Kraft Heinz (NASDAQ:KHC) Hits New 12-Month Low – Should You Sell?

Shares of Kraft Heinz Company (NASDAQ:KHC) reached a new 52-week low during trading on Tuesday . The stock traded as low as $23.60 and last traded at $23.6650, with a volume of 3063323 shares changing hands. The stock had previously closed at $23.77.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler lifted their target price on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Kraft Heinz from $27.00 to $26.00 in a report on Thursday, October 30th. UBS Group reduced their price objective on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley decreased their target price on shares of Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group dropped their price objective on Kraft Heinz from $30.00 to $27.00 in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and a consensus target price of $26.63.

Kraft Heinz Trading Up 1.8%

The company has a fifty day simple moving average of $24.53 and a 200-day simple moving average of $25.93. The stock has a market cap of $27.73 billion, a price-to-earnings ratio of -6.28 and a beta of 0.09. The company has a current ratio of 1.13, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46.

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

Kraft Heinz Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the transaction, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kraft Heinz

Institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. raised its position in shares of Kraft Heinz by 1.3% in the 1st quarter. Alliancebernstein L.P. now owns 898,878 shares of the company’s stock valued at $27,353,000 after acquiring an additional 11,121 shares during the period. UniSuper Management Pty Ltd boosted its position in Kraft Heinz by 3.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 94,794 shares of the company’s stock worth $2,885,000 after acquiring an additional 3,600 shares during the last quarter. Kestra Investment Management LLC grew its position in Kraft Heinz by 6,170.6% in the first quarter. Kestra Investment Management LLC now owns 6,396 shares of the company’s stock valued at $195,000 after purchasing an additional 6,294 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Kraft Heinz in the first quarter valued at about $207,000. Finally, Great Lakes Advisors LLC raised its stake in shares of Kraft Heinz by 4.5% during the 1st quarter. Great Lakes Advisors LLC now owns 146,029 shares of the company’s stock worth $4,424,000 after purchasing an additional 6,328 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

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.