Kraft Heinz has been removed from both the Nasdaq Composite and NASDAQ-100 indexes, effective immediately. The exit from the two Nasdaq benchmarks reduces Kraft Heinz's presence in index-tracking funds that mirror those indices, and may influence how some institutional investors and ETFs that follow Nasdaq indices gain exposure to the company. Kraft Heinz is a US-based packaged food group with a reported market value of about $29.3b, selling branded grocery and beverage products across North America and overseas. The removal pushes Kraft Heinz further into a world where active investors, not index rules, do more of the heavy lifting, and it underlines the risk that weak core market performance and the prior US$9.3b impairment have already affected how the market views its brand and earnings profile. The clearest indication of how well the shift is being absorbed will be how ownership and trading volumes evolve after the index changes, especially around the next couple of quarterly updates when Kraft Heinz reports on North America retail trends and progress from recent product tests such as Capri Sun Big Pouch.
The Kraft Heinz CompanyKraft Heinz is removed from the Nasdaq Composite and NASDAQ-100 indexes, reducing index-fund exposure and demand for its shares.
