#6 - Kraft Heinz Co. (NASDAQ:KHC)
Kraft Heinz Co. (NASADAQ: KHC) - When a venerable name like Kraft Heinz delivers a disappointing earnings report, investors take notice. Although the company delivered a top-line number that pleased analysts, their profit and earnings per share were below expectations. The earnings report showed what appears to be a shift towards showing improvement in the top line at the expense of margin. However, this shift appears to be a trend in the overall sector and not isolated to Kraft. If so, these results may be par for the course. However, KHC claims that the reduction in margins is only temporary. Either way, it seems that the stock, which is down nearly 38% YTD, may be a good defensive play. Currently, 61% of analysts rate the stock as a buy and 91% rate it either a buy or a hold. The consensus stock price target is $68.85 per share which would represent a 17% upside from the stock’s current level.
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
- $31.81
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $36.55 (14.9% Upside)
