Mizuho Maintains Neutral Rating on Kraft Heinz (KHC), Sets $29 PT

The Kraft Heinz Company (NASDAQ:KHC) is one of the best long-term stocks to invest in according to Warren Buffett. On August 25, Mizuho maintained a “Neutral” rating on Kraft Heinz stock with a price target of $29. The firm made the decision following recent investor meetings. In Mizuho’s view, Kraft Heinz is aware of its portfolio issues and is showing signs of improving execution.

The company is focusing on renovation and innovation, with new products and marketing activities planned for the future. It is also prioritizing the protection of its dividend and investment-grade status. However, Mizuho sees potential for improvement. The firm suggested that better revenue traction or news about strategic transactions could lead to a more positive outlook. The firm notes that uncertain economic conditions and competition are limiting positive revenue projection revisions.

The Kraft Heinz Company (NASDAQ:KHC) is a global food and beverage company. It manufactures and markets a wide portfolio of packaged foods and condiments, including iconic brands such as Heinz, Kraft, Oscar Mayer, and Philadelphia. The company distributes its products worldwide through retail, foodservice, and e-commerce channels.

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Disclosure: None. This article is originally published at Insider Monkey.