Kraft Heinz (NASDAQ:KHC) Price Target Lowered to $24.00 at Piper Sandler

Kraft Heinz (NASDAQ:KHC) had its price objective dropped by Piper Sandler from $26.00 to $24.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential upside of 13.13% from the company’s current price.

Several other equities research analysts also recently issued reports on KHC. Sanford C. Bernstein lifted their price objective on Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, February 12th. The Goldman Sachs Group set a $23.00 price target on shares of Kraft Heinz in a report on Thursday, February 12th. Jefferies Financial Group reduced their price objective 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. Finally, Mizuho decreased their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and a consensus price target of $24.67.

Kraft Heinz Stock Down 1.6%

NASDAQ:KHC traded down $0.36 on Monday, reaching $21.22. The stock had a trading volume of 11,163,565 shares, compared to its average volume of 16,840,316. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $23.78 and a 200 day moving average of $24.62. The stock has a market cap of $25.11 billion, a P/E ratio of -4.30 and a beta of 0.06. Kraft Heinz has a 12-month low of $21.08 and a 12-month high of $31.15.

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, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, research analysts predict that Kraft Heinz will post 2.68 earnings per share for the current year.

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the sale, the insider owned 202,454 shares in the company, valued at $4,982,392.94. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kraft Heinz

Institutional investors have recently modified their holdings of the business. Stance Capital LLC raised its position in shares of Kraft Heinz by 6,633.0% during the 4th quarter. Stance Capital LLC now owns 116,414 shares of the company’s stock worth $2,823,000 after purchasing an additional 114,685 shares during the period. World Investment Advisors lifted its holdings in shares of Kraft Heinz by 53.3% in the 4th quarter. World Investment Advisors now owns 21,138 shares of the company’s stock worth $513,000 after purchasing an additional 7,346 shares during the last quarter. PeakShares LLC acquired a new position in Kraft Heinz during the 4th quarter valued at approximately $174,000. Auto Owners Insurance Co grew its stake in Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after buying an additional 15,951,271 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in Kraft Heinz by 40.0% during the 4th quarter. Hsbc Holdings PLC now owns 2,742,285 shares of the company’s stock worth $66,587,000 after buying an additional 783,361 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

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.