2024-05-17 14:35:00 ET
Summary
- Kraft Heinz shares have tumbled by half over a decade while those of peers Mondelez International and Unilever are up, respectively, by about a third and a half.
- Larding Oscar Mayer with debt equivalent to about 4 times EBITDA to fund half a buyout should make it possible for yet another owner to bring home some bacon.
- Oscar Mayer generated an estimated $3.5 billion of net sales last year and about a 14% EBITDA margin, according to Jefferies analysts.
By Breakingviews
Being an Oscar Mayer wiener no longer guarantees love, as the storied brand’s long-running jingle professed. Multiple owners attest to just how fickle consumers, CEOs and shareholders can be. As Kraft Heinz ( KHC ) explores a sale of the hot dog, bacon, and bologna maker, it offers a glimpse into changing financial tastes....
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Oscar Mayer Offers Peek At How M&A Sausage Is Made