The Kraft Heinz Company (NASDAQ:KHC) Receives $37.50 Consensus Price Target from Analysts

The Kraft Heinz Company (NASDAQ:KHC) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $37.50.

KHC has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Barclays upped their price objective on Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. decreased their target price on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft dropped their price target on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Bank of America decreased their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 10th.

Insider Buying and Selling

In other news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the transaction, the insider now directly owns 143,970 shares of the company’s stock, valued at $5,182,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Kraft Heinz

Large investors have recently bought and sold shares of the stock. Principal Securities Inc. bought a new stake in Kraft Heinz in the fourth quarter worth about $110,000. Dimensional Fund Advisors LP raised its holdings in shares of Kraft Heinz by 18.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,081,905 shares of the company’s stock worth $113,960,000 after purchasing an additional 474,758 shares in the last quarter. Fiera Capital Corp acquired a new stake in Kraft Heinz during the fourth quarter valued at approximately $706,000. Panagora Asset Management Inc. boosted its holdings in Kraft Heinz by 8.3% during the fourth quarter. Panagora Asset Management Inc. now owns 70,965 shares of the company’s stock worth $2,624,000 after buying an additional 5,460 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its holdings in shares of Kraft Heinz by 23.4% in the fourth quarter. Great Lakes Advisors LLC now owns 128,440 shares of the company’s stock valued at $4,750,000 after buying an additional 24,360 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Down 0.1 %

NASDAQ:KHC opened at $34.96 on Monday. The stock has a market cap of $42.45 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 3.43 and a beta of 0.49. Kraft Heinz has a one year low of $30.68 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01. The business’s 50-day simple moving average is $34.80 and its 200 day simple moving average is $35.05.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 EPS. As a group, sell-side analysts predict that Kraft Heinz will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.58%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

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.