Kraft Heinz (NASDAQ:KHC) Price Target Raised to $22.00

Kraft Heinz (NASDAQ:KHC) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $21.00 to $22.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 12.28% from the stock’s current price.

Several other research analysts have also commented on the company. Morgan Stanley set a $22.00 price target on Kraft Heinz in a report on Thursday, April 23rd. BNP Paribas Exane lifted their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. UBS Group boosted their target price on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Finally, Wells Fargo & Company increased their price target on Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and a consensus price target of $23.06.

Kraft Heinz Trading Down 0.6%

KHC stock opened at $25.08 on Wednesday. Kraft Heinz has a 12-month low of $21.03 and a 12-month high of $29.19. The business’s 50-day moving average is $23.77 and its 200 day moving average is $23.48. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The stock has a market cap of $29.74 billion, a price-to-earnings ratio of -5.16 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. During the same quarter last year, the business posted $0.62 earnings per share. The business’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. On average, sell-side analysts anticipate that Kraft Heinz will post 2.07 EPS for the current fiscal year.

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of the business’s 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 sale, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Kraft Heinz

Several hedge funds have recently added to or reduced their stakes in KHC. Ashton Thomas Private Wealth LLC acquired a new position in Kraft Heinz during the 1st quarter worth approximately $207,000. Woodline Partners LP grew its stake in shares of Kraft Heinz by 39.0% during the first 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 in the last quarter. NewEdge Advisors LLC increased its holdings in Kraft Heinz by 16.6% in the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after buying an additional 7,307 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after acquiring an additional 4,003 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in Kraft Heinz during the second quarter worth approximately $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.