RBC Capital Reiterates Outperform on Kraft Heinz, Maintains $32 Price Target
RBC Capital analyst Nik Modi reiterates Kraft Heinz (NYSE:KHC) with a Outperform and maintains $32 price target.
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Evercore ISI Group analyst David Palmer maintains Kraft Heinz (NYSE:KHC) with a In-Line and lowers the price target from $24 to $23.
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RBC Capital analyst Nik Modi reiterates Kraft Heinz (NYSE:KHC) with a Outperform and maintains $32 price target.
The global functional foods and beverages market is projected to grow from $365.1 billion in 2024 to $591.7 billion by 2030, with a CAGR of 8.6%. Growth is driven by consumer shift toward preventive health nutrition, premiumization, beverage innovation, and expansion in Asia-Pacific. North America leads with 34.3% market share, while emerging technologies like microbiome science and AI-driven personalization reshape competition.
Kraft Heinz is implementing a promotional strategy focused on affordability and improved ROI to combat declining volume trends. The company achieved a 3.4 percentage point increase in promotional ROI year-to-date and introduced smaller pack sizes across key categories. However, Q2 2026 volume/mix still declined 2.6 points overall, with North America down 3.8 points, indicating the strategy's effectiveness remains to be proven in the second half of 2026.
TD Cowen analyst Robert Moskow reiterates Kraft Heinz (NYSE:KHC) with a Hold and maintains $22 price target.