The Kraft Heinz Company (NASDAQ:KHC) is included among the 13 NASDAQ Stocks with Highest Dividends.
On April 9, BNP Paribas lowered the firm’s price recommendation on The Kraft Heinz Company (NASDAQ:KHC) to $18 from $19. It maintained an Underperform rating on the shares. The firm said US packaged food valuations “look cheap relative to history,” but added they are “cheap for a reason.” It lowered targets across several companies in the group, pointing to volume growth that “looks to be muted at best” and pricing power that “could be somewhat illusory.”
On April 7, UBS analyst Peter Grom lowered the firm’s price target on KHC to $23 from $25 and kept a Neutral rating. The firm expects Q1 results across much of the consumer staples group to be “okay,” with some improvement and stabilization in organic revenue growth. It noted that the bigger focus will be on forward-looking commentary, as inflation could pose a greater risk to earnings in the second half of the year and possibly beyond.
The Kraft Heinz Company (NASDAQ:KHC) produces and markets food and beverage products worldwide. Its portfolio is organized across several consumer-focused platforms, including Taste Elevation, Easy Ready Meals, Substantial Snacking, Desserts, Hydration, Cheese, Coffee, Meats, and other grocery categories.
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