Food manufacturers

The Kraft Heinz Company (NASDAQ:KHC), Kellogg Company (NYSE:K) – Investors are pushing food makers like Kellog, Kraft Heinz to set new health goals: FT

  • Investors are pushing food industry multinationals, including Nestlé SA (OTC: NSRGY)danon (OTC: DANOY)Kraft Heinz Co. (NASDAQ: KHC), and Kellogg Co. (NYSE: K), to set new wellness insights and goals, The Financial Times reported.
  • Moving comes later Unilever Plc (NYSE: UL) announced that it will release diet scores for its meal portfolio to outside metrics.
  • The report notes that traders, along with the Authorized & Common Funding Administration and BMO International Asset Administration, have written to company boards ahead of their annual conferences, expressing shareholder concerns about diet and weight issues.
  • “Marketers want companies to use standardized wellness metrics to uncover their advertising against regulatory threat and their relative standing against rivals,” the report quotes Ignacio Vazquez, senior supervisor at ShareAction.
  • The push for meal makers to sharpen their health credentials comes as governments tighten laws globally to tackle weight issues.
  • Price action: K shares closed down 0.01% at $69.32 on Monday.