Kraft Heinz Company (NASDAQ:KHC) Receives $26.16 Average PT from Analysts

Kraft Heinz Company (NASDAQ:KHC) has received a consensus recommendation of “Reduce” from the twenty-three brokerages that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.1579.

Several equities analysts have weighed in on KHC shares. UBS Group restated a “neutral” rating on shares of Kraft Heinz in a research note on Tuesday. Sanford C. Bernstein lowered their target price on shares of Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating for the company in a report on Tuesday, October 28th. Jefferies Financial Group cut their price target on shares of Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Evercore ISI reduced their price objective on shares of Kraft Heinz from $28.00 to $25.00 in a research report on Friday, January 9th. Finally, Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th.

Kraft Heinz Price Performance

KHC stock opened at $24.48 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13. The business has a 50-day simple moving average of $24.06 and a two-hundred day simple moving average of $25.50. The company has a market capitalization of $28.98 billion, a P/E ratio of -6.56 and a beta of 0.08. Kraft Heinz has a 52-week low of $21.99 and a 52-week high of $33.35.

Insider Activity at Kraft Heinz

In related news, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the sale, the insider directly owned 686,817 shares in the company, valued at approximately $17,046,797.94. This trade represents a 15.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Kraft Heinz

Institutional investors have recently bought and sold shares of the company. Key Capital Management INC bought a new stake in shares of Kraft Heinz in the fourth quarter valued at $29,000. New England Capital Financial Advisors LLC increased its holdings in Kraft Heinz by 70.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after acquiring an additional 511 shares during the last quarter. Rakuten Securities Inc. raised its stake in Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after acquiring an additional 788 shares during the period. Cape Investment Advisory Inc. raised its stake in Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after acquiring an additional 807 shares during the period. Finally, Anfield Capital Management LLC lifted its holdings in Kraft Heinz by 256.7% during the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after purchasing an additional 914 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

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.