Latest news with #KraftHeinz
Yahoo
4 hours ago
- Business
- Yahoo
Jefferies Raises Kraft Heinz (KHC) Price Target, Raises Rating to Neutral
The Kraft Heinz Company (NASDAQ:KHC) is one of 10 consumer defensive stocks to buy now. Goldman Sachs has raised its rating on The Kraft Heinz Company (NASDAQ:KHC) to Neutral from Sell, lifting its price target to $27 from $25. The upgrade reflects what the firm describes as a more balanced risk/reward outlook, even as near-term sales pressures persist. In a note to investors, Goldman analysts acknowledged ongoing concerns, including continued softness in scanner data and declining sales and market share across several of Kraft Heinz's core categories. These challenges, they noted, remain central to the company's struggle to regain momentum in a competitive consumer environment. A closeup of an assembly line worker inspecting a newly produced jar of condiments and sauces. However, the firm pointed to Kraft Heinz's portfolio of iconic brands as a key asset. With the company recently announcing a review of strategic alternatives, Goldman sees the potential for shareholder-accretive actions that could drive future upside. While details of any possible actions remain unclear, the review signals management's willingness to pursue structural changes to unlock value. Despite the cautious stance on fundamentals, Goldman now views the downside risk as more limited. As the company evaluates options and works to stabilize performance, the market may begin to respond more favorably to clearer signs of a turnaround. While we acknowledge the potential of KHC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KHC and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 10 Best Wide Moat Dividend Stocks to Invest in. Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds' investor letters by entering your email address below.
Reuters
3 days ago
- Business
- Reuters
J.M. Smucker to remove artificial food dyes by end-2027
June 26 (Reuters) - Jif peanut butter maker J.M. Smucker (SJM.N), opens new tab said on Thursday it would remove synthetic food colors from all consumer food products by the end of 2027. The company said this move would impact its sugar-free fruit spreads, ice cream toppings as well as some sweet baked goods from its Hostess brand portfolio. J.M. Smucker said majority of its products currently available to K-12 schools do not contain any artificial colors, and is working with distribution partners to stop selling products with synthetic dyes to K-12 schools by the 2026-2027 school year. Packaged food makers, including Conagra Brands (CAG.N), opens new tab and General Mills (GIS.N), opens new tab, have been committing to eliminate the use of artificial colors from their product categories as they align themselves with the plans of Health Secretary Robert F. Kennedy Jr. to remove synthetic food dyes from the U.S. food supply. Earlier this month, Kraft Heinz (KHC.O), opens new tab also said it would stop launching new products containing artificial colors in the U.S. and plans to remove synthetic dyes from existing items by the end of 2027.
Associated Press
3 days ago
- Health
- Associated Press
Duncan Hines parent Conagra Brands says it will phase out artificial colors
Conagra Brands, the parent company of Duncan Hines, Slim Jim and other brands, is the latest big food company to say it's discontinuing the use of artificial dyes. In a statement released Wednesday – the same day as a similar statement from Nestle – Chicago-based Conagra said it will remove artificial colors from its frozen foods by the end of this year. Conagra's frozen brands include Marie Callender's, Healthy Choice and Birds Eye. Conagra said it won't offer products containing artificial colors to K-12 schools by the beginning of the 2026-2027 school year, and it will work to discontinue artificial dyes across its entire portfolio by the end of 2027. Kraft Heinz and General Mills made similar pledges earlier this month. The federal government has stepped up its scrutiny of artificial colors in recent months. In January, days before President Donald Trump took office, the U.S. regulators banned the dye called Red 3 from the nation's food supply, nearly 35 years after it was barred from cosmetics because of potential cancer risk. In April, Trump's Health Secretary Robert F. Kennedy Jr. and FDA Commissioner Marty Makary said the agency would take steps to eliminate synthetic dyes by the end of 2026, largely by relying on voluntary efforts from the food industry. Many of Conagra's products already make a point of using natural dyes. On a jar of Vlasic kosher pickle spears, Conagra notes that they're colored with turmeric, not the synthetic Yellow 5. For the cheesy color in its frozen vegetable sides or its Orville Redenbacher popcorn, Conagra uses annatto, a plant extract. But some of Conagra's products still rely on synthetic colors. Duncan Hines' Comstock County Cherry pie filling uses Red 40, for example, while its Creamy Strawberries n' Cream Frosting uses both Red 40 and Yellow 5. Conagra's Swiss Miss Butterscotch pudding contains Yellow 6, Red 40 and Blue 1.
Yahoo
3 days ago
- Business
- Yahoo
Kraft Heinz (KHC) Stock Moves -1.15%: What You Should Know
Kraft Heinz (KHC) closed the most recent trading day at $25.73, moving -1.15% from the previous trading session. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.31%. The processed food company with dual headquarters in Pittsburgh and Chicago's shares have seen a decrease of 2.98% over the last month, not keeping up with the Consumer Staples sector's loss of 0.37% and the S&P 500's gain of 5.05%. Analysts and investors alike will be keeping a close eye on the performance of Kraft Heinz in its upcoming earnings disclosure. The company is expected to report EPS of $0.64, down 17.95% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.26 billion, down 3.34% from the year-ago period. For the full year, the Zacks Consensus Estimates are projecting earnings of $2.57 per share and revenue of $24.97 billion, which would represent changes of -16.01% and -3.38%, respectively, from the prior year. Investors should also take note of any recent adjustments to analyst estimates for Kraft Heinz. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Kraft Heinz is currently sporting a Zacks Rank of #4 (Sell). Looking at valuation, Kraft Heinz is presently trading at a Forward P/E ratio of 10.12. Its industry sports an average Forward P/E of 16.65, so one might conclude that Kraft Heinz is trading at a discount comparatively. We can also see that KHC currently has a PEG ratio of 3.04. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Food - Miscellaneous industry held an average PEG ratio of 1.61. The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 196, finds itself in the bottom 21% echelons of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kraft Heinz Company (KHC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
3 days ago
- Health
- The Independent
Researchers warn one in five foods in the US have synthetic dyes
One in five packaged food and drink products in the U.S. contain synthetic dyes that have been associated with behavioral problems in children, researchers warned on Wednesday. The dyes, which are used to make items more colorful and enticing to consumers, are typically made from petroleum. Previous research from the state of California and its schools has shown that they may cause or worsen hyperactivity in some children. Earlier this year, the Trump administration announced plans to phase out the use of these dyes in the nation's food supply, citing health concerns. Companies have pledge to act in compliance with health officials, and Gatorade-maker PepsiCo said in April that it has been phasing out artificial colors. Kraft Heinz has pledged to eliminate all chemical food dyes within two years. The company makes the American staples Kool-Aid and Jello-O, which also contain multiple kinds of dyes. Now, the University of North Carolina, the D.C.-based Center for Science in the Public Interest, and international researchers at the George Institute for Global Health say that an analysis of 39,763 grocery store products has yielded concerning results. 'Given the accumulation of evidence over the last 40 years pointing to the health harms of synthetic dyes, it's disappointing to see that they're still so prevalent in our food system, particularly in products that are designed to appeal to children,' Dr. Elizabeth Dunford, a research fellow at The George Institute and an adjunct assistant professor at the University of North Carolina, said in a statement. Dunford led the research, which was published in the Journal of the Academy of Nutrition and Dietetics. 'The high levels of sugar in these brightly colored products suggests that companies are using synthetic dyes to market sweet foods and beverages, but both ingredients are linked to poor health outcomes,' she added. To reach these conclusions, Dunford and her co-authors assessed the ingredient labels for foods produced by the top 25 U.S. food manufacturers. They specifically focused on the five food categories most marketed to children, including sweet foods, sugar-sweetened beverages, ready-to-eat meals, breakfast cereals, and baked goods. The products in these categories were more likely to contain the dyes, which were found to be present in 28 percent. Furthermore, the average sugar content of products containing the dyes was 141 percent more than in those without the dyes. The National Confectioners Association said in a statement that the study had 'major gaps,' and that it 'ignores exposure to consumers.' 'Also, contrary to the authors' claims, the chocolate and candy companies mentioned in this study do not advertise to children under the age of 12 as part of a long-standing commitment, ' it said. Several companies were identified as the 'worst offenders.' More than half of PepsiCo's energy drinks contained synthetic dyes, as well as 79 percent of all sports drinks included. That includes Gatorade, which contains several synthetic dyes to provide its vibrant hues. When it came to sweet foods, Ferrero and Mars used the most synthetic dyes. Ferrero, which acquired Nestle's confectionary business in 2018, produces SweeTarts and other colorful candy that uses the dyes. 'Ferrero and its related affiliated companies, including Ferrara Candy Company, are and will continue to be in compliance with local, state and federal laws and regulations, including those related to food additives. Our products are safe to enjoy,' a Ferrero spokesperson told The Independent. Neither of the other companies immediately responded to requests for comment from The Independent. The findings indicate, the authors alleged, that companies had not been phasing out the dyes. "The Food and Drug Administration recently asked the food industry to voluntarily phase synthetic dyes out of the food supply, but many companies had previously made promises to stop using them and then failed to keep those promises. So, it remains to be seen if food companies will comply with this new request.,' Dr. Thomas Galligan, the principal scientist for food additives and supplements at the Center for Science in the Public interest, said. He advised that the administration require warning labels on these foods. 'But until the regulatory process catches up with the science, parents and health-conscious consumers should always check the ingredients label for synthetic dyes and for high levels of added sugar,' Dunford said. 'If a product contains either, you are better off not buying it, especially for your kids.'
