Stifel analyst Matthew Smith, CFA maintains $The Kraft Heinz (KHC.US)$ with a hold rating, and adjusts the target price from $38 to $35.
According to TipRanks data, the analyst has a success rate of 62.5% and a total average return of 13.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Kraft Heinz (KHC.US)$'s main analysts recently are as follows:
The company experienced a third-quarter organic sales growth that did not meet expectations, and signaled that earnings for 2024 might touch the lower spectrum of its forecast. Additionally, growth projections up to 2025 are anticipated to fall short of previous estimates. It appears that the company's efforts to enhance its U.S. retail trends are requiring more time than initially predicted.
The revision in outlook for Kraft Heinz stems from tempered expectations for growth and profitability extending into fiscal 2025 and beyond. Despite the company's valuation potentially being seen as low or appealing in comparison to the market, there is now anticipation of a more extended timeline for sales recovery, which may delay significant positive developments.
The company's Q3 outcomes have shown a weakening in U.S. Retail trends, with the anticipated recovery likely to be more protracted due to competitive forces. Ongoing volume softness for Kraft Heinz, along with challenges in price differentials, suggest that increased promotional efforts may persist in impacting profit margins.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
