Kraft Heinz (NASDAQ:KHC) Price Target Lowered to $20.00 at Deutsche Bank Aktiengesellschaft

Kraft Heinz (NASDAQ:KHC) had its price objective cut by Deutsche Bank Aktiengesellschaft from $23.00 to $20.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other brokerages also recently commented on KHC. Mizuho lowered their price objective on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Zacks Research cut Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Wells Fargo & Company reduced their price target on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Evercore lowered their price target on shares of Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group set a $23.00 price objective on shares of Kraft Heinz in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $24.44.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $22.34 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $23.53 and its two-hundred day moving average price is $24.41. Kraft Heinz has a 52-week low of $21.03 and a 52-week high of $31.15. The stock has a market capitalization of $26.44 billion, a P/E ratio of -4.52 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The business’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, sell-side analysts forecast that Kraft Heinz will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 7.2%. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.39%.

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total value of $121,480.94. Following the sale, the insider directly owned 197,463 shares in the company, valued at approximately $4,806,249.42. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Kraft Heinz

Several hedge funds have recently made changes to their positions in KHC. Old North State Trust LLC lifted its stake in Kraft Heinz by 7.0% during the fourth quarter. Old North State Trust LLC now owns 9,303 shares of the company’s stock valued at $226,000 after purchasing an additional 608 shares during the last quarter. Stance Capital LLC grew its position in Kraft Heinz by 6,633.0% in the fourth quarter. Stance Capital LLC now owns 116,414 shares of the company’s stock worth $2,823,000 after buying an additional 114,685 shares during the last quarter. World Investment Advisors grew its position in Kraft Heinz by 53.3% in the fourth quarter. World Investment Advisors now owns 21,138 shares of the company’s stock worth $513,000 after buying an additional 7,346 shares during the last quarter. PeakShares LLC bought a new position in shares of Kraft Heinz in the fourth quarter valued at $174,000. Finally, Auto Owners Insurance Co lifted its position in shares of Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock valued at $39,957,000 after acquiring an additional 15,951,271 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.