Kraft Heinz (KHC)

• Market cap: $37.3B
• 1 day: -0.32%
• 5 days: -2.93%
• 1 month: -7.81%
• 3 months: -14.03%
• 6 months: -10.88%
• Year to date: -19.18%
• 1 year: -14.89%
• 5 years: -0.90%
• 10 years: -57.77%
• 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: 454 | Existing positions reduced: 407

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 (+$2.69B) [Q3]

0.25% less ownership

Funds ownership: 80.49% [Q2] → 80.23% (-0.25%) [Q3]

1% less funds holding

Funds holding: 1,161 [Q2] → 1,155 (-6) [Q3]

5% less first-time investments, than exits

New positions opened: 121 | Existing positions closed: 127

Research analyst outlook

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

• Low target: $32 4% upside
• Avg. target: $37 20% upside
• High target: $41 33% upside

9 analyst ratings

• positive: 4 44%
• neutral: 4 44%
• negative: 1 11%

Piper Sandler Michael Lavery 46% 1-year accuracy 13 / 28 met price target	14% upside $35	Neutral Downgraded	19 Nov 2024
Barclays Andrew Lazar 43% 1-year accuracy 6 / 14 met price target	14% upside $35	Equal-Weight Maintained	1 Nov 2024
Citigroup Thomas Palmer 43% 1-year accuracy 12 / 28 met price target	23% upside $38	Buy Maintained	31 Oct 2024
Piper Sandler Michael Lavery 46% 1-year accuracy 13 / 28 met price target	30% upside $40	Overweight Maintained	31 Oct 2024
Mizuho John Baumgartner 92% 1-year accuracy 11 / 12 met price target	33% upside $41	Outperform Maintained	31 Oct 2024