BNP Paribas Exane Cuts Kraft Heinz (NASDAQ:KHC) Price Target to $25.00

Kraft Heinz (NASDAQ:KHC) had its price objective decreased by BNP Paribas Exane from $26.00 to $25.00 in a research note issued to investors on Tuesday,MarketScreener reports. BNP Paribas Exane currently has a neutral rating on the stock.

A number of other equities research analysts have also recently issued reports on KHC. Zacks Research cut Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. TD Cowen cut their price target on shares of Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Mizuho decreased their price objective on shares of Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Finally, The Goldman Sachs Group cut their target price on shares of Kraft Heinz from $30.00 to $27.00 in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $26.63.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $24.75 on Tuesday. The company’s 50-day moving average price is $24.90 and its two-hundred day moving average price is $26.16. Kraft Heinz has a one year low of $23.70 and a one year high of $33.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.73. The stock has a market capitalization of $29.30 billion, a PE ratio of -6.64 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 17.35%.The business had revenue of $6.39 billion for the quarter. On average, equities analysts forecast that Kraft Heinz will post 2.68 EPS for the current fiscal year.

Kraft Heinz Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, November 28th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 28th. This represents a $1.60 annualized dividend and a yield of 6.5%. Kraft Heinz’s dividend payout ratio (DPR) is -42.90%.

Hedge Funds Weigh In On Kraft Heinz

Large investors have recently made changes to their positions in the company. Rakuten Securities Inc. boosted its stake in Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares during the period. Cape Investment Advisory Inc. lifted its holdings in shares of Kraft Heinz by 164.7% during the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after buying an additional 807 shares in the last quarter. Anfield Capital Management LLC boosted its position in shares of Kraft Heinz by 256.7% in the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after acquiring an additional 914 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Kraft Heinz in the third quarter valued at about $38,000. Finally, Mid American Wealth Advisory Group Inc. bought a new position in Kraft Heinz during the second quarter worth about $39,000. Institutional investors own 78.17% of the company’s stock.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.