10 Best Confectionery, Cookie and Snack Stocks To Buy

3. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 50

The Kraft Heinz Company (NASDAQ:KHC) is one of the best confectionary, cookie, and snack stocks to buy. On February 3, UBS reaffirmed a Hold rating on the stock and set a price target of $24. The Kraft Heinz Company (NASDAQ:KHC) also received rating updates from Stifel Nicolaus and BNP Paribas on January 21. Stifel reaffirmed a Hold rating on the shares and set a price target of $26, while BNP Paribas downgraded The Kraft Heinz Company (NASDAQ:KHC) to Underperform from Neutral with a $22 price target.

The same day, JPMorgan also cut the price target on the stock to $24 from $25 while maintaining a Neutral rating on the shares. The rating update came ahead of the company’s fiscal Q4 earnings release on February 11, with JPMorgan stating that it expects the company’s volume pressures to continue in 2026. According to the firm, The Kraft Heinz Company (NASDAQ:KHC) is experiencing ongoing volume declines and likely stepped up investments this year.

Jefferies also cut the price target on The Kraft Heinz Company (NASDAQ:KHC) to $23 from $24 on January 20, reiterating a Hold rating on the shares. The firm continues to adopt a cautious stance, primarily due to factors such as a difficult consumer backdrop, investment needs, continued demand challenges, and uncertainty on the outlook for the post-split businesses.

The Kraft Heinz Company (NASDAQ:KHC) manufactures and distributes packaged food and beverages worldwide. Its offerings include cheese and dairy products, meals, tomato products, condiments, meats, sauces, refreshment beverages, and more. Its geographical segments of operation include North America and  International Developed Markets.