Kraft Heinz (NASDAQ:KHC) Rating Lowered to Hold at Stifel Nicolaus

Kraft Heinz (NASDAQ:KHC) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, MarketBeat reports. They currently have a $38.00 price target on the stock, down from their previous price target of $40.00. Stifel Nicolaus’ price objective suggests a potential upside of 9.38% from the company’s current price.

A number of other brokerages also recently commented on KHC. Deutsche Bank Aktiengesellschaft lowered their target price on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price objective on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. cut their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Barclays increased their price target on shares of Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Citigroup cut their price objective on shares of Kraft Heinz from $41.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and an average target price of $37.58.

Kraft Heinz Stock Down 0.8 %

Kraft Heinz stock opened at $34.74 on Friday. The business’s 50-day simple moving average is $35.29 and its two-hundred day simple moving average is $34.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01. The company has a market cap of $42.00 billion, a PE ratio of 22.27, a PEG ratio of 3.48 and a beta of 0.49. Kraft Heinz has a fifty-two week low of $31.08 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.05. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the prior year, the company earned $0.79 EPS. Kraft Heinz’s quarterly revenue was down 3.3% on a year-over-year basis. Equities analysts anticipate that Kraft Heinz will post 3.01 EPS for the current year.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the completion of the transaction, the insider now owns 143,970 shares of the company’s stock, valued at $5,182,920. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kraft Heinz

Several institutional investors and hedge funds have recently added to or reduced their stakes in KHC. Clifford Capital Partners LLC lifted its stake in shares of Kraft Heinz by 21.4% in the second quarter. Clifford Capital Partners LLC now owns 454,884 shares of the company’s stock worth $14,656,000 after buying an additional 80,101 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Kraft Heinz by 13.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,006,917 shares of the company’s stock worth $74,053,000 after purchasing an additional 234,783 shares in the last quarter. Smith Thornton Advisors LLC acquired a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $654,000. MBB Public Markets I LLC purchased a new stake in shares of Kraft Heinz in the second quarter valued at approximately $2,001,000. Finally, Sei Investments Co. increased its holdings in shares of Kraft Heinz by 12.8% in the second quarter. Sei Investments Co. now owns 760,222 shares of the company’s stock valued at $24,495,000 after purchasing an additional 86,311 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

About Kraft Heinz

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.