Kraft Heinz (NASDAQ:KHC) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Kraft Heinz (NASDAQ:KHC) released its quarterly earnings results on Wednesday. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06, Zacks reports. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. Kraft Heinz updated its FY 2025 guidance to 2.630-2.740 EPS.

Kraft Heinz Trading Down 3.7 %

Shares of KHC stock traded down $1.10 during trading hours on Wednesday, hitting $28.49. 9,879,572 shares of the company were exchanged, compared to its average volume of 9,399,789. The firm has a fifty day moving average of $30.02 and a 200 day moving average of $32.83. 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 1 year low of $27.25 and a 1 year high of $38.96. The firm has a market cap of $34.44 billion, a PE ratio of 25.66, a PEG ratio of 3.74 and a beta of 0.47.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.62%. Kraft Heinz’s dividend payout ratio is currently 144.14%.

Wall Street Analysts Forecast Growth

KHC has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. Piper Sandler reissued a “neutral” rating and set a $35.00 price objective (down from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Barclays reduced their target price on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, Jefferies Financial Group dropped their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.36.

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.