Kraft Heinz Company (NASDAQ:KHC) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Kraft Heinz Company (NASDAQ:KHC) have received an average recommendation of “Reduce” from the twenty-one research firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $23.5294.

A number of research analysts have recently commented on KHC shares. The Goldman Sachs Group set a $23.00 price target on Kraft Heinz in a research report on Thursday, February 12th. BTIG Research started coverage on Kraft Heinz in a research report on Monday. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. BNP Paribas Exane dropped their price target on Kraft Heinz from $19.00 to $18.00 and set an “underperform” rating on the stock in a research report on Thursday, April 9th. Finally, Jefferies Financial Group dropped their price target on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th.

Kraft Heinz Stock Down 2.8%

Shares of NASDAQ KHC opened at $22.42 on Tuesday. Kraft Heinz has a one year low of $21.03 and a one year high of $30.42. 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 business’s fifty day moving average price is $23.45 and its 200-day moving average price is $24.18. The stock has a market capitalization of $26.58 billion, a PE ratio of -4.54 and a beta of 0.07.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities research analysts anticipate that Kraft Heinz will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 7.1%. Kraft Heinz’s dividend payout ratio is -32.39%.

Insider Transactions at Kraft Heinz

In related news, insider Cory Onell sold 4,991 shares of the 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 represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Institutional Trading of Kraft Heinz

A number of institutional investors have recently added to or reduced their stakes in KHC. Ashton Thomas Private Wealth LLC purchased a new stake in Kraft Heinz during the 1st quarter worth about $207,000. Woodline Partners LP lifted its holdings in Kraft Heinz by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after purchasing an additional 20,690 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Kraft Heinz by 16.6% during the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock worth $1,323,000 after purchasing an additional 7,307 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after purchasing an additional 4,003 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in Kraft Heinz during the 2nd quarter worth about $207,000. Hedge funds and other institutional investors 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.