BNP Paribas Exane Has Lowered Expectations for Kraft Heinz (NASDAQ:KHC) Stock Price

Kraft Heinz (NASDAQ:KHC) had its price target decreased by stock analysts at BNP Paribas Exane from $26.00 to $25.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the stock. BNP Paribas Exane’s price target suggests a potential upside of 2.04% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kraft Heinz from $27.00 to $26.00 in a report on Thursday, October 30th. Morgan Stanley reduced their price objective on Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. The Goldman Sachs Group dropped their target price on Kraft Heinz from $30.00 to $27.00 in a research report on Thursday, October 30th. TD Cowen decreased their price target on shares of Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Finally, Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Reduce” and an average price target of $26.63.

Kraft Heinz Stock Up 0.2%

Shares of NASDAQ KHC opened at $24.50 on Tuesday. The firm has a 50 day moving average price of $24.93 and a 200 day moving average price of $26.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13. The stock has a market cap of $29.00 billion, a P/E ratio of -6.57 and a beta of 0.09. Kraft Heinz has a 52-week low of $23.70 and a 52-week high of $33.35.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $6.39 billion during the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. Analysts expect that Kraft Heinz will post 2.68 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Kraft Heinz by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 102,435,702 shares of the company’s stock worth $2,644,890,000 after purchasing an additional 454,868 shares during the last quarter. State Street Corp grew its holdings in Kraft Heinz by 1.0% during the second quarter. State Street Corp now owns 46,376,394 shares of the company’s stock worth $1,197,438,000 after purchasing an additional 462,963 shares during the period. Geode Capital Management LLC increased its position in Kraft Heinz by 14.7% during the second quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock worth $681,663,000 after buying an additional 3,392,470 shares during the last quarter. Invesco Ltd. increased its position in Kraft Heinz by 1.5% during the third quarter. Invesco Ltd. now owns 17,855,352 shares of the company’s stock worth $464,953,000 after buying an additional 270,678 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Kraft Heinz by 75.1% in the third quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock valued at $351,263,000 after buying an additional 5,873,967 shares during the period. Institutional investors own 78.17% of the company’s stock.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.