Jefferies Financial Group Issues Pessimistic Forecast for Kraft Heinz (NASDAQ:KHC) Stock Price

Kraft Heinz (NASDAQ:KHC) had its target price cut by equities researchers at Jefferies Financial Group from $23.00 to $20.00 in a research report issued on Monday,MarketScreener reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target would suggest a potential downside of 10.29% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. TD Cowen reissued a “hold” rating on shares of Kraft Heinz in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday. Barclays boosted their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. The Goldman Sachs Group set a $23.00 price objective on Kraft Heinz in a research report on Thursday, February 12th. Finally, Morgan Stanley restated an “underweight” rating and issued a $23.00 target price on shares of Kraft Heinz in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $23.89.

Kraft Heinz Trading Down 0.9%

Shares of Kraft Heinz stock traded down $0.20 on Monday, hitting $22.30. The stock had a trading volume of 2,735,234 shares, compared to its average volume of 16,688,160. The stock’s 50-day simple moving average is $23.51 and its two-hundred day simple moving average is $24.38. Kraft Heinz has a one year low of $21.03 and a one year high of $31.15. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The stock has a market cap of $26.39 billion, a price-to-earnings ratio of -4.52 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly 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 negative net margin of 23.44% and a positive return on equity of 7.07%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, sell-side analysts predict that Kraft Heinz will post 2.68 EPS for the current year.

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 4,991 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider owned 197,463 shares of the company’s stock, valued at $4,806,249.42. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Old North State Trust LLC increased its position in shares of Kraft Heinz by 7.0% during the fourth quarter. Old North State Trust LLC now owns 9,303 shares of the company’s stock worth $226,000 after purchasing an additional 608 shares in the last quarter. Stance Capital LLC grew its stake in 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 buying an additional 114,685 shares during the last quarter. World Investment Advisors increased its position in Kraft Heinz by 53.3% during the 4th quarter. World Investment Advisors now owns 21,138 shares of the company’s stock valued at $513,000 after buying an additional 7,346 shares in the last quarter. PeakShares LLC purchased a new stake in Kraft Heinz in the fourth quarter valued at about $174,000. Finally, Auto Owners Insurance Co boosted its holdings in Kraft Heinz by 3,034.1% in the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after acquiring an additional 15,951,271 shares in 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.