Analysts Set The Kraft Heinz Company (NASDAQ:KHC) PT at $37.25

The Kraft Heinz Company (NASDAQ:KHC) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $37.25.

A number of research firms have weighed in on KHC. Mizuho dropped their target price on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Citigroup dropped their price objective on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group lowered their target price on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Thursday, October 31st. Evercore ISI cut their price target on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $35.00 in a research note on Thursday, October 31st.

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the sale, the executive vice president now owns 168,195 shares in the company, valued at approximately $5,626,122.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norden Group LLC bought a new stake in Kraft Heinz during the first quarter worth about $331,000. Janney Montgomery Scott LLC boosted its stake in Kraft Heinz by 11.1% in the first quarter. Janney Montgomery Scott LLC now owns 305,474 shares of the company’s stock worth $11,272,000 after buying an additional 30,443 shares in the last quarter. Choreo LLC grew its position in Kraft Heinz by 24.1% during the first quarter. Choreo LLC now owns 13,810 shares of the company’s stock valued at $510,000 after acquiring an additional 2,685 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Kraft Heinz during the first quarter worth approximately $109,000. Finally, Jennison Associates LLC lifted its holdings in shares of Kraft Heinz by 34.6% in the 1st quarter. Jennison Associates LLC now owns 12,527 shares of the company’s stock worth $462,000 after acquiring an additional 3,220 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

KHC stock opened at $32.53 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The firm has a market cap of $39.33 billion, a PE ratio of 29.31, a P/E/G ratio of 3.77 and a beta of 0.49. The business has a 50 day moving average of $34.92 and a 200-day moving average of $34.64. Kraft Heinz has a 12-month low of $31.58 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. As a group, sell-side analysts expect that Kraft Heinz will post 3.01 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.92%. The ex-dividend date is Friday, November 29th. Kraft Heinz’s dividend payout ratio is presently 144.14%.

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.