On Oct 31, major Wall Street analysts update their ratings for $The Kraft Heinz (KHC.US)$, with price targets ranging from $32 to $40.
Goldman Sachs analyst Leah Jordan maintains with a sell rating, and adjusts the target price from $34 to $32.
BofA Securities analyst Peter Galbo maintains with a buy rating, and adjusts the target price from $40 to $39.
Citi analyst Thomas Palmer maintains with a buy rating, and adjusts the target price from $39 to $38.
Barclays analyst Andrew Lazar maintains with a hold rating, and maintains the target price at $36.
Deutsche Bank analyst Stephen Powers downgrades to a hold rating, and adjusts the target price from $43 to $35.
Furthermore, according to the comprehensive report, the opinions of $The Kraft Heinz (KHC.US)$'s main analysts recently are as follows:
Kraft Heinz's third-quarter organic sales did not meet expectations, and the company has suggested that its earnings for 2024 may be at the lower end of the forecasted spectrum. Additionally, growth projections through 2025 may fall short of previous estimates. Analysts note that the company's efforts to enhance its U.S. retail performance are progressing more slowly than anticipated.
The revised outlook for Kraft Heinz is influenced by a reassessment of growth and profitability expectations extending into fiscal 2025 and beyond. Despite a valuation that could be considered undervalued or appealing in relation to the market, there is an anticipation of a more extended period before sales recuperation materializes, which in turn may delay significant positive developments.
Kraft Heinz's third-quarter outcomes have shown a tepid trend within the U.S. Retail sector, with the anticipation of recovery now extended due to heightened competitive forces. Persistent volume softness, along with pricing gap issues, suggest that continued promotional efforts may further impact profit margins.
Post-earnings, expectations for Kraft Heinz have been moderated, with a belief that near-term projections are being appropriately adjusted. The stock's valuation is supported by a notable 5% dividend yield.
The firm has observed that management has included a greater number of underperforming brands, acknowledged a devaluation in the worth of Lunchables, and indicated a lack of confidence in meeting their projected 2-3% growth rate in the upcoming year. This assessment suggests an increased likelihood of further restructuring within the company's brand portfolio.
Here are the latest investment ratings and price targets for $The Kraft Heinz (KHC.US)$ from 7 analysts:
Note:
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