Kraft Heinz Has the Right Recipe for Growth
Large-cap food stocks are not known for their growth, but the top line performance for some of the biggest food companies has been disappointing. Consumers increasingly demand natural foods, and retailers are cutting prices to remain competitive, which in turn puts pressure on food brands to reduce their prices to accommodate the biggest grocers like Wal-Mart.
The Kraft Heinz Company (NASDAQ: KHC) has been no exception. In the second quarter, Kraft Heinz continued its struggle to grow revenue with sales declining 1.7%. Excluding the negative impact of currency fluctuation, sales still declined 0.9%. On the bright side, that decline narrowed from the first quarter to the second, from both a better sales mix and the benefits of recent holidays that boosted in-store activity.
IMAGE SOURCE: KRAFT HEINZ.
Source: Fool.com
Kraft Heinz Co Stock
Currently there is a rather positive sentiment for Kraft Heinz Co with 4 Buy predictions and 1 Sell predictions.
As a result the target price of 40 € shows a positive potential of 30.17% compared to the current price of 30.73 € for Kraft Heinz Co.
