HJ Heinz Company (FRA:HJH) Beta : N/A (As of Jun. 04, 2024)

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What is HJ Heinz Company Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-04), HJ Heinz Company's Beta is Not available.

HJ Heinz Company Beta Historical Data

The historical data trend for HJ Heinz Company's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HJ Heinz Company Beta Chart

HJ Heinz Company Annual Data

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HJ Heinz Company Quarterly Data
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Competitive Comparison of HJ Heinz Company's Beta

For the Packaged Foods subindustry, HJ Heinz Company's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HJ Heinz Company's Beta Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, HJ Heinz Company's Beta distribution charts can be found below:

* The bar in red indicates where HJ Heinz Company's Beta falls into.

HJ Heinz Company Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

HJ Heinz Company (FRA:HJH) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

HJ Heinz Company Beta Related Terms

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HJ Heinz Company (FRA:HJH) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HJ Heinz Company (FRA:HJH) » Definitions » Beta

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Address

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HJ Heinz Company was incorporated in Pennsylvania on July 27, 1900. The Company manufactures and markets an extensive line of food products throughout the world. Its main products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products. The Company's products are manufactured and packaged to provide safe, wholesome foods for consumers, as well as foodservice and institutional customers. Many products are prepared from recipes developed in the Company's research laboratories and experimental kitchens. Ingredients are carefully selected, inspected and passed on to modern factory kitchens where they are processed, after which the intermediate product is filled automatically into containers of glass, metal, plastic, paper or fiberboard, which are then sealed. Products are prepared by sterilization, blending, fermentation, pasteurization, homogenization, chilling, freezing, pickling, drying, freeze drying, baking or extruding, then labeled and cased for market. Quality assurance procedures are designed for each product and process and applied for quality and compliance with applicable laws. The Company manufactures and contracts for the manufacture of its products from a wide variety of raw foods. Pre-season contracts are made with farmers for certain raw materials such as a portion of the Company's requirements of tomatoes, cucumbers, potatoes, onions and some other fruits and vegetables. Ingredients, such as dairy products, meat, sugar and other sweeteners, including high fructose corn syrup, spices, flour and fruits and vegetables, are purchased from approved suppliers. It also owns or leases office space, warehouses, distribution centers and research and other facilities throughout the world. Its recognizable brand is Heinz. The Company has a global portfolio of brands focused in three core categories, Ketchup and Sauces, Meals and Snacks, and Infant/Nutrition. The Company is subject to numerous food safety and other laws and regulations regarding the manufacturing, marketing, and distribution of food products.

HJ Heinz Company (FRA:HJH) Headlines

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