5 Cheap Jim Cramer Stocks to Invest In Right Now

4. The Kraft Heinz Company (NASDAQ:KHC)

Forward P/E: 11.19

Number of Hedge Fund Holders: 60

The Kraft Heinz Company (NASDAQ:KHC) is one of the 10 cheap Jim Cramer stocks to invest in right now.

On June 3, 2026, The Kraft Heinz Company (NASDAQ:KHC) presented at the 23rd annual dbAccess Global Consumer Conference, outlining a growth-focused agenda. As part of the agenda, the company mentioned that it is redirecting $600 million from a paused separation toward incremental brand investment. The Kraft Heinz Company’s (NASDAQ:KHC) strategy involves allocating 5.5% of net sales to marketing and 1% to R&D, targeting commercial levels as well as pricing strategies. With market share losses shrinking from 90 bps to 20 bps, and over half of its categories now holding or gaining share, the company’s early results show significant progress. The company is prioritizing major brand innovations, such as Capri Sun packaging updates. It also places importance on surgical value interventions and strategic retailer partnerships to induce long-term organic top-line growth.

In another development that same day, Bernstein downgraded The Kraft Heinz Company (NASDAQ:KHC) from Market Perform to Underperform, with a price target of $21, down from $25. The company cited the new CEO Steve Cahillane’s announcement of a $600 million investment in marketing, price cuts, and renovations. It pushes 2026 leverage to 3.8 times amid commodity inflation, raising questions about the strategy’s sustainability, according to the firm.

Cramer expressed positive views on The Kraft Heinz Company (NASDAQ:KHC), calling the company’s CEO a miracle worker:

I want to take on the risk of owning Kraft Heinz with CEO Steve Cahillane, the miracle worker who made you a huge amount of money with Kellogg… I hope he can pull it off and save the dividend. Currently yields 6.85%.

Founded in 2015, The Kraft Heinz Company (NASDAQ:KHC), through the mega-merger of Kraft Foods Group and H.J. Heinz Holding Corporation, is a global packaged food giant. Headquartered in Pennsylvania, the company manufactures iconic consumer brands including Heinz, Kraft, Philadelphia, Lunchables, and Oscar Mayer.

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