Kraft Heinz (NASDAQ:KHC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Kraft Heinz (NASDAQ:KHC) had its target price lifted by JPMorgan Chase & Co. from $21.00 to $22.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 16.13% from the company’s current price.

A number of other research analysts have also recently commented on the company. Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. Zacks Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. BTIG Research began coverage on Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft raised their price objective on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $23.12.

Kraft Heinz Price Performance

KHC stock opened at $26.23 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. Kraft Heinz has a 1 year low of $21.03 and a 1 year high of $29.19. The firm has a 50-day moving average of $23.87 and a 200 day moving average of $23.51. The company has a market cap of $31.10 billion, a P/E ratio of -5.40 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. During the same period in the previous year, the firm posted $0.62 EPS. The business’s revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, sell-side analysts forecast that Kraft Heinz will post 2.07 EPS for the current year.

Insider Buying and Selling at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the sale, the insider owned 102,667 shares in the company, valued at $2,366,474.35. This represents a 15.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Kraft Heinz

Several hedge funds have recently added to or reduced their stakes in KHC. Auto Owners Insurance Co increased its holdings in shares of Kraft Heinz by 3,034.1% during the fourth 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 in the last quarter. Norges Bank purchased a new position in shares of Kraft Heinz in the 4th quarter worth about $332,382,000. Barclays PLC boosted its stake in Kraft Heinz by 77.8% in the 4th quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock worth $217,599,000 after purchasing an additional 3,926,141 shares in the last quarter. California Public Employees Retirement System grew its position in Kraft Heinz by 94.8% during the 1st quarter. California Public Employees Retirement System now owns 4,347,594 shares of the company’s stock valued at $97,777,000 after purchasing an additional 2,116,175 shares during the last quarter. Finally, KBC Group NV grew its position in Kraft Heinz by 226.3% during the 1st quarter. KBC Group NV now owns 2,990,755 shares of the company’s stock valued at $67,262,000 after purchasing an additional 2,074,270 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

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.