H.J. Heinz Co. on Tuesday posted a 23 percent drop in net profit

yahoo news ^ | Feb 28,2006

[wildehunt]

Generic ketchup is not so bad.

[moose2004]

I can't stand Tereza, but I love the ketchup.

[brainstem223]

I look at buyblue.org and do opposite to avoid trading with the enemy... Shows what businesses are cozy with the demonrats; and the rats are the domestic enemies of this [once great] republic. t

[sausageseller]

Yes I buy their products. They are on many grocery store shelves here. Indiana grown tomato products by Red Gold.

They have an outlet store about 40 miles from my house. When ever I go through there I stock up!

[gondramB]

"How about this thread were they paid Kofi to come to Pittsburg to bash President Bush?

http://www.freerepublic.com/focus/f-news/1113704/posts"

Heinz makes a nutritional supplement and sells a bunch of it to the U.N. - they also donate some to the U.N. and gave Kofi Anan some kind of award.

Sounds like smart American business - there is a limit to how much Ketchup you can sell in the u.S.

[gondramB]

"I can't stand Tereza, but I love the ketchup."

Well then don't feel guilty... she doesn't own enough stock to even show up on the list.

http://finance.yahoo.com/q?s=HNZ

[sausageseller]

So smart they sold that NONPROFIT part of their business off! LOL

[gondramB]

"So smart they sold that NONPROFIT part of their business off! LOL"

I don't think it was a non-profit... it was part of the European holdings they sold to get back to their core business.

The market likes this move ..that's why the stock is up. I don't get why everybody is so anxious to hate this company.

[moose2004]

Thanks, that makes me feel better.

[sausageseller]

One of the Heinz boys posts at DU.

They have ruined their fathers name.

I have seen it stated TH Kerry owns 4%, So a severe stock drop would cost her millions.

[sausageseller]

I think they sold to make the company less attractive to a proxy fight with Peltz. The management is trying to save their jobs.

[gondramB]

"I think they sold to make the company less attractive to a proxy fight with Peltz. The management is trying to save their jobs.":

That would make sense.

[gondramB]

"One of the Heinz boys posts at DU.

They have ruined their fathers name.

I have seen it stated TH Kerry owns 4%, So a severe stock drop would cost her millions."

Well that's a shame that he would harm the company and the family name.

But I am nearly positive that TH Kerry doesn't own even 1%.

There are 334 million shares. One percent would be 3 million shares.

From the list of major holders she would have to own at 50,000 shares to be listed and she is not listed.

JOHNSON, WILLIAM R. 608,883 9-Feb-06
JOHNSON, WILLIAM R. 572,513 20-Apr-05
BERGER, JEFFREY PAUL 242,848 21-Jul-05
BERTASSO, MICHAEL J. 107,884 1-Jun-04
JIMENEZ, JOSEPH 82,829 17-May-05

if she held the maximum shares to still not be listed (49,999 shares) that would be .0001 of the company.

By contrast, 68% of the shares are owned by banks and mutual funds.

http://finance.yahoo.com/q/mh?s=HNZ

[sausageseller]

I think hers are owned by trusts. So her name would not appear. I will do a little research to find out.

[sausageseller]

From fact check .org: The Heinz company said in a recent public statement that she currently controls less than 4% of the company's stock.

SS. I would like to see how much stock the foundations control, to see how much influence she has there.

[gondramB]

"SS. I would like to see how much stock the foundations control, to see how much influence she has there."

that Yahoo link above has a list of the institutional investers.

These are the institutions that are not mutual funds. If THK owns part of one of these it is not clear from the name....

BARCLAYS BANK PLC 11,945,219 3.57 $436,478,302 30-Sep-05
FRANKLIN RESOURCES, INC 10,428,937 3.12 $351,663,755 31-Dec-05
STATE STREET CORPORATION 9,817,555 2.93 $331,047,954 31-Dec-05
Mellon Financial Corporation 8,668,421 2.59 $292,299,156 31-Dec-05
LORD ABBETT & CO 7,802,151 2.33 $263,088,531 31-Dec-05
VANGUARD GROUP, INC. (THE) 7,578,395 2.26 $255,543,479 31-Dec-05
CAPITAL RESEARCH AND MANAGEMENT COMPANY 45,705,000 13.66 $1,541,172,600 31-Dec-05
LEGG MASON INC. 4,099,531 1.22 $138,236,185 31-Dec-05
DEUTSCHE BANK AKTIENGESELLSCHAFT 3,983,239 1.19 $134,314,819 31-Dec-05
AMERICAN CENTURY INVESTMENT MANAGEMENT INC. 3,902,462 1.17 $131,591,018 31-Dec-05

[gondramB]

Howdy,

I noticed out Heinz discussion got exiled to the Smokey Back room... Do you think we did something wrong?

BTW, I enjoy discussing and or debating with you.

Best,
paul

[sausageseller]

It was pretty continuous in the first 100 posts.

Yes, Paul even though some may disagree, for one not to be reasonable is silly.

[gondramB]

Well, that last post was supposed to be private... I apologize.