Kraft Heinz’s (KHC) Outperform Rating Reiterated at Royal Bank Of Canada

Kraft Heinz (NASDAQ:KHC)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a report issued on Thursday, Benzinga reports. They presently have a $32.00 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 35.67% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. BNP Paribas Exane raised their price objective on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. raised their price objective on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, July 15th. Evercore set a $24.00 target price on shares of Kraft Heinz in a research note on Thursday, August 6th. Wells Fargo & Company lifted their target price on shares of Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $25.00 to $21.00 in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $23.88.

Kraft Heinz Stock Performance

NASDAQ KHC traded down $0.04 during trading hours on Thursday, reaching $23.59. 5,084,769 shares of the company were exchanged, compared to its average volume of 15,972,479. Kraft Heinz has a 1 year low of $21.03 and a 1 year high of $28.09. The business’s 50 day simple moving average is $25.26 and its 200-day simple moving average is $23.96. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $27.97 billion, a P/E ratio of -8.25, a P/E/G ratio of 2.99 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter last year, the company posted $0.69 earnings per share. The firm’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. On average, equities research analysts expect that Kraft Heinz will post 2.06 earnings per share for the current year.

Hedge Funds Weigh In On Kraft Heinz

Several hedge funds have recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new stake in Kraft Heinz during the first quarter valued at approximately $27,000. Reflection Asset Management bought a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $28,000. Hara Capital LLC bought a new stake in shares of Kraft Heinz in the 2nd quarter worth approximately $29,000. Fiduciary Financial Advisors bought a new stake in Kraft Heinz during the 2nd quarter valued at $33,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Kraft Heinz during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

About Kraft Heinz

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.