BNP Paribas Exane Has Lowered Expectations for Kraft Heinz (NASDAQ:KHC) Stock Price

Kraft Heinz (NASDAQ:KHC) had its price objective decreased by equities researchers at BNP Paribas Exane from $19.00 to $18.00 in a report issued on Thursday, Marketbeat reports. The brokerage presently has an “underperform” rating on the stock. BNP Paribas Exane’s price target suggests a potential downside of 21.94% from the stock’s previous close.

KHC has been the topic of a number of other research reports. JPMorgan Chase & Co. reduced their price target on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 25th. Mizuho reduced their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Zacks Research lowered Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Barclays increased their price target on Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Finally, Wells Fargo & Company cut their target price on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $23.53.

Kraft Heinz Price Performance

KHC stock opened at $23.06 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79. The firm has a market capitalization of $27.34 billion, a P/E ratio of -4.67 and a beta of 0.07. The business’s 50-day moving average is $23.47 and its two-hundred day moving average is $24.23. Kraft Heinz has a 1 year low of $21.03 and a 1 year high of $30.42.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $6.35 billion for 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%.Kraft Heinz’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts anticipate that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 4,991 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider owned 197,463 shares of the company’s stock, valued at approximately $4,806,249.42. This trade represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Generali Asset Management SPA SGR increased its position in Kraft Heinz by 192.4% during the third quarter. Generali Asset Management SPA SGR now owns 81,260 shares of the company’s stock worth $2,116,000 after buying an additional 53,467 shares during the period. First Horizon Corp acquired a new position in Kraft Heinz during the third quarter worth approximately $4,678,000. Savoir Faire Capital Management L.P. acquired a new position in Kraft Heinz during the third quarter worth approximately $12,923,000. Schroder Investment Management Group increased its position in Kraft Heinz by 2.4% during the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock worth $84,994,000 after buying an additional 77,045 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Kraft Heinz by 37.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock valued at $51,717,000 after purchasing an additional 540,532 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

About Kraft Heinz

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.