The Kraft Heinz Company (NASDAQ:KHC) Given Consensus Rating of “Hold” by Brokerages

Shares of The Kraft Heinz Company (NASDAQ:KHCGet Rating) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $40.88.

Several research firms recently issued reports on KHC. The Goldman Sachs Group reiterated an “upgrade” rating on shares of Kraft Heinz in a research report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kraft Heinz from $48.00 to $47.00 in a research report on Monday, July 18th. Stifel Nicolaus upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Thursday, July 28th. They noted that the move was a valuation call. BMO Capital Markets upgraded shares of Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $46.00 target price on the stock in a research report on Wednesday, June 22nd. Finally, TheStreet lowered shares of Kraft Heinz from a “b” rating to a “c+” rating in a research report on Monday.

Insider Transactions at Kraft Heinz

In related news, CAO Lande Rashida La sold 3,500 shares of Kraft Heinz stock in a transaction on Friday, July 29th. The shares were sold at an average price of $36.56, for a total transaction of $127,960.00. Following the completion of the transaction, the chief accounting officer now owns 266,627 shares of the company’s stock, valued at $9,747,883.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Kraft Heinz news, CAO Lande Rashida La sold 3,500 shares of Kraft Heinz stock in a transaction on Friday, July 29th. The shares were sold at an average price of $36.56, for a total value of $127,960.00. Following the completion of the sale, the chief accounting officer now directly owns 266,627 shares of the company’s stock, valued at $9,747,883.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Vince Garlati sold 19,938 shares of Kraft Heinz stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $38.43, for a total transaction of $766,217.34. Following the completion of the sale, the vice president now directly owns 94,843 shares of the company’s stock, valued at $3,644,816.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,438 shares of company stock worth $2,044,977. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sandy Cove Advisors LLC bought a new stake in shares of Kraft Heinz in the first quarter valued at approximately $25,000. Crewe Advisors LLC increased its holdings in shares of Kraft Heinz by 108.8% in the 2nd quarter. Crewe Advisors LLC now owns 691 shares of the company’s stock worth $26,000 after buying an additional 360 shares during the last quarter. Ossiam bought a new position in shares of Kraft Heinz in the 2nd quarter worth $28,000. Focused Wealth Management Inc increased its holdings in shares of Kraft Heinz by 100.5% in the 1st quarter. Focused Wealth Management Inc now owns 772 shares of the company’s stock worth $30,000 after buying an additional 387 shares during the last quarter. Finally, Hallmark Capital Management Inc. purchased a new stake in shares of Kraft Heinz in the 2nd quarter valued at $32,000. 67.03% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $34.44 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.52 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $42.20 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 2.61 and a beta of 0.70. The firm’s 50 day simple moving average is $37.42 and its 200 day simple moving average is $38.78. Kraft Heinz has a 1 year low of $32.78 and a 1 year high of $44.87.

Kraft Heinz (NASDAQ:KHCGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.36 billion. Kraft Heinz had a net margin of 5.92% and a return on equity of 6.82%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. As a group, research analysts expect that Kraft Heinz will post 2.66 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.65%. Kraft Heinz’s dividend payout ratio (DPR) is presently 131.15%.

About Kraft Heinz

(Get Rating)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

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Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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