Kraft Heinz (NASDAQ:KHC) Price Target Lowered to $27.00 at Deutsche Bank Aktiengesellschaft

Kraft Heinz (NASDAQ:KHC) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $28.00 to $27.00 in a report issued on Monday morning,MarketScreener reports. They currently have a hold rating on the stock.

KHC has been the subject of several other research reports. Stifel Nicolaus cut their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Morgan Stanley set a $29.00 target price on shares of Kraft Heinz and gave the company an “equal weight” rating in a research note on Wednesday, September 3rd. Hsbc Global Res raised shares of Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group raised shares of Kraft Heinz from a “sell” rating to a “neutral” rating and upped their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $29.06.

Kraft Heinz Trading Down 0.2%

Shares of KHC stock opened at $25.11 on Monday. The firm has a 50-day moving average price of $26.70 and a 200 day moving average price of $27.36. Kraft Heinz has a twelve month low of $24.80 and a twelve month high of $36.31. The company has a market capitalization of $29.72 billion, a price-to-earnings ratio of -5.59, a PEG ratio of 2.94 and a beta of 0.16. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The firm had revenue of $6.39 billion during the quarter. Research analysts forecast that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. Kraft Heinz’s dividend payout ratio is currently -35.63%.

Insider Activity

In other news, Director Elio Leoni Sceti sold 25,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $1,116,400. The trade was a 38.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Kraft Heinz

A number of institutional investors and hedge funds have recently bought and sold shares of KHC. Klingenstein Fields & Co. LP boosted its holdings in shares of Kraft Heinz by 4.6% in the 1st quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company’s stock valued at $239,000 after purchasing an additional 344 shares in the last quarter. STF Management LP lifted its stake in shares of Kraft Heinz by 2.1% in the 2nd quarter. STF Management LP now owns 18,475 shares of the company’s stock valued at $477,000 after acquiring an additional 374 shares during the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of Kraft Heinz by 2.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company’s stock valued at $459,000 after acquiring an additional 393 shares during the last quarter. Johnson Investment Counsel Inc. lifted its stake in shares of Kraft Heinz by 1.6% in the 1st quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company’s stock valued at $779,000 after acquiring an additional 397 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Kraft Heinz by 0.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company’s stock valued at $2,101,000 after acquiring an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Company Profile

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.