03:35 PM EDT, 10/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target to $27 from $31 on 10.3x our 2026 EPS of $2.63 (cut from $2.78; 2025 EPS cut to $2.59 from $2.65). The multiple sits below KHC's long-term average of 15x, which we view as appropriate given ongoing organic sales declines and continued margin erosion. Q3 results reinforce the tough backdrop for center-store packaged food companies, with headwinds from weaker consumer sentiment (especially among lower-income households) and elevated cost pressures. These challenges are likely to persist through 2026, leading to another year of muted earnings growth, particularly as reinvestment needs remain high in promotions, marketing, and R&D. That said, investor attention has turned to the pending spin-off, which is expected to close in the second half of 2026. We maintain our Hold rating on valuation, as KHC continues to trade at one of the lowest P/E ratios in the peer group, but it remains hard to turn more constructive given the ongoing decline in organic sales and deteriorating margins.