The Kraft Heinz Company (NASDAQ:KHC) Receives Average Recommendation of “Hold” from Analysts

The Kraft Heinz Company (NASDAQ:KHC) has earned a consensus rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $36.55.

A number of analysts have commented on KHC shares. Barclays lowered their target price on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group decreased their price objective on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. Piper Sandler reissued a “neutral” rating and issued a $35.00 target price (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Stifel Nicolaus lowered Kraft Heinz from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $38.00 in a research report on Friday, October 25th. Finally, Citigroup cut their price target on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st.

Insider Activity

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the sale, the executive vice president now directly owns 168,195 shares in the company, valued at $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

A number of hedge funds and other institutional investors have recently bought and sold shares of KHC. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Kraft Heinz by 2.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 334,422 shares of the company’s stock valued at $10,775,000 after purchasing an additional 7,499 shares during the last quarter. Kintegral Advisory LLC lifted its position in Kraft Heinz by 92.5% during the 2nd quarter. Kintegral Advisory LLC now owns 32,634 shares of the company’s stock worth $1,051,000 after buying an additional 15,684 shares in the last quarter. Wright Investors Service Inc. acquired a new position in shares of Kraft Heinz during the 2nd quarter worth about $306,000. HB Wealth Management LLC grew its holdings in shares of Kraft Heinz by 2.5% in the 2nd quarter. HB Wealth Management LLC now owns 13,013 shares of the company’s stock valued at $419,000 after acquiring an additional 314 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its position in shares of Kraft Heinz by 79.4% in the second quarter. Arkadios Wealth Advisors now owns 20,949 shares of the company’s stock valued at $675,000 after acquiring an additional 9,271 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $30.68 on Wednesday. The business’s 50-day simple moving average is $32.15 and its 200 day simple moving average is $33.52. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The stock has a market cap of $37.10 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 3.62 and a beta of 0.48. Kraft Heinz has a 12-month low of $30.01 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. As a group, research analysts anticipate that Kraft Heinz will post 3.01 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.22%. Kraft Heinz’s dividend payout ratio (DPR) is currently 144.14%.

Kraft Heinz Company Profile

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.