Kraft Heinz (NASDAQ:KHC) Price Target Lowered to $20.00 at Jefferies Financial Group

Kraft Heinz (NASDAQ:KHC) had its price objective trimmed by Jefferies Financial Group from $23.00 to $20.00 in a report released on Monday morning,MarketScreener reports. The firm currently has a hold rating on the stock.

KHC has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research report on Thursday, January 22nd. TD Cowen reiterated a “hold” rating on shares of Kraft Heinz in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday. Mizuho reduced their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $23.89.

Kraft Heinz Trading Down 1.2%

Kraft Heinz stock traded down $0.28 during midday trading on Monday, reaching $22.22. The stock had a trading volume of 2,095,888 shares, compared to its average volume of 16,682,672. The stock’s 50-day simple moving average is $23.51 and its 200 day simple moving average is $24.38. Kraft Heinz has a twelve month low of $21.03 and a twelve month high of $31.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15. The stock has a market capitalization of $26.30 billion, a PE ratio of -4.49 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts expect that Kraft Heinz will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 7.2%. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.39%.

Insider Activity at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $24.61, for a total value of $222,597.45. Following the transaction, the insider owned 202,454 shares in the company, valued at approximately $4,982,392.94. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of Kraft Heinz in the 1st quarter valued at approximately $207,000. Woodline Partners LP grew its position in shares of Kraft Heinz by 39.0% during the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after buying an additional 20,690 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Kraft Heinz in the second quarter worth $606,000. Northwestern Mutual Wealth Management Co. raised its holdings in Kraft Heinz by 33.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 99,350 shares of the company’s stock valued at $2,565,000 after acquiring an additional 25,082 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in Kraft Heinz by 1.5% during the 2nd quarter. M&T Bank Corp now owns 170,577 shares of the company’s stock valued at $4,404,000 after acquiring an additional 2,519 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.