Kraft Heinz Moves Listing to the NYSE

The Kraft Heinz Company is moving its stock listing to the New York Stock Exchange, retaining its ticker KHC without converting any shares. The venue switch comes as management sets aside an earlier corporate separation plan to focus on an operational turnaround.

In September 2025, former CEO Carlos Abrams-Rivera announced a plan to split the business into Global Taste Elevation and North American Grocery by the second half of 2026. On 11 February 2026, new CEO Steve Cahillane paused work on the breakup. The company currently describes the transaction as paused rather than cancelled, listing the uncertain timing as an ongoing risk in its second-quarter 2026 filing.

Management redirected capital into operations, raising incremental brand investment from $600 million to roughly $700 million for 2026. CFO Andre Maciel noted that first-half market share losses narrowed from roughly 90 basis points earlier in 2025 to 30 basis points, and recently to around 20 basis points. Year to date, Heinz worldwide is up 3%, U.S. condiments expanded 3% after previously stagnating, and global away-from-home sales resumed growth. Emerging market revenue rose 10.4% in the second quarter.

Most first-half share losses stemmed from a packaging defect in Oscar Mayer Deli Fresh products. New packaging began shipping in early August to rebuild lost retail distribution. On the balance sheet, Maciel reported paying down $1.9 billion in debt during the quarter and an additional $1 billion after quarter-end, while refinancing an expensive maturity. Free cash flow conversion is guided to approximately 110% for 2026, though a large stake held by Berkshire Hathaway remains an overhang.

Kraft Heinz shares trade at $24.60, up 1.4% year to date but down 71.4% over a ten-year horizon. The company plans an investor day in November 2026 as its next major milestone.