The Kraft Heinz Company is a major player in the food and beverage industry with a market cap of $28.81 billion. It has seen a 10.8% drop in shares over the past three months. Despite an EPS decline, strategic investments have shown some improvement in the challenging operating environment.
Looking to reverse its 2015 merger, Kraft Heinz plans to split into two businesses to unlock more potential due to its complex operating structure. Compared to General Mills, Kraft Heinz has outperformed over the past 52 weeks. Analysts rate the stock as “Hold” with a mean price target of $26.19.
Kraft Heinz reported third-quarter results with a 2.3% decrease in net sales year-over-year to $6.24 billion. Organic net sales dropped 2.5% YOY, and adjusted EPS declined by 18.7%. The company believes splitting into two businesses may help in capital allocation and unlocking more potential for growth.
Read more at Yahoo Finance: Is Kraft Heinz Stock Underperforming the S&P 500?
