BNP Paribas Exane Has Lowered Expectations for Kraft Heinz (NASDAQ:KHC) Stock Price

Kraft Heinz (NASDAQ:KHC) had its price objective reduced by equities research analysts at BNP Paribas Exane from $19.00 to $18.00 in a research report issued on Thursday,MarketScreener reports. The brokerage presently has an “underperform” rating on the stock. BNP Paribas Exane’s target price points to a potential downside of 21.57% from the company’s previous close.

KHC has been the subject of several other reports. TD Cowen lowered their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, March 25th. Zacks Research lowered Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Piper Sandler lowered their price target on Kraft Heinz from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Wells Fargo & Company dropped their price target on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Finally, The Goldman Sachs Group set a $23.00 price objective on Kraft Heinz in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and a consensus target price of $23.53.

Kraft Heinz Stock Performance

KHC opened at $22.95 on Thursday. The company has a market cap of $27.17 billion, a P/E ratio of -4.65 and a beta of 0.07. 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 firm’s 50-day moving average price is $23.48 and its 200-day moving average price is $24.26. Kraft Heinz has a 52-week low of $21.03 and a 52-week high of $30.42.

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

Insiders Place Their Bets

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of Kraft Heinz 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 completion of the transaction, the insider owned 197,463 shares in the company, valued at approximately $4,806,249.42. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Institutional Trading of Kraft Heinz

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Old North State Trust LLC lifted its holdings in Kraft Heinz by 7.0% in the fourth quarter. Old North State Trust LLC now owns 9,303 shares of the company’s stock valued at $226,000 after acquiring an additional 608 shares during the period. Stance Capital LLC increased its holdings 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 valued at $2,823,000 after purchasing an additional 114,685 shares in the last quarter. World Investment Advisors increased its holdings in shares of 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 purchasing an additional 7,346 shares in the last quarter. PeakShares LLC acquired a new position in shares of Kraft Heinz in the 4th quarter valued at $174,000. Finally, Auto Owners Insurance Co lifted its stake in shares of Kraft Heinz by 3,034.1% in the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock valued at $39,957,000 after purchasing an additional 15,951,271 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

About Kraft Heinz

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.