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 Video: What is a Stock Split?
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| Heinz (H. J.) manufactures and markets a line of food products, primarily ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products. Co.'s products are sold through its own sales organizations and through independent brokers, agents and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, bakeries, pharmacies, mass merchants, club stores, foodservice distributors and institutions, including hotels, restaurants, hospitals, health-care facilities, and certain government agencies. Co.'s segments include North American consumer products, Europe, Asia/Pacific, and U.S. Foodservice. According to our HNZ split history records, HNZ has had 3 splits. | |
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HNZ (HNZ) has 3 splits in our HNZ split history database. The first split for HNZ took place on October 11, 1985. This was a 2 for 1
split, meaning for each share of HNZ owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. HNZ's second split took place on October 24, 1989. This was a 2 for 1
split, meaning for each share of HNZ owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. HNZ's third split took place on November 10, 1995. This was a 3 for 2
split, meaning for each 2
shares of HNZ owned pre-split, the shareholder now owned 3 shares. For example, a 4000 share position pre-split, became a 6000 share position following the split.
When a company such as HNZ splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the HNZ split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HNZ shares, starting with a $10,000 purchase of HNZ, presented on a split-history-adjusted basis factoring in the complete HNZ split history.
HNZ -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 10/11/1985 | 2 for 1
| | 10/24/1989 | 2 for 1
| | 11/10/1995 | 3 for 2
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