Shares of Kraft Heinz Co. KHC slid 3.88% to $28.51 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 1.54% to 5,827.04 and Dow Jones Industrial Average DJIA falling 1.63% to 41,938.45.

Kraft Heinz attempted to refocus its business around its most important brands in 2024. The first nine months of the year showed that the new approach to the business isn't going to be a slam-dunk success.

This was the stock's fourth consecutive day of losses.

Kraft Heinz is a top consumer brand, and it remains one of the top holdings in the portfolio of wildly successful investor Warren Buffett. It's still profitable and generating sufficient free cash flow to cover its dividend payments, but investors should be wary of the risks.

Fintel reports that on January 7, 2025, Evercore ISI Group downgraded their outlook for Kraft Heinz (NasdaqGS:KHC) from Outperform to In-Line. Analyst Price Forecast Suggests 25.25% Upside As of December 23,