Brokerages Set Kraft Heinz Company (NASDAQ:KHC) Target Price at $23.33

Kraft Heinz Company (NASDAQ:KHC) has received a consensus rating of “Reduce” from the seventeen research firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $23.3333.

KHC has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. TD Cowen lifted their target price on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. UBS Group increased their price target on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Piper Sandler raised their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $24.60 on Friday. Kraft Heinz has a twelve month low of $21.03 and a twelve month 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 has a market cap of $29.17 billion, a price-to-earnings ratio of -8.60, a PEG ratio of 2.99 and a beta of 0.09. The firm’s 50 day moving average price is $25.46 and its two-hundred day moving average price is $23.97.

Kraft Heinz (NASDAQ:KHC) last released its earnings results 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 positive return on equity of 7.10% and a negative net margin of 13.64%.The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Equities analysts anticipate that Kraft Heinz will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.40 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a yield of 6.5%. Kraft Heinz’s dividend payout ratio is presently -55.94%.

Insider Activity

In other news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, the insider directly owned 102,667 shares in the company, 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 at this link. 0.24% of the stock is owned by company insiders.

Institutional Trading of Kraft Heinz

A number of institutional investors have recently bought and sold shares of the company. Waverly Advisors LLC lifted its holdings in shares of Kraft Heinz by 3.9% during the second quarter. Waverly Advisors LLC now owns 11,438 shares of the company’s stock worth $270,000 after purchasing an additional 433 shares during the period. Graney & King LLC increased its stake in Kraft Heinz by 20.5% in the 4th quarter. Graney & King LLC now owns 2,560 shares of the company’s stock valued at $62,000 after buying an additional 435 shares during the period. Parkside Financial Bank & Trust increased its stake in Kraft Heinz by 19.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,097 shares of the company’s stock valued at $73,000 after buying an additional 508 shares during the period. Triumph Capital Management raised its position in Kraft Heinz by 14.4% during the 2nd quarter. Triumph Capital Management now owns 4,042 shares of the company’s stock worth $95,000 after buying an additional 509 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators raised its position in Kraft Heinz by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock worth $201,000 after buying an additional 515 shares during the last quarter. 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 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.