Kraft HeinzKHC
Market Cap: $43.5B
About: In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm has a growing presence in foodservice. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives 20%-25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.
Employees: 36,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
13% more first-time investments, than exits
New positions opened: 149 | Existing positions closed: 132
12% more call options, than puts
Call options by funds: $400M | Put options by funds: $359M
11% more repeat investments, than reductions
Existing positions increased: 432 | Existing positions reduced: 389
2% more funds holding
Funds holding: 1,129 [Q1] → 1,146 (+17) [Q2]
0% more ownership
Funds ownership: 79.38% [Q1] → 79.38% (+0%) [Q2]
13% less capital invested
Capital invested by funds: $35.5B [Q1] → $31.1B (-$4.47B) [Q2]
17% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 10 (-2) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Goldman Sachs Leah Jordan 75% 1-year accuracy 3 / 4 met price target | 5%downside $34 | Sell Initiated | 12 Aug 2024 |
Barclays Andrew Lazar 75% 1-year accuracy 12 / 16 met price target | 0%upside $36 | Equal-Weight Maintained | 1 Aug 2024 |
Deutsche Bank Stephen Powers 75% 1-year accuracy 3 / 4 met price target | 12%upside $40 | Buy Maintained | 1 Aug 2024 |
Wells Fargo Chris Carey 52% 1-year accuracy 12 / 23 met price target | 2%downside $35 | Equal-Weight Maintained | 1 Aug 2024 |
Barclays Andrew Lazar 75% 1-year accuracy 12 / 16 met price target | 5%downside $34 | Equal-Weight Maintained | 19 Jul 2024 |
Financial journalist opinion
Based on 19 articles about KHC published over the past 30 days