Kraft Heinz (NASDAQ:KHC) Price Target Lowered to $20.00 at Jefferies Financial Group

Kraft Heinz (NASDAQ:KHC) had its price objective dropped by equities research analysts at Jefferies Financial Group from $23.00 to $20.00 in a report issued on Monday,MarketScreener reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target would indicate a potential downside of 9.48% from the stock’s previous close.

Several other brokerages have also issued reports on KHC. Barclays boosted their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. Wells Fargo & Company dropped their price objective 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. TD Cowen reissued a “hold” rating on shares of Kraft Heinz in a research note on Thursday, February 12th. Sanford C. Bernstein increased their price target on Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $23.89.

Kraft Heinz Trading Down 1.8%

Kraft Heinz stock traded down $0.40 during mid-day trading on Monday, hitting $22.10. The stock had a trading volume of 1,630,791 shares, compared to its average volume of 16,661,061. The stock has a 50-day simple moving average of $23.51 and a two-hundred day simple moving average of $24.38. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $26.15 billion, a PE ratio of -4.45 and a beta of 0.06. Kraft Heinz has a 12 month low of $21.03 and a 12 month high of $31.15.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, sell-side analysts forecast that Kraft Heinz will post 2.68 EPS for the current year.

Insiders Place Their Bets

In related news, insider Cory Onell sold 9,045 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the transaction, the insider directly owned 202,454 shares of the company’s stock, valued at approximately $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jessup Wealth Management Inc bought a new position in shares of Kraft Heinz in the fourth quarter valued at about $27,000. Reflection Asset Management bought a new stake in shares of Kraft Heinz during the 4th quarter worth about $28,000. Key Capital Management INC acquired a new position in Kraft Heinz in the 4th quarter valued at about $29,000. DV Equities LLC bought a new position in Kraft Heinz in the 4th quarter valued at about $29,000. Finally, New England Capital Financial Advisors LLC lifted its position in Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after acquiring an additional 511 shares during the last quarter. 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 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.