BNP Paribas Exane Lowers Kraft Heinz (NASDAQ:KHC) Price Target to $17.00

Kraft Heinz (NASDAQ:KHC) had its price objective dropped by equities research analysts at BNP Paribas Exane from $18.00 to $17.00 in a report issued on Thursday,MarketScreener reports. BNP Paribas Exane’s price target would suggest a potential downside of 28.95% from the stock’s current price.

KHC has been the topic of several other reports. BTIG Research began coverage on shares of Kraft Heinz in a report on Monday, April 13th. They set a “neutral” rating on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. Jefferies Financial Group lowered their price target on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 30th. JPMorgan Chase & Co. lowered their price target on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Kraft Heinz presently has a consensus rating of “Reduce” and a consensus price target of $23.06.

Kraft Heinz Stock Performance

KHC opened at $23.93 on Thursday. The business’s fifty day moving average is $22.78 and its 200-day moving average is $23.82. The firm has a market cap of $28.37 billion, a P/E ratio of -4.92 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.20. Kraft Heinz has a 52-week low of $21.03 and a 52-week high of $29.19.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. During the same quarter in the previous year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts expect that Kraft Heinz will post 2.05 EPS for the current fiscal year.

Insider Activity

In other news, insider Cory Onell sold 9,045 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the transaction, the insider directly owned 202,454 shares in the company, valued at $4,982,392.94. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kraft Heinz

A number of hedge funds have recently made changes to their positions in KHC. Auto Owners Insurance Co raised its position 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 worth $39,957,000 after acquiring an additional 15,951,271 shares during the last quarter. Norges Bank bought a new position in shares of Kraft Heinz during the fourth quarter worth about $332,382,000. Nordea Investment Management AB raised its position in shares of Kraft Heinz by 75.1% during the third quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock worth $351,263,000 after acquiring an additional 5,873,967 shares during the last quarter. Barclays PLC raised its position in shares of Kraft Heinz by 77.8% during the fourth quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock worth $217,599,000 after acquiring an additional 3,926,141 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Kraft Heinz by 94.8% during the first quarter. California Public Employees Retirement System now owns 4,347,594 shares of the company’s stock worth $97,777,000 after acquiring an additional 2,116,175 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Key Kraft Heinz News

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Kraft Heinz reported better-than-expected Q1 sales and analysts have been raising attention around the improving turnaround story, suggesting early traction in its core brands. Article Title
• Positive Sentiment: The company is boosting marketing spending, launching new products like upgraded Kraft Mac & Cheese and Ore-Ida Tater Tots, and signing a five-year NFL sponsorship deal, all of which could help brand visibility and sales. Article Title
• Positive Sentiment: Kraft Heinz launched a $1.1 billion debt tender offer, a move that may improve balance-sheet flexibility and support the company’s broader restructuring efforts. Article Title
• Neutral Sentiment: Management is talking more openly about inflation pressure and lower-income consumers running out of room on spending, which explains why Kraft Heinz is leaning hard into value pricing. Article Title
• Negative Sentiment: BNP Paribas Exane lowered its price target on Kraft Heinz, which could temper enthusiasm despite the recent operational improvements. Article Title

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.