Founder Evidente. Top rated quantitative analyst, Evidente

Sam Ferraro

Founder Evidente. Top rated quantitative analyst

Evidente

Evidente is an independent financial education firm that delivers innovative financial advice to wholesale investors, including active long only funds, hedge funds, pension funds, and sovereign wealth funds, in Australia and globally.  Drawing on academic research in asset pricing, behavioural finance and portfolio construction, Evidente provides wholesale investors with commercial solutions to stock selection and asset allocation decisions across equities and other asset classes.

Thematic (Sector/Industry)

<ul><li>Annualised volatility in the S&amp;P500 spiked to 27% in August, its highest level since November 2011. &nbsp;Nonetheless, the 6 month moving average of volatility of 14% remains broadly in line with historical trends over the sweep of the past 45 years.</li><li>The positive surprise on 2Q US real GDP concealed the five year long stall in nominal GDP growth.&nbsp; The US Federal Reserve&rsquo;s unwillingness to combat disinflation has contributed to the growth stall.&nbsp; Investors remain unnerved by the Fed&rsquo;s willingness to tighten monetary policy at a time when inflation continues to undershoot its 2% target.</li><li>I expect financial market volatility to remain high until the Fed more clearly enunciates the goals of monetary policy and why it remains indifferent to achieving its inflation target.</li><li>In Australia, the poor 2Q capex survey confirmed that the economy is on the precipice of a 20% slump in business investment in FY2015/16.&nbsp; The long and drawn out transition from mining to non-mining capex continues to weigh on growth and frustrate the RBA.&nbsp; In my view, the re-balancing of growth will need an assist from further monetary stimulus.</li></ul>

Annualised volatility in the S&amp;P500 spiked to 27% in August, its highest level since November 2011. &nbsp;Nonetheless, the 6 month moving average of volatility of 14% remains broadly in line with historical trends over the sweep of the past 45 years.The positive surprise on 2Q US real GDP concealed the five year long stall in nominal GDP growth.&nbsp; The US Federal Reserve&rsquo;s unwillingness to combat disinflation has contributed to the growth stall.&nbsp; Investors remain unnerved by the Fed&rsquo;s willingness to tighten monetary policy at a time when inflation continues to undershoot its 2% target.I expect financial market volatility to remain high until the Fed more clearly enunciates the goals of monetary policy and why it remains indifferent to achieving its inflation target.In Australia, the poor 2Q capex survey confirmed that the economy is on the precipice of a 20% slump in business investment in FY2015/16.&nbsp; The long and drawn out transition from mining to non-mining capex continues to weigh on growth and frustrate the RBA.&nbsp; In my view, the re-balancing of growth will need an assist from further monetary stimulus.

Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

Event-Driven

<ul>
<li>Kraft Heinz’s decision to split into Global Taste Elevation Co. and North American Grocery Co. is a strategic move intended to recalibrate the Company amid flattening growth.</li>
<li>We value Kraft Heinz on a sum-of-the-parts (SOTP) basis. Global Taste Elevation is valued at 10x 2025E adjusted EBITDA, while North America Grocery is valued at 7.8x 2025E adjusted EBITDA.</li>
<li>We expect the spin-off to unlock value for shareholders as Global Taste Elevation Co will get better multiple post separation.</li>
</ul>


Kraft Heinz’s decision to split into Global Taste Elevation Co. and North American Grocery Co. is a strategic move intended to recalibrate the Company amid flattening growth.
We value Kraft Heinz on a sum-of-the-parts (SOTP) basis. Global Taste Elevation is valued at 10x 2025E adjusted EBITDA, while North America Grocery is valued at 7.8x 2025E adjusted EBITDA.
We expect the spin-off to unlock value for shareholders as Global Taste Elevation Co will get better multiple post separation.


Kraft Heinz (Nasdaq: KHC) Spin-Off to Create Value; See Upside From Current Levels

Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

<ul><li>On September 2, 2025, Kraft Heinz (KHC) announced that it will be breaking up into two companies.</li><li>The news comes a decade after the infamous merger of two of the biggest names in packaged foods that was orchestrated by Warren Buffett and Brazilian private equity firm 3G Capital Partners.</li><li>North American Grocery Co would encompass many of the traditional Kraft products.</li></ul>

On September 2, 2025, Kraft Heinz (KHC) announced that it will be breaking up into two companies.The news comes a decade after the infamous merger of two of the biggest names in packaged foods that was orchestrated by Warren Buffett and Brazilian private equity firm 3G Capital Partners.North American Grocery Co would encompass many of the traditional Kraft products.

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Kraft Heinz’s decision to split into two independent companies by 2026 marks a dramatic unraveling of the 2015 megamerger orchestrated by Warren Buffett’s Berkshire Hathaway and 3G Capital.</li><li>Once heralded as a union of food titans to unlock economies of scale, the split reflects a strategic pivot to specialization over breadth.</li><li>The new structure will separate the $15 billion global “Taste Elevation” unit—home to iconic brands like Heinz ketchup and Kraft Mac & Cheese—from the $10 billion North American grocery staples business that includes Oscar Mayer, Lunchables, and Kraft Singles.</li></ul>

Kraft Heinz’s decision to split into two independent companies by 2026 marks a dramatic unraveling of the 2015 megamerger orchestrated by Warren Buffett’s Berkshire Hathaway and 3G Capital.Once heralded as a union of food titans to unlock economies of scale, the split reflects a strategic pivot to specialization over breadth.The new structure will separate the $15 billion global “Taste Elevation” unit—home to iconic brands like Heinz ketchup and Kraft Mac & Cheese—from the $10 billion North American grocery staples business that includes Oscar Mayer, Lunchables, and Kraft Singles.

Kraft Heinz’s Big Breakup: A $25 Billion Shake-Up That May Not Please Warren Buffett!

<ul><li>Kraft Heinz reported results for the second quarter that were consistent with expectations, showcasing an improvement in year-over-year top-line performance.</li><li>This was driven by strategic investments in product superiority and manufacturing capabilities.</li><li>The company emphasized initiatives aimed at enhancing long-term shareholder value, though it remains cautious about the impact of strategic transactions, such as potential business separations, which could lead to increased costs and dis-synergies.</li></ul>

Kraft Heinz reported results for the second quarter that were consistent with expectations, showcasing an improvement in year-over-year top-line performance.This was driven by strategic investments in product superiority and manufacturing capabilities.The company emphasized initiatives aimed at enhancing long-term shareholder value, though it remains cautious about the impact of strategic transactions, such as potential business separations, which could lead to increased costs and dis-synergies.

Kraft Heinz Company: Brand Growth System Expansion To Achieve Sustainable Volume Growth & Enhance Brand Appeal!

United States

The Kraft Heinz Company provides food services. The Company offers foods including ketchup, sauces, meals, snacks, and other food products.

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Kraft Heinz Co (KHC US)

Weekly Impressions

Annualised volatility in the S&P500 spiked to 27% in August, its highest level since November 2011. Nonetheless, the 6 month moving average...

Sam Ferraro

Kraft Heinz (Nasdaq: KHC) Spin-Off to Create Value; See Upside From Current Levels

Kraft Heinz's split into two companies should unlock shareholder value. Our estimate suggests upside from current levels.

GSBR Research

Weekly Update (CON, HNZ, BRSL)

On September 2, 2025, Kraft Heinz (KHC) announced that it will be breaking up into two companies. The news comes a decade after....

Richard Howe

Kraft Heinz’s Big Breakup: A $25 Billion Shake-Up That May Not Please Warren Buffett!

Kraft Heinz’s decision to split into two independent companies by 2026 marks a dramatic unraveling of the 2015 megamerger orchestrated by Warren...

Baptista Research

Kraft Heinz Company: Brand Growth System Expansion To Achieve Sustainable Volume Growth & Enhance Brand Appeal!

Kraft Heinz reported results for the second quarter that were consistent with expectations, showcasing an improvement in year-over-year top-line...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Weekly Impressions

Annualised volatility in the S&P500 spiked to 27% in August, its highest level since November 2011. Nonetheless, the 6 month moving average...

Sam Ferraro

Kraft Heinz (Nasdaq: KHC) Spin-Off to Create Value; See Upside From Current Levels

​Kraft Heinz's split into two companies should unlock shareholder value. Our estimate suggests upside from current levels.

GSBR Research

Weekly Update (CON, HNZ, BRSL)

On September 2, 2025, Kraft Heinz (KHC) announced that it will be breaking up into two companies. The news comes a decade after....

Richard Howe

Kraft Heinz’s Big Breakup: A $25 Billion Shake-Up That May Not Please Warren Buffett!

Kraft Heinz’s decision to split into two independent companies by 2026 marks a dramatic unraveling of the 2015 megamerger orchestrated by Warren...

Baptista Research

Kraft Heinz Company: Brand Growth System Expansion To Achieve Sustainable Volume Growth & Enhance Brand Appeal!

Kraft Heinz reported results for the second quarter that were consistent with expectations, showcasing an improvement in year-over-year top-line...

Baptista Research

Kraft Heinz's split into two companies should unlock shareholder value. Our estimate suggests upside from current levels.