Kraft Heinz (NASDAQ:KHC) Given New $19.00 Price Target at BNP Paribas Exane

Kraft Heinz (NASDAQ:KHC) had its price target increased by BNP Paribas Exane from $17.00 to $19.00 in a note issued to investors on Tuesday,MarketScreener reports. The firm presently has an “underperform” rating on the stock. BNP Paribas Exane’s target price indicates a potential downside of 21.46% from the stock’s current price.

Several other equities analysts also recently issued reports on the company. Wall Street Zen downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Sunday, May 31st. TD Cowen decreased their target price on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. BTIG Research began coverage on Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, UBS Group upped their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $22.88.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $24.19 on Tuesday. The stock has a market capitalization of $28.68 billion, a price-to-earnings ratio of -4.98 and a beta of 0.08. The firm’s 50-day moving average price is $23.18 and its two-hundred day moving average price is $23.44. The company has a current ratio of 1.20, a quick ratio of 0.82 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 $29.19.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. Kraft Heinz’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities analysts predict that Kraft Heinz will post 2.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Kraft Heinz

Large investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in Kraft Heinz in the first quarter valued at about $207,000. Woodline Partners LP raised its holdings in Kraft Heinz by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after purchasing an additional 20,690 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Kraft Heinz by 16.6% during the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock worth $1,323,000 after purchasing an additional 7,307 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock valued at $13,482,000 after purchasing an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC acquired a new position in Kraft Heinz during the 2nd quarter valued at about $207,000. Institutional investors and hedge funds 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.