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Vetr Crowd Thinks Acquisition Rumors Around Kraft Heinz Means Buy

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The Vetr crowd upgraded their rating for Kraft Heinz Co (NASDAQ: KHC) on Wednesday, from 3 stars (Hold), issued 6 days ago, to 4 stars (Buy). Crowd sentiment for the stock is mostly confident, with 75 percent of Vetr user ratings positive.

The news surrounding Kraft Heinz for the past couple of months has been a series of possible acquisitions from other packaged food companies. Prior to November 8, Mondelez International Inc (NASDAQ: MDLZ) was rumored to be the leading contender.

However, following the unexpected election outcome, the probability of Kellogg Company (NYSE: K) or General Mills, Inc.(NYSE: GIS), whose assets are primarily domestic, acquiring Kraft Heinz has overtaken the more international Mondelez, according to Citi.

Kraft Heinz shares have seen a bit of a bounce in December after a late-year dip to below $80.

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Currently, the Vetr crowd's average target price for the stock is up at $95.14, which is below the average analyst target price of $99.91. Less than 2 percent of Vetr users are holding KHC in their watch lists.

Posted-In: VetrUpgrades Crowdsourcing Analyst Ratings

 

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