned by incremental sales and marketing investments, as we discussed on our first quarter earnings call. Progress in the quarter included net sales revenue per hectoliter growth on a constant currency basis in all of our businesses, strong Coors Light growth globally, improved core brand momentum, fast-growing innovations in key markets, and strong above-premium growth globally. We significantly increased investments behind our brands, although the timing of shipments and other short-term factors held back bottom-line performance in the quarter. In brands, Coors Light grew volume more than 4 percent globally — including strong double-digit growth in Europe and Latin America — and low single-digit growth in the U.S., its best performance here in nearly three years. As a testament to our First Choice approach, MillerCoors achieved for the first time in its history, the number-one position in the Tamarron Supplier Survey, which polls hundreds of U.S. distributors across all alcohol beverage suppliers.”