The Kraft Heinz Company (NASDAQ:KHC) Receives $39.75 Average PT from Analysts

The Kraft Heinz Company (NASDAQ:KHCGet Free Report) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $39.75.

A number of research firms have commented on KHC. Wells Fargo & Company lowered their price target on Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, June 27th. Piper Sandler decreased their target price on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, June 20th. Bank of America increased their target price on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft increased 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, April 18th.

Read Our Latest Research Report on KHC

Kraft Heinz Trading Down 0.5 %

KHC opened at $31.93 on Wednesday. The business has a 50 day simple moving average of $34.30 and a two-hundred day simple moving average of $35.80. The firm has a market capitalization of $38.77 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 2.59 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61. Kraft Heinz has a one year low of $30.68 and a one year high of $38.96.

Kraft Heinz (NASDAQ:KHCGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. Kraft Heinz’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS. Analysts predict that Kraft Heinz will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 6th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.60 annualized dividend and a dividend yield of 5.01%. Kraft Heinz’s payout ratio is currently 69.87%.

Insider Buying and Selling

In related news, insider Lande Rashida La sold 10,140 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $35.95, for a total value of $364,533.00. Following the sale, the insider now owns 158,266 shares in the company, valued at approximately $5,689,662.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.37% of the stock is currently owned by company insiders.

Institutional Trading of Kraft Heinz

Several institutional investors have recently added to or reduced their stakes in KHC. Rise Advisors LLC boosted its stake in shares of Kraft Heinz by 1,149.3% in the 2nd quarter. Rise Advisors LLC now owns 6,846 shares of the company’s stock worth $221,000 after buying an additional 6,298 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Kraft Heinz by 23.1% in the 2nd quarter. Mather Group LLC. now owns 3,826 shares of the company’s stock worth $123,000 after buying an additional 719 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Kraft Heinz in the 2nd quarter worth $337,000. DNB Asset Management AS boosted its stake in shares of Kraft Heinz by 16.0% in the 2nd quarter. DNB Asset Management AS now owns 178,463 shares of the company’s stock worth $5,750,000 after buying an additional 24,669 shares during the last quarter. Finally, Polianta Ltd boosted its stake in shares of Kraft Heinz by 7.5% in the 2nd quarter. Polianta Ltd now owns 33,100 shares of the company’s stock worth $1,066,000 after buying an additional 2,300 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Company Profile

(Get Free Report

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.

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Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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