Kraft Heinz Company (NASDAQ:KHC) Given Consensus Recommendation of “Reduce” by Brokerages

Kraft Heinz Company (NASDAQ:KHC) has been assigned an average recommendation of “Reduce” from the twenty-three research firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $26.1579.

KHC has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their price target on Kraft Heinz from $30.00 to $27.00 in a report on Thursday, October 30th. TD Cowen reduced their price target on shares of Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Sanford C. Bernstein dropped their price objective on shares of Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating on the stock in a report on Tuesday, October 28th. Barclays cut their price objective on shares of Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Finally, BNP Paribas Exane downgraded Kraft Heinz from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a research report on Wednesday, January 21st.

Insider Buying and Selling at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the sale, the insider directly owned 686,817 shares in the company, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Institutional investors and hedge funds have recently bought and sold shares of the business. Key Capital Management INC acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at about $29,000. Rakuten Securities Inc. lifted its stake in Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares during the period. Cape Investment Advisory Inc. boosted its holdings in Kraft Heinz by 164.7% during the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after purchasing an additional 807 shares in the last quarter. Anfield Capital Management LLC grew its stake in shares of Kraft Heinz by 256.7% in the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after purchasing an additional 914 shares during the period. Finally, Sentry Investment Management LLC acquired a new position in shares of Kraft Heinz in the 3rd quarter worth approximately $38,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Down 2.2%

Kraft Heinz stock opened at $23.19 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.73. Kraft Heinz has a fifty-two week low of $21.99 and a fifty-two week high of $33.35. The firm has a fifty day moving average price of $24.21 and a two-hundred day moving average price of $25.64. The firm has a market cap of $27.45 billion, a price-to-earnings ratio of -6.22 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 17.35%.The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. As a group, analysts forecast that Kraft Heinz will post 2.68 earnings per share for the current year.

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.