BNP Paribas Exane Increases Kraft Heinz (NASDAQ:KHC) Price Target to $19.00

Kraft Heinz (NASDAQ:KHC) had its price objective upped by research analysts at BNP Paribas Exane from $17.00 to $19.00 in a report released on Tuesday,MarketScreener reports. The firm currently has an “underperform” rating on the stock. BNP Paribas Exane’s price objective suggests a potential downside of 21.46% from the company’s current price.

Several other equities research analysts also recently issued reports on KHC. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. Sanford C. Bernstein downgraded shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. Jefferies Financial Group decreased their price target on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a research report on Thursday, April 23rd. Finally, Wall Street Zen cut shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $22.88.

Kraft Heinz Price Performance

NASDAQ KHC opened at $24.19 on Tuesday. The stock has a 50-day simple moving average of $23.18 and a 200 day simple moving average of $23.44. Kraft Heinz has a twelve month low of $21.03 and a twelve month high of $29.19. The stock has a market capitalization of $28.68 billion, a PE ratio of -4.98 and a beta of 0.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20.

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. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts anticipate that Kraft Heinz will post 2.07 EPS for the current year.

Insider Activity

In other news, insider Diana Frost sold 18,502 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the transaction, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KHC. Ashton Thomas Private Wealth LLC bought a new position in shares of Kraft Heinz during the 1st quarter worth approximately $207,000. Woodline Partners LP grew its position in Kraft Heinz by 39.0% in the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after acquiring an additional 20,690 shares during the period. NewEdge Advisors LLC raised its stake in Kraft Heinz by 16.6% during the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock worth $1,323,000 after acquiring an additional 7,307 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Kraft Heinz by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after acquiring an additional 4,003 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new position in shares of Kraft Heinz during the second quarter valued at $207,000. Institutional investors and hedge funds 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.