Kraft Heinz (NASDAQ:KHC) Price Target Cut to $25.00 by Analysts at Mizuho

Kraft Heinz (NASDAQ:KHC) had its target price lowered by investment analysts at Mizuho from $27.00 to $25.00 in a note issued to investors on Monday,MarketScreener reports. The firm presently has a “neutral” rating on the stock. Mizuho’s target price indicates a potential upside of 1.97% from the company’s current price.

A number of other equities analysts also recently commented on KHC. BNP Paribas Exane lowered their target price on shares of Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating for the company in a research note on Thursday, February 12th. JPMorgan Chase & Co. lowered Kraft Heinz from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $24.00 to $22.00 in a research report on Thursday, February 12th. Sanford C. Bernstein boosted their price target on shares of Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, February 12th. TD Cowen reiterated a “hold” rating on shares of Kraft Heinz in a research report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $24.89.

Kraft Heinz Trading Up 0.5%

Shares of KHC stock opened at $24.52 on Monday. Kraft Heinz has a twelve month low of $21.99 and a twelve month high of $33.35. The stock has a market cap of $29.02 billion, a price-to-earnings ratio of -4.94 and a beta of 0.08. The company’s 50-day moving average price is $23.99 and its 200-day moving average price is $25.18. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period last year, the business earned $0.84 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities analysts predict that Kraft Heinz will post 2.68 earnings per share for the current year.

Insider Buying and Selling

In other 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 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 trade represents a 15.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Several hedge funds have recently modified their holdings of KHC. Vanguard Group Inc. lifted its position in Kraft Heinz by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after buying an additional 616,283 shares in the last quarter. State Street Corp raised its position in shares of Kraft Heinz by 1.0% during the second quarter. State Street Corp now owns 46,376,394 shares of the company’s stock valued at $1,197,438,000 after buying an additional 462,963 shares during the last quarter. Geode Capital Management LLC lifted its position in Kraft Heinz by 14.7% in the second quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock worth $681,663,000 after purchasing an additional 3,392,470 shares during the period. Invesco Ltd. raised its stake in Kraft Heinz by 10.5% during the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock worth $478,347,000 after acquiring an additional 1,870,310 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Kraft Heinz by 0.8% in the 4th quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock worth $336,134,000 after acquiring an additional 106,970 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other 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.