Deutsche Bank Aktiengesellschaft Raises Kraft Heinz (NASDAQ:KHC) Price Target to $22.00

Kraft Heinz (NASDAQ:KHC) had its price objective hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from $20.00 to $22.00 in a research note issued to investors on Thursday, Marketbeat reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential downside of 8.05% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group set a $23.00 price objective on Kraft Heinz in a report on Thursday, February 12th. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Evercore dropped their price objective on Kraft Heinz from $25.00 to $22.00 in a report on Thursday, February 12th. Jefferies Financial Group decreased their target price on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Piper Sandler decreased their target price on Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday. 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 stock. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and an average price target of $23.06.

Kraft Heinz Trading Up 1.2%

NASDAQ:KHC opened at $23.93 on Thursday. The stock’s 50 day moving average price is $22.78 and its 200 day moving average price is $23.82. Kraft Heinz has a 52 week low of $21.03 and a 52 week high of $29.19. The company has a market capitalization of $28.37 billion, a P/E ratio of -4.92 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.20.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, research analysts forecast that Kraft Heinz will post 2.05 EPS for the current fiscal year.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 4,991 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total value of $121,480.94. Following the completion of the sale, the insider directly owned 197,463 shares of the company’s stock, valued at approximately $4,806,249.42. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after acquiring an additional 616,283 shares during the period. Invesco Ltd. boosted its position in shares of Kraft Heinz by 10.5% in the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock valued at $478,347,000 after acquiring an additional 1,870,310 shares during the period. Auto Owners Insurance Co lifted its position in Kraft Heinz by 3,034.1% in the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after purchasing an additional 15,951,271 shares during the period. Nordea Investment Management AB lifted its position in Kraft Heinz by 0.8% in the fourth quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock worth $336,134,000 after purchasing an additional 106,970 shares during the period. Finally, Norges Bank bought a new position in Kraft Heinz in the fourth quarter worth $332,382,000. 78.17% of the stock is owned by institutional investors.

Key Stories Impacting Kraft Heinz

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

• Positive Sentiment: Kraft Heinz reported better-than-expected Q1 sales and analysts have been raising attention around the improving turnaround story, suggesting early traction in its core brands. Article Title
• Positive Sentiment: The company is boosting marketing spending, launching new products like upgraded Kraft Mac & Cheese and Ore-Ida Tater Tots, and signing a five-year NFL sponsorship deal, all of which could help brand visibility and sales. Article Title
• Positive Sentiment: Kraft Heinz launched a $1.1 billion debt tender offer, a move that may improve balance-sheet flexibility and support the company’s broader restructuring efforts. Article Title
• Neutral Sentiment: Management is talking more openly about inflation pressure and lower-income consumers running out of room on spending, which explains why Kraft Heinz is leaning hard into value pricing. Article Title
• Negative Sentiment: BNP Paribas Exane lowered its price target on Kraft Heinz, which could temper enthusiasm despite the recent operational improvements. Article Title

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.