Kraft Heinz price target lowered to $30 from $31 at Stifel

Stifel lowered the firm’s price target on Kraft Heinz (KHC) to $30 from $31 and keeps a Hold rating on the shares. Kraft Heinz reported a better than expected first quarter with organic sales in-line with the firm’s expectations, but company lowered its 2025 guidance and the firm is lowering its own FY25 EPS estimate to $2.60, down 7c, related to the increased investments in price/marketing, lower sales expectations, and lower margin expectations.