Kraft Heinz (NASDAQ:KHC) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Kraft Heinz (NASDAQ:KHC) issued its quarterly earnings results on Wednesday. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06, Zacks reports. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. Kraft Heinz updated its FY 2025 guidance to 2.630-2.740 EPS.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC traded down $0.92 during midday trading on Wednesday, hitting $28.66. The company’s stock had a trading volume of 11,307,709 shares, compared to its average volume of 9,472,510. Kraft Heinz has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The stock has a market capitalization of $34.66 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.74 and a beta of 0.47. The stock’s 50 day simple moving average is $30.02 and its 200 day simple moving average is $32.83.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.58%. Kraft Heinz’s dividend payout ratio is 144.14%.

Analyst Ratings Changes

KHC has been the subject of several analyst reports. The Goldman Sachs Group reduced their target price on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a report on Friday, January 24th. Jefferies Financial Group cut their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. UBS Group decreased their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and a consensus price target of $33.36.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.