Analysts Set Kraft Heinz Company (NASDAQ:KHC) PT at $22.75

Kraft Heinz Company (NASDAQ:KHC) has received a consensus recommendation of “Reduce” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $22.8750.

A number of research analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Sanford C. Bernstein lowered shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. Morgan Stanley set a $22.00 price target on Kraft Heinz in a research note on Thursday, April 23rd. Piper Sandler lifted their price objective on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Finally, BNP Paribas Exane upped their price objective on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday, June 30th.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $25.37 on Friday. Kraft Heinz has a one year low of $21.03 and a one year high of $29.19. The business’s fifty day moving average is $23.39 and its 200 day moving average is $23.46. The stock has a market capitalization of $30.08 billion, a PE ratio of -5.22 and a beta of 0.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.Kraft Heinz’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, sell-side analysts predict that Kraft Heinz will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s payout ratio is currently -32.92%.

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the transaction, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Kraft Heinz

A number of hedge funds have recently modified their holdings of the company. Graney & King LLC lifted its stake in shares of Kraft Heinz by 20.5% during the 4th quarter. Graney & King LLC now owns 2,560 shares of the company’s stock valued at $62,000 after buying an additional 435 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Kraft Heinz by 3.2% in the 4th quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock worth $361,000 after buying an additional 458 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Kraft Heinz by 1.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock worth $718,000 after buying an additional 490 shares in the last quarter. New England Capital Financial Advisors LLC raised its holdings in Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after acquiring an additional 511 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its position in shares of Kraft Heinz by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock valued at $201,000 after acquiring an additional 515 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

About Kraft Heinz

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.