Kraft Heinz Company (NASDAQ:KHC) Stock Has Average Price Target of $23.75 According to Analysts

Kraft Heinz Company (NASDAQ:KHC) has been assigned an average rating of “Reduce” from the seventeen brokerages that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $23.75.

A number of research firms recently weighed in on KHC. TD Cowen reiterated a “hold” rating and issued a $22.00 price objective on shares of Kraft Heinz in a research report on Tuesday, September 22nd. BNP Paribas Exane upped their price objective on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Monday. Piper Sandler lifted their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $32.00 price target on shares of Kraft Heinz in a research note on Thursday, September 24th.

Kraft Heinz Stock Up 2.2%

KHC opened at $22.47 on Tuesday. The business has a 50 day moving average price of $24.59 and a two-hundred day moving average price of $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 company has a market cap of $26.64 billion, a PE ratio of -7.86, a P/E/G ratio of 2.99 and a beta of 0.12. Kraft Heinz has a 52 week low of $21.03 and a 52 week high of $28.09.

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

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Friday, September 4th. Kraft Heinz’s payout ratio is currently -55.94%.

Hedge Funds Weigh In On Kraft Heinz

Large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of Kraft Heinz by 27.2% in the third quarter. GAMMA Investing LLC now owns 30,397 shares of the company’s stock valued at $691,000 after buying an additional 6,493 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Kraft Heinz by 121.1% during the third quarter. Farther Finance Advisors LLC now owns 105,499 shares of the company’s stock worth $2,397,000 after acquiring an additional 57,787 shares during the period. Gradient Investments LLC raised its position in Kraft Heinz by 11.8% in the third quarter. Gradient Investments LLC now owns 667,877 shares of the company’s stock worth $15,174,000 after acquiring an additional 70,534 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new position in Kraft Heinz in the third quarter worth $288,000. Finally, Quintet Private Bank Europe S.A. lifted its holdings in Kraft Heinz by 82.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 94,149 shares of the company’s stock valued at $2,139,000 after acquiring an additional 42,430 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

About Kraft Heinz

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.