KHC stock icon

Kraft Heinz
KHC

$32.80
0.96%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 6 analysts
0
News positive %
of 23 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

56% more call options, than puts

Call options by funds: $606M | Put options by funds: $387M

0.97% more ownership

Funds ownership: 77.31% [Q4 2023] → 78.28% (+0.97%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 12 [Q4 2023] → 12 (+0) [Q1 2024]

0% less capital invested

Capital invested by funds: $35.1B [Q4 2023] → $35B (-$29.1M) [Q1 2024]

3% less repeat investments, than reductions

Existing positions increased: 417 | Existing positions reduced: 432

3% less funds holding

Funds holding: 1,145 [Q4 2023] → 1,111 (-34) [Q1 2024]

27% less first-time investments, than exits

New positions opened: 94 | Existing positions closed: 128

Research analyst outlook

6 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$37
13%
upside
Avg. target
$41
26%
upside
High target
$43
31%
upside

6 analyst ratings

positive
83%
neutral
17%
negative
0%
Piper Sandler
Michael Lavery
25%upside
$41
Overweight
Maintained
20 Jun 2024
Piper Sandler
Michael Lavery
28%upside
$42
Overweight
Upgraded
22 May 2024
Deutsche Bank
Stephen Powers
31%upside
$43
Buy
Maintained
18 Apr 2024
B of A Securities
Bryan Spillane
28%upside
$42
Buy
Maintained
15 Apr 2024
Wells Fargo
Chris Carey
13%upside
$37
Equal-Weight
Maintained
15 Feb 2024

Financial journalist opinion

Based on 23 articles about KHC published over the past 30 days