Royal Bank Of Canada Upgrades Kraft Heinz (NASDAQ:KHC) to “Moderate Buy”

Kraft Heinz (NASDAQ:KHC) was upgraded by research analysts at Royal Bank Of Canada to a “moderate buy” rating in a research report issued to clients and investors on Thursday, Zacks reports.

A number of other research firms have also commented on KHC. Wells Fargo & Company boosted their price target on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. UBS Group increased their price objective on Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Evercore set a $24.00 price objective on Kraft Heinz in a research note on Thursday, August 6th. Weiss Ratings cut Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Finally, TD Cowen upped their target price on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $23.88.

Kraft Heinz Price Performance

KHC stock opened at $24.42 on Thursday. The firm has a 50 day moving average of $25.43 and a 200-day moving average of $23.97. The firm has a market capitalization of $28.96 billion, a P/E ratio of -8.54, a price-to-earnings-growth ratio of 2.99 and a beta of 0.09. Kraft Heinz has a 12 month low of $21.03 and a 12 month high of $28.09. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. Kraft Heinz’s revenue was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, sell-side analysts predict that Kraft Heinz will post 2.06 earnings per share for the current fiscal year.

Institutional Trading of Kraft Heinz

A number of hedge funds have recently bought and sold shares of the company. Waverly Advisors LLC boosted its stake in Kraft Heinz by 3.9% in the second quarter. Waverly Advisors LLC now owns 11,438 shares of the company’s stock worth $270,000 after buying an additional 433 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Kraft Heinz by 19.6% during the second quarter. Parkside Financial Bank & Trust now owns 3,097 shares of the company’s stock worth $73,000 after acquiring an additional 508 shares in the last quarter. Triumph Capital Management raised its stake in shares of Kraft Heinz by 14.4% during the second quarter. Triumph Capital Management now owns 4,042 shares of the company’s stock worth $95,000 after acquiring an additional 509 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of Kraft Heinz by 6.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock worth $201,000 after acquiring an additional 515 shares during the last quarter. Finally, Van Hulzen Asset Management LLC lifted its holdings in shares of Kraft Heinz by 5.6% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 10,029 shares of the company’s stock worth $237,000 after acquiring an additional 529 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers, foodservice operators and other customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, beverages, snacks and other packaged foods.

The company’s well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.