On Tuesday March 21 the class heard from Sean, pitching to add Kraft Heinz to the Consumer Staples sector. Kraft Heinz is the third largest food and beverage provider in North America, formed after the 2015 merger of Kraft and Heinz foods. The company has over 200 brands in 190 countries. Currently, the company is looking to streamline their offerings, focusing more on their largest and most profitable lines. With currently stagnant topline growth, the company has recently been engaging in M&A activity to generate new business. Sean’s major investment thesis came from our lack of diversification in the Consumer Staples sector; SMIF has no exposure to food products. He proposed to add 100 shares of KHC to the portfolio; the motion passed 28:1.