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The Kraft Heinz Company (NASDAQ:KHC ) Consumer Analyst Group of New York Conference (CAGNY) 2025 February 18, 2025 11:00 AM ET Company Participants Carlos Abrams-Rivera - Chief Executive Officer Andre Maciel - Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Andrew Lazar Great. If we could just find our seats, we'll kick off our next presentation.
Global packaged food group Kraft Heinz is working with investment bank Houlihan Lokey to sell its Italy-based infant food product brand Plasmon, two sources close to the matter said on Tuesday.
Kraft Heinz has been named as the ''Top Dividend Stock of the Nasdaq 100'', according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among the components of the Nasdaq 100 index, KHC shares displayed both attractive valuation metrics and strong profitability metrics.
If you've ever been to a grocery store or convenience store, you know the brands that PepsiCo (PEP -0.82%) and Kraft Heinz (KHC -1.13%) sell. They are icons in the food and beverage niche of the consumer staples sector.
Blue chip dividend stocks are shares of large, well-established companies considered less risky and more financially stable than other stocks. They are often industry leaders with strong brand names and reputations and a history of consistent growth.
As shoppers continue to struggle with higher grocery prices, Kraft Heinz Co. — known for its Mac and Cheese, Heinz Ketchup and Capri Sun — wants to give them a break from inflation this year.
BofA Securities analyst Peter T. Galbo downgraded Kraft Heinz Co KHC from Buy to Underperform and lowered the price forecast from $36.00 to $30.00 after reviewing the fourth-quarter FY24 results and the underwhelming FY25 outlook.
Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ) has been downgraded to ‘Underperform' by analysts at Bank of America after the packaged foods firm's initial 2025 outlook disappointed. They also lowered their price objective on the stock to $30 from $36.
The problem for Kraft Heinz stock is simple: market share, sales volumes, and profits are all headed in the wrong direction. A supposed turnaround strategy under a new CEO seems hardly differentiated from previous plans that failed to work. With KHC at a four-year low, there is a real upside if this time is different, and the company can begin to drive consistent growth.
Kraft Heinz (KHC) shares fell 3.5% intraday Wednesday as the food giant reported fourth-quarter sales and issued 2025 guidance that missed analysts' estimates.