Jefferies Financial Group Cuts Kraft Heinz (NASDAQ:KHC) Price Target to $20.00

Kraft Heinz (NASDAQ:KHC) had its price target reduced by Jefferies Financial Group from $23.00 to $20.00 in a research report sent to investors on Monday,MarketScreener reports. They currently have a hold rating on the stock.

Several other research analysts have also weighed in on KHC. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday. Barclays upped their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Zacks Research cut shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Sanford C. Bernstein boosted their target price on Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, February 12th. Finally, Wells Fargo & Company decreased their price target on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $23.89.

Kraft Heinz Stock Down 1.0%

Shares of NASDAQ KHC opened at $22.27 on Monday. The company has a market capitalization of $26.36 billion, a P/E ratio of -4.51 and a beta of 0.06. 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 company has a 50 day simple moving average of $23.51 and a 200-day simple moving average of $24.37. Kraft Heinz has a 1 year low of $21.03 and a 1 year high of $31.15.

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

Kraft Heinz Dividend Announcement

The firm 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. This represents a $1.60 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Friday, March 6th. Kraft Heinz’s dividend payout ratio is presently -32.39%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider directly owned 197,463 shares in the company, valued at $4,806,249.42. This represents a 2.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by company insiders.

Institutional Trading of Kraft Heinz

Several hedge funds have recently modified their holdings of KHC. Ashton Thomas Private Wealth LLC purchased a new stake in Kraft Heinz during the 1st quarter worth about $207,000. Woodline Partners LP boosted its stake in shares of Kraft Heinz by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after buying an additional 20,690 shares during the period. XTX Topco Ltd acquired a new position in shares of Kraft Heinz during the second quarter worth about $606,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Kraft Heinz by 33.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 99,350 shares of the company’s stock worth $2,565,000 after buying an additional 25,082 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of Kraft Heinz by 1.5% during the second quarter. M&T Bank Corp now owns 170,577 shares of the company’s stock worth $4,404,000 after buying an additional 2,519 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

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.