Kraft Heinz (KHC)

• Market cap: $36.9B
• 1 day: 1.40%
• 5 days: -3.36%
• 1 month: -1.17%
• 3 months: -12.70%
• 6 months: -6.50%
• Year to date: -19.94%
• 1 year: -14.63%
• 5 years: -5.28%
• 10 years: -58.17%
• Sector: Consumer Staples
• Industry: Canned, Frozen & Preserved Fruits, Vegetables, and Food Specialties

About: In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind wide-moats 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 also maintains a growing presence in the foodservice arena. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives about 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 Q3 regulatory filings by fund managers ($100M+ AUM)

19% more call options, than puts

Call options by funds: $598M | Put options by funds: $502M

12% more repeat investments, than reductions

Existing positions increased: 457 | Existing positions reduced: 408

10% more funds holding in top 10

Funds holding in top 10: 10 [Q2] → 11 (+1) [Q3]

9% more capital invested

Capital invested by funds: $31.5B [Q2] → $34.2B (+$2.7B) [Q3]

0% less funds holding

Funds holding: 1,161 [Q2] → 1,160 (-1) [Q3]

0.23% less ownership

Funds ownership: 80.49% [Q2] → 80.26% (-0.23%) [Q3]

1% less first-time investments, than exits

New positions opened: 121 | Existing positions closed: 122

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $32 5% upside
• Avg. target: $36 19% upside
• High target: $41 34% upside

7 analyst ratings

• positive: 2 29%
• neutral: 4 57%
• negative: 1 14%

Piper Sandler Michael Lavery 43% 1-year accuracy 23 / 54 met price target	15% upside $35	Neutral Downgraded	19 Nov 2024
Barclays Andrew Lazar 50% 1-year accuracy 8 / 16 met price target	15% upside $35	Equal-Weight Maintained	1 Nov 2024
Citigroup Thomas Palmer 38% 1-year accuracy 13 / 34 met price target	25% upside $38	Buy Maintained	31 Oct 2024
Mizuho John Baumgartner 70% 1-year accuracy 14 / 20 met price target	34% upside $41	Outperform Maintained	31 Oct 2024
Goldman Sachs Leah Jordan 60% 1-year accuracy 3 / 5 met price target	5% upside $32	Sell Maintained	31 Oct 2024