Deutsche Bank Aktiengesellschaft Cuts Kraft Heinz (NASDAQ:KHC) Price Target to $20.00

Kraft Heinz (NASDAQ:KHC) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $23.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other research firms also recently issued reports on KHC. Wells Fargo & Company decreased their target price on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. The Goldman Sachs Group set a $23.00 price objective on Kraft Heinz in a research note on Thursday, February 12th. Piper Sandler decreased their price objective on Kraft Heinz from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. Zacks Research downgraded Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. dropped their target price on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $23.89.

Kraft Heinz Stock Performance

KHC opened at $22.27 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Kraft Heinz has a 12-month low of $21.03 and a 12-month high of $31.15. The firm has a 50 day moving average of $23.51 and a two-hundred day moving average of $24.37. The firm has a market capitalization of $26.36 billion, a PE ratio of -4.51 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, beating the consensus estimate 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 negative net margin of 23.44% and a positive return on equity of 7.07%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, analysts anticipate that Kraft Heinz will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 7.2%. Kraft Heinz’s payout ratio is presently -32.39%.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 9,045 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the sale, the insider directly owned 202,454 shares of the company’s stock, valued at $4,982,392.94. This represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Kraft Heinz

Institutional investors and hedge funds have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new stake in Kraft Heinz in the first quarter valued at approximately $207,000. Woodline Partners LP raised its stake in shares of Kraft Heinz by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after buying an additional 20,690 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Kraft Heinz during the 2nd quarter valued at approximately $338,000. XTX Topco Ltd purchased a new position in shares of Kraft Heinz during the 2nd quarter valued at approximately $606,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Kraft Heinz by 33.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 99,350 shares of the company’s stock valued at $2,565,000 after acquiring an additional 25,082 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

About Kraft Heinz

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.