Kraft Heinz Company (NASDAQ:KHC) Receives $23.62 Average PT from Brokerages

Kraft Heinz Company (NASDAQ:KHC) has been assigned an average rating of “Reduce” from the eighteen analysts that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $23.6250.

Several research analysts have recently commented on the stock. Morgan Stanley set a $22.00 price target on shares of Kraft Heinz in a research note on Thursday, April 23rd. Barclays lifted their price objective on shares of Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. UBS Group upped their price objective on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. raised their target price on Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. Finally, Evercore set a $24.00 price target on Kraft Heinz in a research report on Thursday, August 6th.

Insiders Place Their Bets

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the company’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 sale, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Kraft Heinz

Institutional investors and hedge funds have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in Kraft Heinz during the 1st quarter worth $207,000. Woodline Partners LP grew its position in shares of Kraft Heinz by 39.0% in the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after purchasing an additional 20,690 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Kraft Heinz by 16.6% in the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock worth $1,323,000 after purchasing an additional 7,307 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Kraft Heinz by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after purchasing an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC acquired a new position in shares of Kraft Heinz during the 2nd quarter worth about $207,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 3.5%

Shares of Kraft Heinz stock opened at $25.68 on Monday. The firm has a market cap of $30.45 billion, a price-to-earnings ratio of -8.98 and a beta of 0.08. The stock has a 50-day simple moving average of $24.94 and a 200-day simple moving average of $23.86. Kraft Heinz has a 52-week low of $21.03 and a 52-week high of $28.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate 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 was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, equities research analysts expect that Kraft Heinz will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.2%. The ex-dividend date is Friday, September 4th. Kraft Heinz’s payout ratio is -55.94%.

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.