- Kraft Heinz is targeting mid-single-digit revenue growth in 2020 and high-single-digit growth for EBITDA. We expect the growth to continue into 2021 and beyond as the turnaround takes shape.
- KHC has a long history of paying dividends, which are expected to resume growth in the years to come. Our DDM suggests a fair share value of $40.8.
- The simplification to six platforms should improve execution. We see the innovation projects reduction as positive, as the focus shifts onto the renovation of the existing portfolio.
For further details see:
Kraft Heinz: Renovation Comes Before Innovation