Kraft Heinz (NASDAQ:KHC) Price Target Cut to $25.00 by Analysts at Barclays

Kraft Heinz (NASDAQ:KHC) had its price target dropped by equities researchers at Barclays from $26.00 to $25.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 6.32% from the stock’s current price.

KHC has been the subject of several other research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $21.00 price target on shares of Kraft Heinz in a report on Wednesday. Weiss Ratings lowered Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Piper Sandler lifted their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Wells Fargo & Company lowered their price objective on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Finally, Evercore set a $24.00 target price on Kraft Heinz in a research note on Thursday, August 6th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $23.75.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC traded up $0.23 on Friday, hitting $23.52. 7,700,192 shares of the company were exchanged, compared to its average volume of 15,932,293. The company’s 50 day moving average price is $24.26 and its two-hundred day moving average price is $23.99. The firm has a market capitalization of $27.88 billion, a price-to-earnings ratio of -8.24, a PEG ratio of 2.99 and a beta of 0.12. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. Kraft Heinz has a one year low of $21.03 and a one year high of $28.09.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating 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 business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Research analysts expect that Kraft Heinz will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Kraft Heinz during the second quarter valued at approximately $1,803,911,000. Pacer Advisors Inc. grew its stake in shares of 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 purchasing an additional 633,645 shares during the period. Nykredit A S bought a new stake in shares of Kraft Heinz in the 2nd quarter valued at approximately $181,408,000. Deutsche Bank AG acquired a new position in shares of Kraft Heinz in the 2nd quarter worth approximately $179,876,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Kraft Heinz by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,944,618 shares of the company’s stock worth $178,663,000 after buying an additional 149,034 shares in the last quarter. Institutional investors and hedge funds 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.