Analysts Set Kraft Heinz Company (NASDAQ:KHC) PT at $22.75

Kraft Heinz Company (NASDAQ:KHC) has received an average recommendation of “Reduce” from the nineteen research firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $22.8750.

A number of brokerages have recently issued reports on KHC. Wall Street Zen cut shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Jefferies Financial Group dropped their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 30th. JPMorgan Chase & Co. cut their price target on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, March 25th. Morgan Stanley set a $22.00 price target on Kraft Heinz in a report on Thursday, April 23rd. Finally, TD Cowen lowered their price objective on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, March 25th.

Insider Activity

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction that occurred 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 sale, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. The trade was a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after buying an additional 616,283 shares during the last quarter. Invesco Ltd. increased its position in Kraft Heinz by 10.5% during the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock valued at $478,347,000 after acquiring an additional 1,870,310 shares during the last quarter. Auto Owners Insurance Co increased its position in Kraft Heinz by 3,034.1% during the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock valued at $39,957,000 after acquiring an additional 15,951,271 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Kraft Heinz by 0.8% in the fourth quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock valued at $336,134,000 after acquiring an additional 106,970 shares during the period. Finally, Norges Bank purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at $332,382,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Up 1.4%

KHC stock opened at $25.37 on Friday. The company has a market cap of $30.08 billion, a price-to-earnings ratio of -5.22 and a beta of 0.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The business’s 50-day moving average is $23.32 and its two-hundred day moving average is $23.45. Kraft Heinz has a fifty-two week low of $21.03 and a fifty-two week high of $29.19.

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

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Friday, June 5th. Kraft Heinz’s payout ratio is currently -32.92%.

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.