The Kraft Heinz Company (NASDAQ:KHC) is one of the best undervalued stocks under $50 to invest in now. The Kraft Heinz Company (NASDAQ:KHC) announced on March 18 a five-year global partnership with the National Football League, making it the first-ever global condiment partner of the NFL. Management stated that the partnership aims to unlock premium stadium and gameday visibility, limited-edition packaging, integrated co-branded marketing, and immersive retail activities.
The Kraft Heinz Company further stated that the partnership accelerates the NFL’s continued international expansion, with The Kraft Heinz Company attaining access to select overseas games.
Reuters also reported on March 18 that The Kraft Heinz Company and Unilever were recently in talks over a potential merger of parts of their food businesses, according to a report by the Financial Times. However, it said that the discussions, which spanned around combining The Kraft Heinz Company’s condiments and Unilever’s food division business, have since ended. It added that both companies declined Reuters’ request for a comment.
The Kraft Heinz Company manufactures and distributes packaged food and beverages worldwide. Its offerings include cheese and dairy products, meals, tomato products, condiments, meats, sauces, refreshment beverages, and more. Its geographical segments of operation include North America and International Developed Markets.
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