Kraft Heinz (KHC)

• Market cap: $35.5B
• 1 day: 1.04%
• 5 days: 2.16%
• 1 month: -6.34%
• 3 months: -18.58%
• 6 months: -13.66%
• Year to date: -4.87%
• 1 year: -22.55%
• 5 years: -5.67%
• 10 years: -59.88%
• 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 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 Q3 regulatory filings by fund managers ($100M+ AUM)

17% more call options, than puts

Call options by funds: $615M | Put options by funds: $525M

15% more first-time investments, than exits

New positions opened: 122 | Existing positions closed: 106

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]

8% more capital invested

Capital invested by funds: $31.7B [Q2] → $34.4B (+$2.69B) [Q3]

0% more funds holding

Funds holding: 1,161 [Q2] → 1,161 (+0) [Q3]

0.31% less ownership

Funds ownership: 81.07% [Q2] → 80.76% (-0.31%) [Q3]

Research analyst outlook

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

• Low target: $31 6% upside
• Avg. target: $35 19% upside
• High target: $41 40% upside

11 analyst ratings

• positive: 2 18%
• neutral: 8 73%
• negative: 1 9%

UBS Cody Ross 50% 1-year accuracy 1 / 2 met price target	6% upside $31	Neutral Maintained	16 Jan 2025
TD Cowen Robert Moskow 50% 1-year accuracy 30 / 60 met price target	9% upside $32	Hold Maintained	8 Jan 2025
Wells Fargo Chris Carey 40% 1-year accuracy 17 / 43 met price target	6% upside $31	Equal-Weight Maintained	7 Jan 2025
Evercore ISI Group David Palmer 50% 1-year accuracy 14 / 28 met price target	20% upside $35	In-Line Downgraded	7 Jan 2025
Piper Sandler Michael Lavery 40% 1-year accuracy 23 / 58 met price target	20% upside $35	Neutral Downgraded	19 Nov 2024