The Kraft Heinz Company (KHC) has seen various developments and analyst sentiments based on its financial performance and changes in holdings.
Atria Investments Inc, Cetera Advisors LLC, and Burney Co increased their KHC holdings.
Janus Henderson Group PLC and B. Riley Wealth Advisors Inc also raised their stock positions in the Company. This signals rising investor confidence in KHC's performance. Despite a decline in sales, KHC's mixed Q2 2024 results showed a topping of earnings estimates, inviting varying views from analysts worldwide. Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., and Evercore ISI revised KHC's price target downwards, while Barclays raised it. Despite sales decline, analysts remain bullish, attributing the optimism to cost efficiencies and described the moment as efficient despite low consumer demand.
KHC's stock reported both underperformance and outperformance compared to its competitors on different days.
KHC posted a consecutive seven-session gain, but interspersed with market-related dips. Analysts give a consensus recommendation of
'Moderate Buy'. The Company is reportedly exploring the sale of its Oscar Mayer business.
The Kraft Heinz Company KHC News Analytics from Thu, 15 Feb 2024 08:00:00 GMT to Sun, 04 Aug 2024 17:25:24 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -4
