The Kraft Heinz Company (NASDAQ:KHC) Receives $40.57 Average Price Target from Analysts

Shares of The Kraft Heinz Company (NASDAQ:KHC) have earned an average recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $40.57.

Several analysts have recently weighed in on KHC shares. Deutsche Bank Aktiengesellschaft lifted their target price on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company decreased their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Bank of America lifted their price objective on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, Citigroup initiated coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 target price for the company.

Institutional Investors Weigh In On Kraft Heinz

Several hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC raised its stake in shares of Kraft Heinz by 69.9% during the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after buying an additional 272 shares during the period. Steward Partners Investment Solutions LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth approximately $25,000. Riverview Trust Co acquired a new position in Kraft Heinz in the 3rd quarter valued at $27,000. OFI Invest Asset Management acquired a new position in Kraft Heinz in the 3rd quarter valued at $26,000. Finally, O Dell Group LLC acquired a new position in Kraft Heinz in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 1.8 %

KHC stock opened at $37.78 on Friday. The firm has a fifty day moving average price of $35.91 and a 200 day moving average price of $35.41. Kraft Heinz has a fifty-two week low of $30.68 and a fifty-two week high of $41.47. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99. The firm has a market cap of $45.93 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.99 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. The company had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. Kraft Heinz’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. Sell-side analysts anticipate that Kraft Heinz will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a $0.40 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.24%. Kraft Heinz’s dividend payout ratio is presently 69.26%.

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.