Kraft Heinz (NASDAQ:KHC) Rating Increased to Moderate Buy at Royal Bank Of Canada

Kraft Heinz (NASDAQ:KHC) was upgraded by Royal Bank Of Canada to a “moderate buy” rating in a research note issued to investors on Thursday, Zacks reports.

Several other equities analysts have also weighed in on the company. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Wells Fargo & Company upped their price target on Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Evercore set a $24.00 price target on Kraft Heinz in a research note on Thursday, August 6th. Piper Sandler lifted their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Weiss Ratings cut Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $23.88.

Kraft Heinz Stock Down 1.2%

KHC opened at $24.42 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The stock has a market cap of $28.96 billion, a price-to-earnings ratio of -8.54, a PEG ratio of 2.99 and a beta of 0.09. Kraft Heinz has a twelve month low of $21.03 and a twelve month high of $28.09. The company’s 50-day moving average price is $25.43 and its two-hundred day moving average price is $23.97.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the business posted $0.69 EPS. Kraft Heinz’s quarterly revenue was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, equities analysts expect that Kraft Heinz will post 2.06 earnings per share for the current year.

Hedge Funds Weigh In On Kraft Heinz

A number of large investors have recently modified their holdings of KHC. BlackRock Inc. purchased a new position in Kraft Heinz during the second quarter valued at approximately $1,803,911,000. Norges Bank purchased a new stake in Kraft Heinz in the 4th quarter worth approximately $332,382,000. Barclays PLC boosted its holdings in Kraft Heinz by 77.8% in the 4th quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock valued at $217,599,000 after purchasing an additional 3,926,141 shares during the period. Bank of New York Mellon Corp boosted its holdings in Kraft Heinz by 15.3% in the 4th quarter. Bank of New York Mellon Corp now owns 8,802,220 shares of the company’s stock valued at $213,454,000 after purchasing an additional 1,167,964 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of Kraft Heinz by 7.3% during the 1st quarter. Pacer Advisors Inc. now owns 9,270,503 shares of the company’s stock valued at $208,494,000 after purchasing an additional 633,645 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers, foodservice operators and other customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, beverages, snacks and other packaged foods.

The company’s well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.