Kraft Heinz Company (NASDAQ:KHC) Receives $26.63 Average Price Target from Brokerages

Kraft Heinz Company (NASDAQ:KHC) has been given a consensus recommendation of “Reduce” by the twenty-two ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $26.6316.

Several equities analysts have commented on KHC shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Kraft Heinz in a research report on Tuesday, December 16th. The Goldman Sachs Group cut their price target on shares of Kraft Heinz from $30.00 to $27.00 in a report on Thursday, October 30th. Zacks Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Evercore ISI lowered their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set an “in-line” rating for the company in a research report on Thursday, October 30th. Finally, Barclays dropped their target price on shares of Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th.

Insider Buying and Selling at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the transaction, the insider owned 686,817 shares of the company’s stock, valued at approximately $17,046,797.94. This represents a 15.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.35% of the company’s stock.

Institutional Trading of Kraft Heinz

Hedge funds have recently added to or reduced their stakes in the business. Rakuten Securities Inc. increased its position in Kraft Heinz by 172.4% during the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares during the period. Anfield Capital Management LLC boosted its stake in shares of Kraft Heinz by 256.7% during the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after purchasing an additional 914 shares in the last quarter. Cape Investment Advisory Inc. increased its holdings in Kraft Heinz by 164.7% during the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after buying an additional 807 shares during the period. Banque Transatlantique SA bought a new position in Kraft Heinz in the first quarter worth approximately $40,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new stake in Kraft Heinz during the second quarter worth $39,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $23.43 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.73. The firm has a market capitalization of $27.73 billion, a P/E ratio of -6.28 and a beta of 0.09. Kraft Heinz has a 1-year low of $22.91 and a 1-year high of $33.35. The company’s 50-day moving average is $24.51 and its 200 day moving average is $25.92.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 17.35%.The firm had revenue of $6.39 billion for the quarter. Kraft Heinz has set its FY 2025 guidance at 2.500-2.57 EPS. Research analysts forecast that Kraft Heinz will post 2.68 EPS for the current year.

Kraft Heinz Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, November 28th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.8%. The ex-dividend date was Friday, November 28th. Kraft Heinz’s dividend payout ratio (DPR) is presently -42.90%.

About Kraft Heinz

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.