Evercore ISI started coverage on shares of Kraft Heinz (NASDAQ:KHC) in a report issued on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued an in-line rating and a $32.00 target price on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Kraft Heinz from a sell rating to a hold rating in a research note on Wednesday, February 13th. Credit Suisse Group reaffirmed an underperform rating and issued a $26.00 price objective (down previously from $33.00) on shares of Kraft Heinz in a research note on Thursday, May 30th. Piper Jaffray Companies raised shares of Kraft Heinz from an underweight rating to a neutral rating and set a $31.00 price objective for the company in a research note on Friday, May 31st. Barclays cut shares of Kraft Heinz from an overweight rating to an equal weight rating in a research note on Friday, February 22nd. Finally, Wolfe Research cut shares of Kraft Heinz from a peer perform rating to an underperform rating and set a $27.00 price objective for the company. in a research note on Friday, March 29th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Kraft Heinz presently has a consensus rating of Hold and an average target price of $41.22.

Shares of NASDAQ:KHC opened at $30.41 on Tuesday. The firm has a market capitalization of $36.89 billion, a PE ratio of 8.61, a P/E/G ratio of 2.92 and a beta of 0.69. Kraft Heinz has a one year low of $26.96 and a one year high of $64.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 1.22.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.26%. Kraft Heinz’s payout ratio is currently 45.33%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Clifford Swan Investment Counsel LLC lifted its position in shares of Kraft Heinz by 0.7% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 33,710 shares of the company’s stock worth $1,451,000 after purchasing an additional 225 shares during the period. Delta Asset Management LLC TN lifted its position in shares of Kraft Heinz by 3.5% in the 4th quarter. Delta Asset Management LLC TN now owns 7,466 shares of the company’s stock worth $320,000 after purchasing an additional 250 shares during the period. IHT Wealth Management LLC lifted its position in shares of Kraft Heinz by 4.4% in the 4th quarter. IHT Wealth Management LLC now owns 6,081 shares of the company’s stock worth $262,000 after purchasing an additional 259 shares during the period. Nations Financial Group Inc. IA ADV lifted its position in shares of Kraft Heinz by 6.2% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 5,183 shares of the company’s stock worth $223,000 after purchasing an additional 301 shares during the period. Finally, ETF Managers Group LLC lifted its position in shares of Kraft Heinz by 18.3% in the 4th quarter. ETF Managers Group LLC now owns 2,138 shares of the company’s stock worth $92,000 after purchasing an additional 330 shares during the period. 58.23% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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