Kraft Heinz (NASDAQ:KHC) Earns “Outperform” Rating from Royal Bank Of Canada

Kraft Heinz (NASDAQ:KHC)‘s stock had its “outperform” rating reissued by Royal Bank Of Canada in a research note issued on Thursday, Benzinga reports. They currently have a $32.00 price objective on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 35.97% from the stock’s current price.

KHC has been the topic of a number of other research reports. Barclays raised their target price on Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Evercore set a $24.00 price objective on shares of Kraft Heinz in a research note on Thursday, August 6th. Piper Sandler upped their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their target price 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. Finally, Weiss Ratings cut shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $23.88.

Kraft Heinz Trading Down 0.4%

KHC stock traded down $0.10 during midday trading on Thursday, reaching $23.53. The company’s stock had a trading volume of 9,703,646 shares, compared to its average volume of 15,998,350. The business’s 50-day simple moving average is $25.26 and its 200-day simple moving average is $23.96. The stock has a market cap of $27.91 billion, a PE ratio of -8.23, a price-to-earnings-growth ratio of 2.99 and a beta of 0.09. Kraft Heinz has a 52 week low of $21.03 and a 52 week high of $28.09. 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The firm’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. As a group, sell-side analysts expect that Kraft Heinz will post 2.06 EPS for the current year.

Institutional Inflows and Outflows

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