Wells Fargo & Company Lowers Kraft Heinz (NASDAQ:KHC) Price Target to $25.00

Kraft Heinz (NASDAQ:KHC) had its target price dropped by research analysts at Wells Fargo & Company from $27.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 1.05% from the stock’s current price.

KHC has been the topic of several other reports. Piper Sandler lowered their price objective on Kraft Heinz from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday. UBS Group decreased their target price on Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. Evercore ISI cut their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set an “in-line” rating for the company in a report on Thursday. Finally, DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $26.56.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $24.74 on Thursday. The stock has a market cap of $29.28 billion, a PE ratio of -6.63, a price-to-earnings-growth ratio of 2.88 and a beta of 0.16. Kraft Heinz has a 1 year low of $24.10 and a 1 year high of $34.08. The firm has a fifty day moving average price of $26.06 and a 200-day moving average price of $26.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The company had revenue of $6.39 billion for the quarter. Equities analysts anticipate that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kraft Heinz

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Kraft Heinz by 0.4% during the second quarter. Vanguard Group Inc. now owns 102,435,702 shares of the company’s stock valued at $2,644,890,000 after purchasing an additional 454,868 shares during the last quarter. State Street Corp increased its holdings in shares of Kraft Heinz by 1.0% in the 2nd quarter. State Street Corp now owns 46,376,394 shares of the company’s stock worth $1,197,438,000 after buying an additional 462,963 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Kraft Heinz by 14.7% during the 2nd quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock valued at $681,663,000 after buying an additional 3,392,470 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Kraft Heinz by 7.1% in the 2nd quarter. Invesco Ltd. now owns 17,584,674 shares of the company’s stock valued at $454,036,000 after acquiring an additional 1,171,262 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Kraft Heinz by 75.1% in the 3rd quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock valued at $351,263,000 after acquiring an additional 5,873,967 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

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.