Kraft Heinz Company (KHC) To Go Ex-Dividend on March 6th

Kraft Heinz Company (NASDAQ:KHC) declared a quarterly dividend on Wednesday, February 11th. Shareholders of record on Friday, March 6th will be paid a dividend of 0.40 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, March 6th.

Kraft Heinz has a payout ratio of 59.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kraft Heinz to earn $2.82 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 56.7%.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $24.32 on Friday. The company has a market cap of $28.79 billion, a P/E ratio of -4.92 and a beta of 0.08. The business has a 50 day moving average of $24.00 and a two-hundred day moving average of $25.36. Kraft Heinz has a 52 week low of $21.99 and a 52 week high of $33.35. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the prior year, the firm earned $0.84 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts anticipate that Kraft Heinz will post 2.68 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KHC. Morgan Stanley cut their target price on Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Barclays increased their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday. The Goldman Sachs Group set a $23.00 price objective on shares of Kraft Heinz in a research report on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group dropped their price target on shares of Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and a consensus price target of $25.32.

Kraft Heinz Company Profile

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.