#6 - Kraft Heinz (NASDAQ:KHC)
The Kraft Heinz Company (NASDAQ: KHC) is an example of a company that benefited during the pandemic and hasn’t looked back. The stock is up an impressive 69% since March 2020. That offsets the broader loss that KHC stock has suffered in the past five years.
Kraft Heinz has been in the middle of a turnaround that is now starting to come to fruition. The company has entered a period marked by the company stacking up quarter after quarter of revenue and earnings beats.
And while some concern still exists about the company’s debt, especially any debt that will have to be refinanced in a higher interest rate environment, the company’s debt-to-equity ratio remains in-line with the sector average.
Analysts tracked by MarketBeat give the stock a Hold rating with an expectation that the stock price may increase by 14% in the next 12 to 18 months. That would be consistent with the high single-digit growth in both revenue and earnings that analysts are forecasting.
About Kraft Heinz
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.
Read More - Current Price
- $30.52
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $36.55 (19.7% Upside)
