Kraft Heinz Co (NASDAQ:KHC) reported Tuesday that shareholders approved all proposals presented at its 2026 Annual Meeting, held last Thursday. The $27.7 billion food giant’s stock currently trades at $23.28, down roughly 11% over the past year amid challenging market conditions.
According to a statement based on a SEC filing, shareholders elected all ten nominees to the board of directors for one-year terms expiring at the 2027 annual meeting. The directors elected were John T. Cahill, Steve Cahillane, Humberto P. Alfonso, L. Kevin Cox, Lori Dickerson Fouché, Diane Gherson, Mary Lou Kelley, Elio Leoni Sceti, Tony Palmer, and John C. Pope. Each nominee received a majority of votes cast in favor.
Shareholders also approved, on an advisory basis, the compensation of the company’s named executive officers. The advisory vote received 846,476,891 shares in favor, 51,123,740 against, and 2,391,574 abstentions, with 117,137,683 broker non-votes.
In addition, the meeting included a vote to approve the Kraft Heinz Company Amended and Restated 2020 Omnibus Incentive Plan, referred to as the 2026 Plan. The plan was approved with 875,403,742 shares for, 22,377,915 against, and 2,210,548 abstentions, along with 117,137,683 broker non-votes.
Shareholders ratified the appointment of PricewaterhouseCoopers LLP as Kraft Heinz’s independent auditors for 2026. The vote was 955,089,151 shares in favor, 60,577,107 against, and 1,463,630 abstaining.
Kraft Heinz Co’s common stock, 3.500% Senior Notes due 2029, and 3.250% Senior Notes due 2033 are listed on The Nasdaq Stock Market LLC under the symbols KHC, KHC29, and KHC33, respectively.
All information is based on a press release statement and details disclosed in the company’s recent SEC filing.
In other recent news, Kraft Heinz reported its first-quarter 2026 earnings, surpassing expectations with an adjusted earnings per share (EPS) of $0.58, beating the forecast of $0.50 by 16%. The company also reported revenues of $6.05 billion, exceeding the anticipated $5.88 billion. These results indicate strong performance in the first quarter. Additionally, Bernstein SocGen Group reiterated a Market Perform rating on Kraft Heinz with a $22.00 price target, noting improved market share trends under the new CEO, Steve Cahillane. The improvement was attributed to investments made in the previous year. In product news, Kraft Heinz announced the launch of Jell-O Simply, a new product line without artificial colors or sweeteners. The lineup includes ready-to-eat gelatin cups and pudding mixes made with real fruit juice and 25% less sugar than the original products. These developments reflect ongoing efforts by Kraft Heinz to enhance product offerings and maintain market competitiveness.
