Kraft Heinz (NASDAQ:KHC) Upgraded by Royal Bank Of Canada to “Moderate Buy” Rating

Royal Bank Of Canada upgraded shares of Kraft Heinz (NASDAQ:KHC) to a moderate buy rating in a research note published on Thursday,Zacks reports.

Other equities analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Piper Sandler boosted their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Barclays increased their price objective on Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. BNP Paribas Exane boosted their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. Finally, Wall Street Zen cut shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and an average target price of $23.88.

Kraft Heinz Trading Down 1.2%

NASDAQ KHC opened at $24.42 on Thursday. Kraft Heinz has a 52 week low of $21.03 and a 52 week high of $28.09. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. The stock’s 50 day moving average price is $25.43 and its two-hundred day moving average price is $23.97. The stock has a market capitalization of $28.96 billion, a price-to-earnings ratio of -8.54, a PEG ratio of 2.99 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the company earned $0.69 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, analysts anticipate that Kraft Heinz will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s payout ratio is -55.94%.

Hedge Funds Weigh In On Kraft Heinz

Large investors have recently modified their holdings of the stock. Waverly Advisors LLC grew its stake in Kraft Heinz by 3.9% in the 2nd quarter. Waverly Advisors LLC now owns 11,438 shares of the company’s stock valued at $270,000 after buying an additional 433 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Kraft Heinz by 19.6% during the second quarter. Parkside Financial Bank & Trust now owns 3,097 shares of the company’s stock worth $73,000 after acquiring an additional 508 shares during the last quarter. Triumph Capital Management boosted its holdings in shares of Kraft Heinz by 14.4% during the second quarter. Triumph Capital Management now owns 4,042 shares of the company’s stock worth $95,000 after acquiring an additional 509 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in shares of Kraft Heinz by 6.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock worth $201,000 after acquiring an additional 515 shares during the period. Finally, Van Hulzen Asset Management LLC grew its position in shares of Kraft Heinz by 5.6% in the second quarter. Van Hulzen Asset Management LLC now owns 10,029 shares of the company’s stock valued at $237,000 after purchasing an additional 529 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 that develops, manufactures and markets branded products for consumers, retailers, foodservice operators and other customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, beverages, snacks and other packaged foods.

The company’s well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.