Why Kraft Heinz Shares Are Falling Today By Benzinga

Why Kraft Heinz Shares Are Falling Today

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The Kraft Heinz Co (NASDAQ: NASDAQ:KHC) shares are trading lower Thursday following bearish analyst coverage from UBS.

UBS analyst Cody Ross downgraded Kraft Heinz from a Neutral rating to a Sell rating and lowered the price target from $40 to $34, citing inflationary pressures.

3G Capital also announced that it distributed approximately 88 million shares of Kraft Heinz to external investors in its fund. 3G Capital is Kraft Heinz' second-largest shareholder after Warren Buffett's Berkshire Hathaway (NYSE:BRKa) Inc (NYSE: BRK-A) (NYSE: BRK-B).

See Also: Why Nutanix Stock Is Sinking Today

KHC Price Action: Kraft Heinz has traded between $32.78 and $44.87 over a 52-week period.

The stock was down 7.47% at $36.88 at time of publication.

Photo: Mike Mozart from Flickr.

Latest Ratings for KHC

DateFirmActionFromTo

Feb 2022	Credit Suisse (SIX:CSGN)	Maintains	Underperform
Feb 2022	Deutsche Bank (ETR:DBKGn)	Maintains	Buy
Feb 2022	Credit Suisse	Maintains	Underperform

View More Analyst Ratings for KHC

View the Latest Analyst Ratings

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