01:48 PM EDT, 07/11/2025 (MT Newswires) -- Kraft Heinz ( KHC ) is preparing to spin off a large portion of its grocery business, including many Kraft products, into a new entity that may be valued at up to $20 billion, The Wall Street Journal reported Friday, citing people familiar with the matter.

Kraft Heinz ( KHC ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 27.39, Change: +0.92, Percent Change: +3.48