The supply chain to Kraft and Heinz increased in marked ways this past quarter. It may very well be because of Trump's tariffs and where these items are purchased. The best venue at this point is for Kraft Heinz to develop their own supply chain within the USA.
If this is happening to Kraft, what is happening elsewhere on Wall Street?
George Soros does a lot of international charity work. If his investments sour because of Trump's tariffs, the international community will be effected.
February 21, 2019
By Tara Lachapelle
Kraft Heinz Co.’s facade is beginning to crack.' (click here)
After the close of trading Thursday, the packaged-food company delivered a triple whammy to investors: It said it took a $15.4 billion writedown in the fourth quarter. It also said it had received a subpoena from the Securities and Exchange Commission associated with an investigation into its “accounting policies, procedures, and internal controls” regarding procurement agreements. And the company cut its quarterly dividend by 36 percent. The stock sold off more than 17 percent as of 6 p.m. New York time.
Kraft Heinz said the impairment charge was related primarily to its U.S. refrigerated-foods and Canadian retail divisions, as well as trademarks for its Kraft and Oscar Mayer brands — two of the company’s biggest moneymakers. While all the old guards of the supermarket aisles are struggling as consumers opt for fresher, less-processed and more on-the-go food items from upstart businesses, Kraft Heinz’s writedown may also speak to underinvestment in its brands. As for the SEC probe, the disclosure doesn’t necessarily signal wrongdoing or the need for significant financial revisions, but it does further sully the image of a company that already didn’t sit well with some investors. (The company said its own investigation into the matter determined that the necessary adjustments weren’t material to previous results and that it doesn’t expect them to be in the future.)...
