Kraft Heinz (NASDAQ:KHC) Stock Keeps Outperform Rating at Royal Bank Of Canada

Kraft Heinz (NASDAQ:KHC)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research note issued on Thursday, September 24th, Benzinga reports. They currently have a $32.00 target price on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 40.81% from the stock’s previous close.

Other research analysts also recently issued reports about the company. UBS Group boosted their price objective on Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Piper Sandler increased their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. BNP Paribas Exane increased their price target on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. increased their price target on Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Finally, Barclays raised their target price on Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Kraft Heinz has an average rating of “Reduce” and a consensus price target of $23.88.

Kraft Heinz Stock Down 3.1%

Shares of KHC opened at $22.73 on Thursday. The company has a market capitalization of $26.95 billion, a PE ratio of -7.95, a PEG ratio of 2.99 and a beta of 0.09. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The stock’s 50-day moving average price is $25.10 and its two-hundred day moving average price is $23.96. Kraft Heinz has a 12 month low of $21.03 and a 12 month high of $28.09.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, analysts anticipate that Kraft Heinz will post 2.06 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Kraft Heinz during the 2nd quarter valued at about $1,803,911,000. Norges Bank purchased a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $332,382,000. Barclays PLC grew its stake in shares of 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 buying an additional 3,926,141 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Kraft Heinz by 15.3% in the 4th quarter. Bank of New York Mellon Corp now owns 8,802,220 shares of the company’s stock valued at $213,454,000 after acquiring an additional 1,167,964 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Kraft Heinz by 7.3% in the 1st quarter. Pacer Advisors Inc. now owns 9,270,503 shares of the company’s stock valued at $208,494,000 after acquiring an additional 633,645 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets packaged foods and beverages for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and other grocery items.

The company’s brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Jell-O, Ore-Ida, Classico, Grey Poupon and Planters.