Kraft HeinzKHC
Market Cap: 40.5B
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 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
10 Wall Street Analysts provided 1 year price forecasts over the past 6 months
10 analyst ratings
Barclays Andrew Lazar | 2%upside $34 | Equal-Weight Maintained | 19 Jul 2024 |
Citigroup Thomas Palmer | 14%upside $38 | Buy Maintained | 17 Jul 2024 |
B of A Securities Bryan Spillane | 14%upside $38 | Buy Maintained | 10 Jul 2024 |
Wells Fargo Chris Carey | 2%upside $34 | Equal-Weight Maintained | 27 Jun 2024 |
Piper Sandler Michael Lavery | 23%upside $41 | Overweight Maintained | 20 Jun 2024 |
Financial journalist opinion
Based on 28 articles about KHC published over the past 30 days