Kraft Heinz (NASDAQ:KHC) Price Target Cut to $20.00 by Analysts at Deutsche Bank Aktiengesellschaft

Kraft Heinz (NASDAQ:KHC) had its target price cut by equities researchers at Deutsche Bank Aktiengesellschaft from $23.00 to $20.00 in a report released on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential downside of 10.73% from the company’s previous close.

Other equities research analysts have also issued reports about the company. BNP Paribas Exane reduced their price target on Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating for the company in a report on Thursday, February 12th. Mizuho cut their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. UBS Group lifted their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. TD Cowen reissued a “hold” rating on shares of Kraft Heinz in a research report on Thursday, February 12th. Finally, Piper Sandler cut their price target on shares of Kraft Heinz from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, Kraft Heinz has an average rating of “Reduce” and a consensus target price of $24.44.

Kraft Heinz Stock Up 1.7%

Shares of NASDAQ:KHC traded up $0.37 during trading on Monday, reaching $22.41. 5,480,512 shares of the company traded hands, compared to its average volume of 16,729,049. The firm has a fifty day simple moving average of $23.56 and a 200 day simple moving average of $24.44. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. Kraft Heinz has a 1-year low of $21.03 and a 1-year high of $31.15. The firm has a market cap of $26.52 billion, a P/E ratio of -4.54 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $6.38 billion. During the same period last year, the company earned $0.84 earnings per share. Kraft Heinz’s quarterly revenue was down 3.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts anticipate that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total transaction of $222,597.45. Following the transaction, the insider owned 202,454 shares in the company, valued at $4,982,392.94. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by company insiders.

Institutional Trading of Kraft Heinz

Large investors have recently modified their holdings of the company. Jessup Wealth Management Inc acquired a new position in Kraft Heinz during the 4th quarter worth $27,000. Reflection Asset Management acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $28,000. Key Capital Management INC bought a new position in shares of Kraft Heinz in the fourth quarter worth about $29,000. DV Equities LLC bought a new position in shares of Kraft Heinz in the fourth quarter worth about $29,000. Finally, New England Capital Financial Advisors LLC lifted its position in shares of Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after purchasing an additional 511 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

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.