Kraft Heinz (NASDAQ:KHC – Free Report) had its price target cut by Barclays from $26.00 to $25.00 in a research note released on Friday,Benzinga reports. They currently have an equal weight rating on the stock.
A number of other analysts have also commented on the company. Wells Fargo & Company dropped their price target on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. Weiss Ratings downgraded shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Jefferies Financial Group restated a “hold” rating and issued a $21.00 price objective on shares of Kraft Heinz in a report on Wednesday. UBS Group reaffirmed a “neutral” rating on shares of Kraft Heinz in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $23.75.
Get Our Latest Stock Report on KHC
Kraft Heinz Trading Up 0.2%
KHC opened at $23.72 on Friday. Kraft Heinz has a one year low of $21.03 and a one year high of $28.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The business has a 50 day simple moving average of $24.23 and a two-hundred day simple moving average of $24.00. The firm has a market capitalization of $28.12 billion, a price-to-earnings ratio of -8.29, a PEG ratio of 2.99 and a beta of 0.12.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period last year, the company earned $0.69 EPS. The business’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. Analysts predict that Kraft Heinz will post 2.06 EPS for the current year.
Kraft Heinz Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Friday, September 4th. Kraft Heinz’s dividend payout ratio (DPR) is presently -55.94%.
Institutional Investors Weigh In On Kraft Heinz
Several hedge funds have recently made changes to their positions in KHC. BlackRock Inc. bought a new position in Kraft Heinz in the second quarter worth $1,803,911,000. Pacer Advisors Inc. boosted its holdings 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 buying an additional 633,645 shares in the last quarter. Nykredit A S bought a new stake in shares of Kraft Heinz during the 2nd quarter valued at $181,408,000. Deutsche Bank AG bought a new stake in shares of Kraft Heinz during the 2nd quarter valued at $179,876,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Kraft Heinz by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,944,618 shares of the company’s stock worth $178,663,000 after buying an additional 149,034 shares during the period. 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 and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.
The company’s brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.
Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.
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