Analysts Set Kraft Heinz Company (NASDAQ:KHC) Target Price at $25.00

Kraft Heinz Company (NASDAQ:KHC) has earned an average rating of “Reduce” from the twenty-one ratings firms that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $24.8889.

A number of brokerages have issued reports on KHC. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, February 12th. Mizuho cut their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Thursday, January 22nd. HSBC dropped their price objective on Kraft Heinz from $29.00 to $27.00 in a report on Thursday, October 30th. Finally, Zacks Research lowered Kraft Heinz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th.

Insider Buying and Selling

In other news, insider Miguel Patricio sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the transaction, the insider directly owned 686,817 shares in the company, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KHC. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Kraft Heinz in the 1st quarter valued at approximately $207,000. Woodline Partners LP lifted its stake in Kraft Heinz by 39.0% in the 1st 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. Bleakley Financial Group LLC boosted its position in Kraft Heinz by 64.9% in the second quarter. Bleakley Financial Group LLC now owns 17,603 shares of the company’s stock valued at $455,000 after buying an additional 6,931 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Kraft Heinz by 7.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,899,230 shares of the company’s stock worth $74,858,000 after buying an additional 195,486 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs grew its stake in shares of Kraft Heinz by 9.7% during the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 41,291 shares of the company’s stock worth $1,066,000 after buying an additional 3,656 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $24.56 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79. The firm has a market cap of $29.07 billion, a price-to-earnings ratio of -4.97 and a beta of 0.08. The stock’s fifty day moving average price is $23.98 and its two-hundred day moving average price is $25.14. Kraft Heinz has a one year low of $21.99 and a one year high of $33.35.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. Kraft Heinz’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. On average, equities analysts forecast that Kraft Heinz will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, March 6th. Kraft Heinz’s dividend payout ratio is presently -32.39%.

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.