KHC - Kraft Heinz Had Decent 2023 But It Is Still A Hold
2024-02-19 07:42:26 ET
Summary
- Kraft Heinz is a stable consumer staples company that offers low-volatility options for investors during uncertain times.
- The company has faced challenges in sales and earnings growth, but analyst consensus predicts slow growth in the medium term.
- Due to its history of stagnation, the company is a HOLD until it shows two consecutive years with mid-single-digit growth.
Introduction
The consumer staples sector is an interesting one, especially during times of economic and business uncertainty. Consumer staples companies offer low-volatility options as investors seek less volatile and cyclical investments. These companies, known for their stability during economic cycles, present opportunities for investors, especially when leading ones suffer from a broad market sell-off....
Kraft Heinz Had Decent 2023, But It Is Still A Hold