Heinz Needs Management to be Spiced Up (HNZ)

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Includes: CPB, HRL, K, KHC, MDLZ
by: Rick Konrad, CFA

There was some speculation recently that Nelson Peltz was undertaking an activist role with H.J. Heinz Company (HNZ). As of today, no 13-D or proxy statement opposing management has appeared.

This follows a few days of considerable activity in HNZ options. Let’s look at the Heinz business.

No question that this is a collection of brand “icons.