Piper Sandler Cuts Kraft Heinz (NASDAQ:KHC) Price Target to $24.00

Kraft Heinz (NASDAQ:KHCFree Report) had its price target decreased by Piper Sandler from $26.00 to $24.00 in a research report released on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on KHC. BNP Paribas Exane dropped their target price on shares of Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating on the stock in a report on Thursday, February 12th. Barclays upped their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. downgraded shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $24.00 to $22.00 in a research note on Thursday, February 12th. UBS Group lifted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $24.61.

Get Our Latest Stock Analysis on Kraft Heinz

Kraft Heinz Trading Up 0.9%

Shares of NASDAQ KHC opened at $21.51 on Monday. Kraft Heinz has a twelve month low of $21.03 and a twelve month high of $31.15. The firm has a market cap of $25.46 billion, a PE ratio of -4.35 and a beta of 0.06. The business has a fifty day simple moving average of $23.64 and a two-hundred day simple moving average of $24.52. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts expect that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.39%.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 4,991 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider owned 197,463 shares in the company, valued at approximately $4,806,249.42. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Institutional Trading of Kraft Heinz

A number of institutional investors have recently bought and sold shares of the stock. Old North State Trust LLC boosted its stake in Kraft Heinz by 7.0% in the 4th quarter. Old North State Trust LLC now owns 9,303 shares of the company’s stock worth $226,000 after purchasing an additional 608 shares in the last quarter. Stance Capital LLC increased its stake in Kraft Heinz by 6,633.0% during the 4th quarter. Stance Capital LLC now owns 116,414 shares of the company’s stock valued at $2,823,000 after purchasing an additional 114,685 shares in the last quarter. World Investment Advisors raised its holdings in shares of Kraft Heinz by 53.3% in the fourth quarter. World Investment Advisors now owns 21,138 shares of the company’s stock worth $513,000 after buying an additional 7,346 shares during the last quarter. PeakShares LLC purchased a new position in shares of Kraft Heinz in the fourth quarter worth $174,000. Finally, Auto Owners Insurance Co lifted its stake in shares of Kraft Heinz by 3,034.1% during the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after buying an additional 15,951,271 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Kraft Heinz

Here are the key news stories impacting Kraft Heinz this week:

About Kraft Heinz

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The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.

Further Reading

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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