The Kraft Heinz Company (NASDAQ:KHC) Receives $37.25 Consensus Target Price from Brokerages

Shares of The Kraft Heinz Company (NASDAQ:KHC) have received an average recommendation of “Hold” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $37.25.

KHC has been the subject of a number of analyst reports. Evercore ISI decreased their price target on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Piper Sandler lowered their target price on shares of Kraft Heinz from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $38.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Finally, Barclays cut their price objective on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st.

Kraft Heinz Stock Down 1.4 %

NASDAQ:KHC opened at $32.53 on Tuesday. The stock’s fifty day simple moving average is $34.92 and its 200-day simple moving average is $34.64. The firm has a market capitalization of $39.33 billion, a P/E ratio of 29.31, a P/E/G ratio of 3.77 and a beta of 0.49. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. Kraft Heinz has a 12-month low of $31.58 and a 12-month high of $38.96.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Friday, November 29th. Kraft Heinz’s dividend payout ratio is currently 144.14%.

Insiders Place Their Bets

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the transaction, the executive vice president now owns 168,195 shares in the company, valued at $5,626,122.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. bought a new position in Kraft Heinz in the 3rd quarter valued at about $403,000. Intech Investment Management LLC boosted its position in shares of Kraft Heinz by 23.9% during the third quarter. Intech Investment Management LLC now owns 245,645 shares of the company’s stock valued at $8,625,000 after buying an additional 47,345 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Kraft Heinz by 8.6% during the third quarter. First Horizon Advisors Inc. now owns 464,351 shares of the company’s stock worth $16,303,000 after buying an additional 36,877 shares in the last quarter. Advisors Asset Management Inc. raised its position in Kraft Heinz by 232.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 54,514 shares of the company’s stock valued at $1,914,000 after buying an additional 38,132 shares during the last quarter. Finally, Commerce Bank lifted its stake in Kraft Heinz by 1.4% during the 3rd quarter. Commerce Bank now owns 43,971 shares of the company’s stock valued at $1,544,000 after acquiring an additional 623 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

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.