RBC initiated coverage of The Kraft Heinz Company with an Outperform rating and a $32 price target on September 17, with analyst Nik Modi pointing to new products such as PowerMac and Capri Sun Hydrate, strategic price reductions and smaller packaging as evidence the company's strategy is gaining traction, and calling 2027 a potential step-function inflection point. The bullish call lands less than a year after Kraft Heinz paused its breakup plan just six weeks after former Kellogg CEO Steve Cahillane took over in January to lead the split, a reversal Deutsche Bank characterized as evidence of deeper problems. Cahillane has acknowledged the company's pricing strategy left consumers very disappointed, and Kraft Heinz's organic net sales fell 1.3% in Q2 2026, including a 2.7% decline in North America, while North American volume/mix fell 3.8 percentage points. Berkshire Hathaway's Greg Abel has publicly described the investment as disappointing, though Modi called the Berkshire overhang navigable and said a selloff on Berkshire's supply would be treated as an opportunity to add. Hedge fund ownership rose modestly, from 60 funds at the end of the first quarter of 2026 to 62 at the end of the second quarter, while short interest remained elevated at 11.49% as of August 31, 2026.
Deutsche Bank Aktiengesellschaft
Royal Bank of CanadaThe Kraft Heinz CompanyRBC initiated Kraft Heinz at Outperform with a $32 price target, calling 2027 a potential inflection point.
Berkshire Hathaway Inc