Kraft Heinz (NASDAQ:KHC) stays dynamic with the declaration of their regular quarterly dividend of $0.40/share, despite the reported misses in Q3 revenue estimates and the trimming of their 2024 forecasts. Bernstein issued an upgrade on the Kraft Heinz stock even as its price target was cut by Barclays and The Goldman Sachs Group. The company welcomes new members to their board of directors, including Debby Soo and Angel Shelton Willis who was also appointed as their Global General Counsel and Corporate Affairs Officer. Yet, the company is experiencing an 'elongated recovery' across their US Retail Business as sales drop and Q3 earnings suffer from soft volumes. Prospective investors are warned of challenges ahead in light of these results but a long-term strategy is encouraged. There are talks of JBS and Sigma vying for Kraft Heinz's $3 billion hot-dog business. State of Alaska Department of Revenue and abrdn plc adjust their holdings in the company, indicating potential shifts in the market. Despite this turbulence, many continue to express a bullish outlook on Kraft Heinz, considering it among the best long-term stocks to buy, with Warren Buffett’s endorsement to boot.
The Kraft Heinz Company KHC News Analytics from Mon, 20 May 2024 07:00:00 GMT to Sat, 02 Nov 2024 12:29:23 GMT -
Rating -1
- Innovation -2
- Information 5
- Rumor 3
