Kraft Heinz Company (NASDAQ:KHC) Given Average Rating of “Reduce” by Brokerages

Kraft Heinz Company (NASDAQ:KHC) has been assigned an average recommendation of “Reduce” from the eighteen brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $23.8750.

Several equities analysts recently commented on KHC shares. JPMorgan Chase & Co. upped their target price on Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. Wells Fargo & Company raised their price target on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Piper Sandler increased their target price on Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Barclays boosted their price objective on Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, BNP Paribas Exane boosted their price target on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a report on Tuesday, June 30th.

Hedge Funds Weigh In On Kraft Heinz

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Waverly Advisors LLC lifted its position in Kraft Heinz by 3.9% during the second quarter. Waverly Advisors LLC now owns 11,438 shares of the company’s stock valued at $270,000 after acquiring an additional 433 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Kraft Heinz by 19.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,097 shares of the company’s stock worth $73,000 after acquiring an additional 508 shares during the last quarter. Triumph Capital Management raised its stake in Kraft Heinz by 14.4% in the 2nd quarter. Triumph Capital Management now owns 4,042 shares of the company’s stock worth $95,000 after acquiring an additional 509 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in Kraft Heinz by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock worth $201,000 after acquiring an additional 515 shares during the period. Finally, Van Hulzen Asset Management LLC grew its stake in Kraft Heinz by 5.6% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 10,029 shares of the company’s stock valued at $237,000 after purchasing an additional 529 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 0.1%

KHC opened at $24.76 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. The business’s fifty day moving average is $25.43 and its two-hundred day moving average is $23.97. Kraft Heinz has a one year low of $21.03 and a one year high of $28.09. The company has a market cap of $29.36 billion, a price-to-earnings ratio of -8.66, a PEG ratio of 2.99 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 EPS 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 for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the business earned $0.69 earnings per share. The company’s quarterly 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. Analysts anticipate that Kraft Heinz will post 2.06 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 annualized dividend and a dividend yield of 6.5%. Kraft Heinz’s payout ratio is -55.94%.

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.