Kraft Heinz Company (NASDAQ:KHC) Receives $23.06 Average Target Price from Brokerages

Shares of Kraft Heinz Company (NASDAQ:KHC) have been given a consensus rating of “Reduce” by the twenty research firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $23.0625.

KHC has been the topic of several analyst reports. BTIG Research began coverage on Kraft Heinz in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Mizuho lowered their price target on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Sanford C. Bernstein upped their target price on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, February 12th. Finally, Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $23.18 on Friday. The stock’s 50 day moving average price is $22.69 and its 200 day moving average price is $23.76. The firm has a market capitalization of $27.49 billion, a PE ratio of -4.77 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. Kraft Heinz has a one year low of $21.03 and a one year high of $29.19.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same period in the prior year, the company posted $0.62 EPS. Kraft Heinz’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, sell-side analysts expect that Kraft Heinz will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio is currently -32.92%.

Insider Buying and Selling

In other news, insider Cory Onell sold 4,991 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total value of $121,480.94. Following the sale, the insider owned 197,463 shares of the company’s stock, valued at approximately $4,806,249.42. The trade was a 2.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kraft Heinz

A number of institutional investors and hedge funds have recently modified their holdings of KHC. Auto Owners Insurance Co raised its position in shares of Kraft Heinz by 3,034.1% during the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after purchasing an additional 15,951,271 shares during the period. Norges Bank acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $332,382,000. Nordea Investment Management AB lifted its stake in Kraft Heinz by 75.1% in the 3rd quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock worth $351,263,000 after acquiring an additional 5,873,967 shares in the last quarter. Barclays PLC lifted its stake in Kraft Heinz by 77.8% in the 4th quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock worth $217,599,000 after acquiring an additional 3,926,141 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Kraft Heinz by 94.8% in the 1st quarter. California Public Employees Retirement System now owns 4,347,594 shares of the company’s stock worth $97,777,000 after acquiring an additional 2,116,175 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.