Kraft Heinz (NASDAQ:KHC) Receives Hold Rating from TD Cowen

Kraft Heinz (NASDAQ:KHC)‘s stock had its “hold” rating reissued by analysts at TD Cowen in a report released on Tuesday, Benzinga reports. They currently have a $22.00 target price on the stock. TD Cowen’s price objective would indicate a potential downside of 9.56% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Evercore set a $24.00 price target on Kraft Heinz in a report on Thursday, August 6th. UBS Group raised their price target on Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Royal Bank Of Canada assumed coverage on shares of Kraft Heinz in a research note on Thursday, September 17th. They set an “outperform” rating and a $32.00 price target on the stock. Wall Street Zen downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Sanford C. Bernstein lowered shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and a consensus price target of $23.88.

Kraft Heinz Price Performance

Kraft Heinz stock traded down $0.04 during midday trading on Tuesday, reaching $24.32. 1,139,602 shares of the stock traded hands, compared to its average volume of 16,007,273. The stock’s fifty day moving average is $25.41 and its 200-day moving average is $23.97. Kraft Heinz has a 12 month low of $21.03 and a 12 month high of $28.09. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The stock has a market cap of $28.85 billion, a P/E ratio of -8.51, a PEG ratio of 2.99 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last issued 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 positive return on equity of 7.10% and a negative net margin of 13.64%.The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The company’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, equities research analysts anticipate that Kraft Heinz will post 2.06 EPS for the current year.

Hedge Funds Weigh In On Kraft Heinz

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Kraft Heinz in the 2nd quarter valued at about $1,803,911,000. Auto Owners Insurance Co boosted its stake in Kraft Heinz by 3,034.1% during the fourth 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. Norges Bank purchased a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $332,382,000. Nykredit A S acquired a new position in shares of Kraft Heinz in the 2nd quarter worth approximately $181,408,000. Finally, Deutsche Bank AG purchased a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $179,876,000. Hedge funds and other 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 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.