Kraft Heinz (NASDAQ:KHC) Price Target Cut to $27.00 by Analysts at Wells Fargo & Company

Kraft Heinz (NASDAQ:KHC) had its target price cut by Wells Fargo & Company from $29.00 to $27.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts also recently issued reports on KHC. DZ Bank downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research note on Friday, May 9th. UBS Group upped their price objective on shares of Kraft Heinz from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Morgan Stanley set a $29.00 price objective on shares of Kraft Heinz and gave the company an “equal weight” rating in a research note on Wednesday. Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the company a “neutral” rating in a research note on Wednesday, May 28th. Finally, The Goldman Sachs Group upgraded shares of Kraft Heinz from a “sell” rating to a “neutral” rating and upped their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. Seventeen analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $29.88.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $26.93 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $27.41 and a 200 day moving average price of $28.25. The company has a market cap of $31.87 billion, a P/E ratio of -6.00, a PEG ratio of 3.26 and a beta of 0.23. Kraft Heinz has a 12 month low of $25.44 and a 12 month high of $36.53.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Kraft Heinz’s revenue for the quarter was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Sell-side analysts predict that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.9%. Kraft Heinz’s dividend payout ratio is -35.63%.

Insider Buying and Selling at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the transaction, the director directly owned 40,000 shares of the company’s stock, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Rossby Financial LCC purchased a new position in Kraft Heinz during the first quarter worth about $29,000. Rakuten Securities Inc. raised its holdings in Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Kraft Heinz during the first quarter worth about $33,000. Cape Investment Advisory Inc. raised its holdings in Kraft Heinz by 164.7% during the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after purchasing an additional 807 shares in the last quarter. Finally, Investment Management Corp VA ADV raised its holdings in Kraft Heinz by 141.7% during the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock worth $35,000 after purchasing an additional 669 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.