The Kraft Heinz Company (NASDAQ:KHC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of The Kraft Heinz Company (NASDAQ:KHCGet Free Report) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $39.75.

A number of equities analysts have recently issued reports on KHC shares. Wells Fargo & Company lowered their price objective on Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft raised their price objective on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Bank of America raised their price objective on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Piper Sandler lowered their price objective on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, June 20th.

View Our Latest Analysis on Kraft Heinz

Kraft Heinz Price Performance

Kraft Heinz stock opened at $31.93 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $38.77 billion, a PE ratio of 13.94, a P/E/G ratio of 2.59 and a beta of 0.53. Kraft Heinz has a 12 month low of $30.68 and a 12 month high of $38.96. The stock has a 50-day moving average price of $34.30 and a two-hundred day moving average price of $35.80.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. Analysts expect that Kraft Heinz will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 6th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a yield of 5.01%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $35.95, for a total value of $364,533.00. Following the completion of the sale, the insider now owns 158,266 shares of the company’s stock, valued at $5,689,662.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Hedge funds have recently added to or reduced their stakes in the company. FSC Wealth Advisors LLC boosted its position in shares of Kraft Heinz by 23.4% during the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock valued at $53,000 after buying an additional 270 shares during the last quarter. NBT Bank N A NY boosted its position in shares of Kraft Heinz by 2.2% during the first quarter. NBT Bank N A NY now owns 12,785 shares of the company’s stock valued at $472,000 after buying an additional 270 shares during the last quarter. Welch Group LLC boosted its position in shares of Kraft Heinz by 1.9% during the first quarter. Welch Group LLC now owns 14,868 shares of the company’s stock valued at $549,000 after buying an additional 272 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Kraft Heinz by 13.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 2,423 shares of the company’s stock valued at $89,000 after buying an additional 282 shares during the last quarter. Finally, Archer Investment Corp lifted its holdings in Kraft Heinz by 2.0% during the fourth quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock worth $544,000 after acquiring an additional 294 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Company Profile

(Get Free Report

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.

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Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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