Kraft Heinz (NASDAQ:KHC) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Kraft Heinz (NASDAQ:KHC) had its price target reduced by JPMorgan Chase & Co. from $24.00 to $23.00 in a research report released on Tuesday,Benzinga reports. They currently have an underweight rating on the stock.

Other equities analysts also recently issued research reports about the company. TD Cowen reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Kraft Heinz in a research report on Tuesday, September 22nd. BNP Paribas Exane lifted their target price on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Weiss Ratings downgraded Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $32.00 target price on shares of Kraft Heinz in a research note on Thursday, September 24th. Finally, Piper Sandler upped their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $23.81.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $25.09 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. Kraft Heinz has a 12 month low of $21.03 and a 12 month high of $28.09. The company has a market capitalization of $29.76 billion, a price-to-earnings ratio of -8.77, a PEG ratio of 2.99 and a beta of 0.12. The firm’s 50-day moving average is $24.15 and its 200 day moving average is $24.04.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’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. Research analysts predict that Kraft Heinz will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a $0.40 dividend. The ex-dividend date was Friday, September 4th. This represents a $1.60 annualized dividend and a dividend yield of 6.4%. Kraft Heinz’s payout ratio is currently -55.94%.

Institutional Investors Weigh In On Kraft Heinz

Several hedge funds have recently modified their holdings of KHC. Alyeska Investment Group L.P. bought a new position in shares of Kraft Heinz in the 2nd quarter worth $1,968,000. OMERS ADMINISTRATION Corp bought a new stake in Kraft Heinz during the second quarter valued at about $1,076,000. Gradient Investments LLC boosted its position in Kraft Heinz by 11.8% during the third quarter. Gradient Investments LLC now owns 667,877 shares of the company’s stock valued at $15,174,000 after purchasing an additional 70,534 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Kraft Heinz by 11.3% during the second quarter. The Manufacturers Life Insurance Company now owns 561,627 shares of the company’s stock valued at $13,266,000 after purchasing an additional 57,092 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC grew its stake in Kraft Heinz by 70.2% in the second quarter. Franklin Street Advisors Inc. NC now owns 994,375 shares of the company’s stock valued at $23,487,000 after purchasing an additional 410,029 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company’s brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.