** Mizuho lowers rating on Jell-O maker Kraft Heinz KHC.O to "neutral" from "outperform", citing eroding volumes in food industry
** Brokerage attributes weakness in food processing industry to effect of dietary changes and increased use of GLP-1 weight-loss drugs, as well as inflation likely hitting relative value for some product categories
** Potential confirmation of Robert Kennedy Jr. as Secretary of Health and Human Services would likely ramp attention on additives and food processing - Mizuho
** Cuts PT to $31 from $38 owing to persistent weakness in demand for KHC's products as consumers across income groups opt for cheaper alternatives
** Kraft Heinz is scheduled to report fourth-quarter results on Wednesday
** 7 of 23 brokerages rate stock "buy" or "higher", 15 "hold" and one "sell"; their median PT is $33.50 - LSEG
** KHC fell about 17% in 2024
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com;))
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