The Kraft Heinz Company (NASDAQ:KHC) Given Average Rating of “Reduce” by Analysts

Shares of The Kraft Heinz Company (NASDAQ:KHC) have earned a consensus recommendation of “Reduce” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and twelve have assigned a hold recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $30.86.

Several research analysts recently weighed in on KHC shares. UBS Group decreased their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Piper Sandler decreased their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus decreased their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Finally, Mizuho downgraded shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $31.00 in a research note on Monday, February 10th.

Institutional Trading of Kraft Heinz

Several large investors have recently added to or reduced their stakes in KHC. Principal Financial Group Inc. boosted its holdings in Kraft Heinz by 14.4% in the third quarter. Principal Financial Group Inc. now owns 1,097,084 shares of the company’s stock valued at $38,519,000 after acquiring an additional 138,101 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Kraft Heinz in the third quarter valued at $33,000. Assetmark Inc. boosted its holdings in Kraft Heinz by 1.1% in the third quarter. Assetmark Inc. now owns 97,462 shares of the company’s stock valued at $3,422,000 after acquiring an additional 1,070 shares in the last quarter. First Personal Financial Services boosted its holdings in shares of Kraft Heinz by 10.6% during the 3rd quarter. First Personal Financial Services now owns 26,950 shares of the company’s stock valued at $946,000 after buying an additional 2,577 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of Kraft Heinz by 36.3% during the 3rd quarter. Atria Investments Inc now owns 41,959 shares of the company’s stock valued at $1,473,000 after buying an additional 11,185 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 0.1 %

Shares of KHC opened at $30.23 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $29.86 and its 200-day moving average price is $32.09. The stock has a market cap of $36.12 billion, a PE ratio of 13.38, a P/E/G ratio of 3.39 and a beta of 0.40. Kraft Heinz has a twelve month low of $27.25 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, equities analysts forecast that Kraft Heinz will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.29%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.80%.

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.