Barclays Has Lowered Expectations for Kraft Heinz (NASDAQ:KHC) Stock Price

Kraft Heinz (NASDAQ:KHC) had its price objective lowered by stock analysts at Barclays from $29.00 to $26.00 in a research report issued on Friday,MarketScreener reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 3.38% from the company’s current price.

KHC has been the topic of a number of other research reports. The Goldman Sachs Group upgraded Kraft Heinz from a “sell” rating to a “neutral” rating and upped their target price for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. JPMorgan Chase & Co. assumed coverage on Kraft Heinz in a report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 target price on the stock. DZ Bank upgraded Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a report on Friday, August 1st. Finally, UBS Group dropped their target price on Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and a consensus price target of $29.53.

Kraft Heinz Price Performance

NASDAQ KHC opened at $25.15 on Friday. The stock’s 50-day moving average price is $26.74 and its two-hundred day moving average price is $27.41. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The company has a market cap of $29.77 billion, a PE ratio of -5.60, a PEG ratio of 2.94 and a beta of 0.16. Kraft Heinz has a 1 year low of $24.85 and a 1 year high of $36.31.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $6.39 billion for the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. On average, analysts predict that Kraft Heinz will post 2.68 EPS for the current year.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the sale, the director owned 40,000 shares of the company’s stock, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Large investors have recently added to or reduced their stakes in the stock. Shell Asset Management Co. boosted its position in Kraft Heinz by 89.7% during the second quarter. Shell Asset Management Co. now owns 90,450 shares of the company’s stock worth $2,335,000 after purchasing an additional 42,758 shares during the period. Swedbank AB boosted its position in Kraft Heinz by 13.6% during the first quarter. Swedbank AB now owns 878,684 shares of the company’s stock worth $26,738,000 after purchasing an additional 104,872 shares during the period. Lakeshore Capital Group Inc. boosted its position in Kraft Heinz by 39.8% during the second quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company’s stock worth $957,000 after purchasing an additional 10,551 shares during the period. Bard Financial Services Inc. boosted its position in Kraft Heinz by 24.5% during the second quarter. Bard Financial Services Inc. now owns 104,225 shares of the company’s stock worth $2,691,000 after purchasing an additional 20,500 shares during the period. Finally, D.A. Davidson & CO. boosted its position in Kraft Heinz by 7.8% during the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock worth $2,746,000 after purchasing an additional 6,551 shares during the period. 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.