Kraft Heinz Company (NASDAQ:KHC) Receives $23.06 Consensus Price Target from Brokerages

Kraft Heinz Company (NASDAQ:KHC) has been given a consensus rating of “Reduce” by the twenty ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $23.0625.

KHC has been the subject of a number of research analyst reports. Evercore reduced their price target on shares of Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. BTIG Research started coverage on shares of Kraft Heinz in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. cut their target price 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. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. Finally, The Goldman Sachs Group set a $23.00 price target on shares of Kraft Heinz in a report on Thursday, February 12th.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $22.92 on Friday. Kraft Heinz has a 12 month low of $21.03 and a 12 month high of $29.19. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. The stock has a market cap of $27.18 billion, a PE ratio of -4.72 and a beta of 0.06. The business has a fifty day simple moving average of $22.65 and a 200-day simple moving average of $23.74.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $5.89 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. Kraft Heinz’s quarterly 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, sell-side analysts anticipate that Kraft Heinz will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 7.0%. Kraft Heinz’s payout ratio is -32.92%.

Insiders Place Their Bets

In other news, insider Cory Onell sold 9,045 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the sale, the insider directly owned 202,454 shares of the company’s stock, valued at $4,982,392.94. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kraft Heinz

Large investors have recently made changes to their positions in the company. Jessup Wealth Management Inc bought a new position in Kraft Heinz during the fourth quarter valued at approximately $27,000. Reflection Asset Management acquired a new position in shares of Kraft Heinz during the 4th quarter worth $28,000. DV Equities LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Kraft Heinz during the 1st quarter valued at $27,000. Finally, Key Capital Management INC acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at $29,000. Institutional investors own 78.17% of the company’s stock.

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.