The food manufacturer will move its primary stock listing to the New York Stock Exchange next month after trading on Nasdaq.
Kraft Heinz will transfer its primary stock listing from Nasdaq to the New York Stock Exchange on September 14. The company, which trades under the ticker KHC, has been listed on Nasdaq since its formation in 2015 through the merger of Kraft Foods and H.J. Heinz.
The move follows a trend of large-cap companies opting for the NYSE, citing visibility and prestige. Kraft Heinz did not disclose specific financial or operational reasons for the switch. The stock will continue to trade under the same ticker symbol.
No immediate market reaction was reported following the announcement.