Kraft Heinz Company (NASDAQ:KHC) Declares Quarterly Dividend of $0.40

Kraft Heinz Company (NASDAQ:KHC) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Friday, June 5th will be given a dividend of 0.40 per share on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, June 5th.

Kraft Heinz has a dividend payout ratio of 59.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Kraft Heinz to earn $2.13 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 75.1%.

Kraft Heinz Trading Up 2.4%

Shares of Kraft Heinz stock traded up $0.53 during trading hours on Wednesday, hitting $23.07. The company’s stock had a trading volume of 26,334,285 shares, compared to its average volume of 16,007,484. Kraft Heinz has a 1-year low of $21.03 and a 1-year high of $29.19. The business has a fifty day moving average of $22.83 and a 200 day moving average of $23.85. The company has a market capitalization of $27.36 billion, a PE ratio of -4.67 and a beta of 0.06. 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:KHC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities analysts forecast that Kraft Heinz will post 2.04 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on KHC. TD Cowen lowered their price target on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a research report on Thursday, April 23rd. Piper Sandler decreased their price objective on shares of Kraft Heinz from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a research report on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $23.47.

Kraft Heinz Company Profile

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.