The Kraft Heinz Company (NASDAQ:KHC) Announces Quarterly Dividend of $0.40

The Kraft Heinz Company (NASDAQ:KHC) declared a quarterly dividend on Tuesday, April 29th, RTT News reports. Investors of record on Friday, May 30th will be paid a dividend of 0.40 per share on Friday, June 27th. This represents a $1.60 annualized dividend and a yield of 5.55%.

Kraft Heinz has a payout ratio of 57.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kraft Heinz to earn $2.82 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 56.7%.

Kraft Heinz Stock Down 2.3 %

NASDAQ KHC opened at $28.81 on Tuesday. Kraft Heinz has a one year low of $27.25 and a one year high of $38.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a 50 day moving average price of $30.05 and a 200-day moving average price of $30.83. The company has a market capitalization of $34.38 billion, a P/E ratio of 12.75, a P/E/G ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. During the same period last year, the business earned $0.69 earnings per share. As a group, equities analysts predict that Kraft Heinz will post 2.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KHC shares. The Goldman Sachs Group lowered their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday, February 13th. Morgan Stanley began coverage on shares of Kraft Heinz in a report on Monday, March 24th. They set an “underweight” rating and a $29.00 price target for the company. TD Cowen reduced their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their target price on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Finally, Citigroup reiterated a “sell” rating and issued a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Four analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. Based on data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and an average price target of $30.69.

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.