US Bancorp DE has reduced its stock position in
The Kraft Heinz Company (KHC). Despite underperforming compared to competitors on several days, KHC stocks have shown occasional outperformance.
Advisory Services Network LLC holds $1.34 Million in KHC, while
TCW Group Inc. and
Orion Portfolio Solutions LLC have increased their positions. Jim Cramer is bearish on the stock, citing stagnation and a consumer shift toward private labels. KHC has missed sales estimates as higher prices deterred customers. Despite this, it surpassed Q2 earnings and revenue estimates, and announced a dividend of $0.40 while a regular quarterly dividend of the same amount was declared. KHC continues to innovate, particularly with plant-based products, including its first plant-based Oscar Mayer Hot Dogs and Kraft Mac & Cheese. An increased interest in ESG investments might bring positivity to KHC's vegetarian ventures, though their effect on actual performance remains to be seen. Despite mixed results and market headwinds,
KHC is considered a value stock for long-term investment. They will participate in upcoming conferences with Deutsche Bank and Bernstein. Investors continue to be interested and the company has declared leadership transitions to keep up with market dynamics.
The Kraft Heinz Company KHC News Analytics from Mon, 14 Aug 2023 13:01:42 GMT to Thu, 30 May 2024 12:22:50 GMT -
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