The Kraft Heinz Company (NASDAQ:KHC) Receives $36.55 Average Target Price from Brokerages

Shares of The Kraft Heinz Company (NASDAQ:KHC) have been given an average recommendation of “Hold” by the eleven research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $36.55.

A number of equities analysts have recently weighed in on KHC shares. Mizuho dropped their price target 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. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Stifel Nicolaus downgraded Kraft Heinz from a “buy” rating to a “hold” rating and cut their price target for the stock from $40.00 to $38.00 in a research note on Friday, October 25th. The Goldman Sachs Group lowered their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. Finally, Barclays cut their price objective on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st.

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the transaction, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.32% of the stock is currently owned by company insiders.

Institutional Trading of Kraft Heinz

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fortitude Family Office LLC raised its stake in shares of Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after buying an additional 529 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz in the third quarter worth about $27,000. DiNuzzo Private Wealth Inc. raised its position in Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after purchasing an additional 797 shares in the last quarter. Bangor Savings Bank bought a new position in Kraft Heinz during the third quarter worth about $32,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Kraft Heinz in the 3rd quarter valued at approximately $33,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

KHC opened at $31.61 on Friday. The firm has a market capitalization of $38.22 billion, a P/E ratio of 28.48, a PEG ratio of 3.65 and a beta of 0.49. The stock has a fifty day moving average of $33.77 and a 200-day moving average of $34.10. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. Kraft Heinz has a 12-month low of $30.40 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. Equities analysts forecast that Kraft Heinz will post 3.01 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend is Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is 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.