Kraft Heinz, the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Robert Moskow from TD Cowen maintained a Hold rating on the stock and has a $28.00 price target.
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Robert Moskow’s rating is based on a combination of factors affecting Kraft Heinz’s performance. The company is facing challenges in its North American segment, which accounts for a significant portion of its sales. There is a notable decline in organic sales, particularly in the sliced meats category, and continued weakness in the Away From Home channel due to reduced traffic. Despite management’s efforts to stimulate retail volume through price investments, the overall sales volume remains under pressure.
In the Emerging Markets, geopolitical instability in Indonesia has disrupted sales, affecting the company’s performance in that region. Although there is some improvement in the International Developed Markets segment, it is not enough to offset the declines elsewhere. These factors contribute to a cautious outlook for Kraft Heinz, leading Robert Moskow to assign a Hold rating, as the company navigates through these challenges and uncertainties.
According to TipRanks, Moskow is a 3-star analyst with an average return of 2.4% and a 44.30% success rate. Moskow covers the Consumer Defensive sector, focusing on stocks such as Kraft Heinz, Clorox, and PepsiCo.