Shares of Kraft Heinz Company (NASDAQ:KHC – Get Free Report) have received a consensus recommendation of “Reduce” from the twenty analysts that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.6875.
A number of equities analysts have recently commented on KHC shares. BNP Paribas Exane decreased their price target on shares of Kraft Heinz from $18.00 to $17.00 in a report on Thursday, May 7th. Sanford C. Bernstein cut shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. Mizuho reduced their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. BTIG Research initiated coverage on shares of Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st.
Get Our Latest Analysis on Kraft Heinz
Kraft Heinz Price Performance
Kraft Heinz (NASDAQ:KHC – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities analysts predict that Kraft Heinz will post 2.07 earnings per share for the current year.
Kraft Heinz Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new position in Kraft Heinz during the 1st quarter valued at about $207,000. Woodline Partners LP boosted its holdings in Kraft Heinz by 39.0% in the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after purchasing an additional 20,690 shares during the last quarter. NewEdge Advisors LLC grew its position in Kraft Heinz by 16.6% in the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock worth $1,323,000 after purchasing an additional 7,307 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock valued at $13,482,000 after buying an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC bought a new stake in shares of Kraft Heinz in the second quarter worth $207,000. Hedge funds and other 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.
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