Kraft Heinz (NASDAQ:KHC) Stock Rating Reaffirmed as Outperform by Royal Bank Of Canada

Kraft Heinz (NASDAQ:KHC)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank Of Canada in a research report issued on Thursday, Benzinga reports. They currently have a $32.00 price target on the stock. Royal Bank Of Canada’s target price points to a potential upside of 35.97% from the stock’s previous close.

KHC has been the subject of a number of other reports. Sanford C. Bernstein lowered shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. TD Cowen reaffirmed a “hold” rating and set a $22.00 price target on shares of Kraft Heinz in a report on Tuesday, September 22nd. Barclays raised their price target on shares of Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $23.88.

Kraft Heinz Trading Down 0.4%

Shares of Kraft Heinz stock traded down $0.10 during trading hours on Thursday, hitting $23.53. The company’s stock had a trading volume of 9,703,646 shares, compared to its average volume of 15,998,350. Kraft Heinz has a 1-year low of $21.03 and a 1-year high of $28.09. The business has a fifty day moving average of $25.21 and a 200 day moving average of $23.96. The company has a market capitalization of $27.91 billion, a PE ratio of -8.23, a P/E/G ratio of 2.99 and a beta of 0.09. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. acquired a new position in Kraft Heinz during the 2nd quarter worth $1,968,000. OMERS ADMINISTRATION Corp acquired a new position in Kraft Heinz during the 2nd quarter worth $1,076,000. Franklin Street Advisors Inc. NC grew its holdings in Kraft Heinz by 70.2% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 994,375 shares of the company’s stock worth $23,487,000 after acquiring an additional 410,029 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Kraft Heinz by 11.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 561,627 shares of the company’s stock worth $13,266,000 after buying an additional 57,092 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Kraft Heinz by 60.4% in the 1st quarter. Janus Henderson Group PLC now owns 107,535 shares of the company’s stock worth $2,418,000 after buying an additional 40,473 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Company Profile

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

The company’s well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.