Kraft Heinz board approves share repurchase program

The Kraft Heinz Co. Board of Directors recently approved a share repurchase program that authorizes the company to repurchase up to $3 billion outstanding shares of common stock through Dec. 26, 2026.

Under the program, Kraft Heinz will repurchase shares with excess cash after allocations for disciplined capital spending. The company will take into consideration global economic and market conditions, the market price of the common stock, and historical and expected business performance and cash and liquidity position when determining the amount of capital to allocate to share repurchases.

“Our board authorized a $3 billion share repurchase program over the next three years, allowing us to provide further value to our stockholders while underscoring our commitment to delivering profitable growth and driving strong returns,” Miguel Patricio, Kraft Heinz CEO and board chairman, said.

The share repurchase program may be modified, suspended, or discontinued at any time. It is in addition to the company’s share repurchases that offset the dilutive effect of equity-based compensation.

Factors such as privately negotiated transactions, transactions structured through investment banking institutions, open market transactions may affected purchases.

Kraft Heinz will determine the timing, manner, price, and amount of any repurchases under the program.

Kraft Heinz is not obligated to repurchase a specific number of shares.