Kraft Heinz Company (NASDAQ:KHC) Stock Has Average Target Price of $23.75

Shares of Kraft Heinz Company (NASDAQ:KHC) have received an average recommendation of “Reduce” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $23.75.

Several equities analysts have recently issued reports on the company. UBS Group boosted their price objective on Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Wells Fargo & Company lowered their target price on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $32.00 target price on shares of Kraft Heinz in a research note on Thursday, September 24th. TD Cowen reiterated a “hold” rating and set a $22.00 price target on shares of Kraft Heinz in a research report on Tuesday, September 22nd. Finally, Weiss Ratings cut Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th.

Kraft Heinz Stock Up 0.7%

KHC stock opened at $22.42 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. Kraft Heinz has a fifty-two week low of $21.03 and a fifty-two week high of $28.09. The firm’s 50-day simple moving average is $24.44 and its 200 day simple moving average is $23.97. The stock has a market cap of $26.59 billion, a PE ratio of -7.84, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 firm 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 firm posted $0.69 EPS. Kraft Heinz’s quarterly 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, sell-side analysts predict that Kraft Heinz will post 2.06 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 7.1%. Kraft Heinz’s dividend payout ratio is presently -55.94%.

Hedge Funds Weigh In On Kraft Heinz

A number of institutional investors and hedge funds have recently bought and sold shares of KHC. BlackRock Inc. purchased a new stake in Kraft Heinz in the 2nd quarter worth about $1,803,911,000. Auto Owners Insurance Co boosted its holdings in shares of Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after buying an additional 15,951,271 shares during the period. Nykredit A S bought a new stake in shares of Kraft Heinz during the 2nd quarter worth $181,408,000. Deutsche Bank AG acquired a new position in Kraft Heinz in the 2nd quarter valued at $179,876,000. Finally, Bank of New York Mellon Corp acquired a new position in Kraft Heinz in the 2nd quarter valued at $170,097,000. 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 that develops, manufactures and markets packaged foods and beverages for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and other grocery items.

The company’s brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Jell-O, Ore-Ida, Classico, Grey Poupon and Planters.