Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

<ul>
<li>Kraft Heinz is once again one of the worst performers in its peer group.</li>
<li>The current strategy to improve profitability and free cash flow does not offer a radical solution to the company's weak strategic positioning.</li>
<li>The company has some of its strongest brands, but it is a long and painful process.</li>
</ul>


Kraft Heinz is once again one of the worst performers in its peer group.
The current strategy to improve profitability and free cash flow does not offer a radical solution to the company's weak strategic positioning.
The company has some of its strongest brands, but it is a long and painful process.


Kraft Heinz: Lackluster Strategic Positioning

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
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Credit

<ul><li>Kraft Heinz's business transformation continues towards a growth-oriented approach as it reported a low-double-digit growth in the last quarter of 2021, ending the year on a fairly decent note.</li><li>For 2022, the company might be able to generate double-digit organic growth and market share gains with its new go-to-market strategy.</li><li>Based on our credit analysis, the company merits a Credit Evaluation Score of BBβ with a stable outlook and as per our Financial Strength Indicator, its performance is 3.69/ 5.</li></ul>

Kraft Heinz's business transformation continues towards a growth-oriented approach as it reported a low-double-digit growth in the last quarter of 2021, ending the year on a fairly decent note.For 2022, the company might be able to generate double-digit organic growth and market share gains with its new go-to-market strategy.Based on our credit analysis, the company merits a Credit Evaluation Score of BBβ with a stable outlook and as per our Financial Strength Indicator, its performance is 3.69/ 5.

The Kraft Heinz Co: Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Capital Markets

<ul><li>Kraft Heinz delivered a decent quarterly result with a low-double-digit growth, ending 2021 on a fair note.</li><li>For 2022, the management expects double-digit organic growth and market share gains and intends to further strengthen its go-to market strategy.</li><li>We remain neutral on Kraft Heinz and give it a 'Hold' rating with a revised target price.</li></ul>

Kraft Heinz delivered a decent quarterly result with a low-double-digit growth, ending 2021 on a fair note.For 2022, the management expects double-digit organic growth and market share gains and intends to further strengthen its go-to market strategy.We remain neutral on Kraft Heinz and give it a 'Hold' rating with a revised target price.

Kraft Heinz Co.: Financial & Price Forecasts

<ul><li>Kraft Heinz Co delivered another strong results at a time when food companies are not looking like the best investment opportunities given the inflationary headwinds and the supply chain issues.</li><li>Kraft Heinz’s management is using price-pack architecture, value engineering, and procurement scale to their advantage while pushing for growth.</li><li>We are neutral on Kraft Heinz and give it a ‘Hold’ rating with a revised target price.</li></ul>

Kraft Heinz Co delivered another strong results at a time when food companies are not looking like the best investment opportunities given the inflationary headwinds and the supply chain issues.Kraft Heinz’s management is using price-pack architecture, value engineering, and procurement scale to their advantage while pushing for growth.We are neutral on Kraft Heinz and give it a ‘Hold’ rating with a revised target price.

Kraft Heinz Co: The Turnaround Plan Seems To Be Working (12/2021)

<ul><li>Inflationary pressures and high shipping costs have hit food companies across the globe and Kraft Heinz is no exception to this rule.</li><li>Kraft Heinz was lucky in the sense that currency rates favored the company in the recent quarter by a positive 2.3 percentage points.</li><li>The positive sign for the company is that the demand for snacks and packaged foods has remained strong despite the resumption of foodservice and an increasing number of people stepping out.</li></ul>

Inflationary pressures and high shipping costs have hit food companies across the globe and Kraft Heinz is no exception to this rule.Kraft Heinz was lucky in the sense that currency rates favored the company in the recent quarter by a positive 2.3 percentage points.The positive sign for the company is that the demand for snacks and packaged foods has remained strong despite the resumption of foodservice and an increasing number of people stepping out.

United States

The Kraft Heinz Company provides food services. The Company offers foods including ketchup, sauces, meals, snacks, and other food products.

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Kraft Heinz Co (KHC US)

Kraft Heinz: Lackluster Strategic Positioning

Kraft Heinz is once again one of the worst performers in its peer group. The current strategy to improve profitability and free cash flow does not...

Vladimir Dimitrov, CFA

The Kraft Heinz Co: Detailed Credit Analysis & Financial Strength Evaluation Report

Kraft Heinz's business transformation continues towards a growth-oriented approach as it reported a low-double-digit growth in the last quarter of...

Baptista Research

Kraft Heinz Co.: Financial & Price Forecasts

Kraft Heinz delivered a decent quarterly result with a low-double-digit growth, ending 2021 on a fair note. For 2022, the management expects...

Baptista Research

Kraft Heinz Co: The Turnaround Plan Seems To Be Working (12/2021)

Kraft Heinz Co delivered another strong results at a time when food companies are not looking like the best investment opportunities given the...

Baptista Research

Kraft Heinz Co - Investment Thesis

Inflationary pressures and high shipping costs have hit food companies across the globe and Kraft Heinz is no exception to this rule. Kraft Heinz...

Baptista Research

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