Kraft Heinz (NASDAQ:KHC) Price Target Cut to $25.00 by Analysts at The Goldman Sachs Group

Kraft Heinz (NASDAQ:KHC) had its price objective trimmed by The Goldman Sachs Group from $27.00 to $25.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a sell rating on the stock.

Other equities research analysts have also recently issued reports about the company. Citigroup reissued a “sell” rating and set a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Barclays decreased their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Wells Fargo & Company lowered their price target on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus reduced their target price on shares of Kraft Heinz from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Four equities research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $30.35.

Kraft Heinz Trading Down 0.9%

KHC stock opened at $26.48 on Monday. The firm has a fifty day moving average price of $28.19 and a 200 day moving average price of $29.54. Kraft Heinz has a fifty-two week low of $26.01 and a fifty-two week high of $36.53. The firm has a market cap of $31.34 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 3.39 and a beta of 0.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Kraft Heinz’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 earnings per share. Sell-side analysts anticipate that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.04%. The ex-dividend date is Friday, May 30th. Kraft Heinz’s payout ratio is 73.06%.

Institutional Investors Weigh In On Kraft Heinz

Several large investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in Kraft Heinz in the fourth quarter worth approximately $2,048,000. Versant Capital Management Inc increased its holdings in shares of Kraft Heinz by 493.4% in the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company’s stock valued at $376,000 after acquiring an additional 10,272 shares during the period. Banque Pictet & Cie SA raised its position in shares of Kraft Heinz by 10.8% in the 4th quarter. Banque Pictet & Cie SA now owns 90,000 shares of the company’s stock worth $2,764,000 after acquiring an additional 8,787 shares in the last quarter. Americana Partners LLC purchased a new stake in shares of Kraft Heinz during the 4th quarter worth $7,005,000. Finally, Van ECK Associates Corp boosted its position in Kraft Heinz by 2.2% during the fourth quarter. Van ECK Associates Corp now owns 125,388 shares of the company’s stock valued at $3,850,000 after purchasing an additional 2,727 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.