Brokerages Set Kraft Heinz Company (NASDAQ:KHC) PT at $29.76

Kraft Heinz Company (NASDAQ:KHC) has been assigned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $29.7647.

Several equities analysts recently issued reports on KHC shares. UBS Group set a $28.00 price objective on Kraft Heinz and gave the stock a “neutral” rating in a report on Thursday, September 4th. Wells Fargo & Company cut their price target on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 3rd. The Goldman Sachs Group raised shares of Kraft Heinz from a “sell” rating to a “neutral” rating and increased their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. Stifel Nicolaus cut their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Finally, Hsbc Global Res raised shares of Kraft Heinz to a “hold” rating in a report on Friday, August 1st.

Insiders Place Their Bets

In other news, Director Elio Leoni Sceti sold 25,000 shares of the business’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the transaction, the director directly owned 40,000 shares of the company’s stock, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new stake in shares of Kraft Heinz during the 1st quarter worth about $29,000. Rakuten Securities Inc. lifted its stake in shares of Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the period. Wayfinding Financial LLC acquired a new stake in Kraft Heinz during the first quarter worth approximately $33,000. Cape Investment Advisory Inc. grew its stake in Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after acquiring an additional 807 shares during the period. Finally, Investment Management Corp VA ADV raised its holdings in Kraft Heinz by 141.7% in the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock valued at $35,000 after acquiring an additional 669 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC opened at $26.04 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. Kraft Heinz has a 52-week low of $25.35 and a 52-week high of $36.31. The company has a 50-day simple moving average of $27.18 and a 200-day simple moving average of $27.65. The company has a market capitalization of $30.82 billion, a PE ratio of -5.80, a P/E/G ratio of 3.00 and a beta of 0.23.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Equities research analysts predict that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s dividend payout ratio is -35.63%.

Kraft Heinz Company Profile

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.