Analysts Set Kraft Heinz Company (NASDAQ:KHC) Target Price at $30.35

Shares of Kraft Heinz Company (NASDAQ:KHC) have been given a consensus recommendation of “Reduce” by the eighteen research firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $30.35.

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. DZ Bank lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research note on Friday, May 9th. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the company a “neutral” rating in a research note on Wednesday, May 28th. Cfra Research lowered shares of Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group reduced their price target on shares of Kraft Heinz from $27.00 to $25.00 and set a “sell” rating for the company in a report on Monday, June 9th.

Kraft Heinz Stock Performance

Shares of KHC opened at $25.80 on Wednesday. The company’s fifty day moving average is $27.66 and its 200-day moving average is $29.22. Kraft Heinz has a 12 month low of $25.53 and a 12 month high of $36.53. The firm has a market cap of $30.54 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 3.00 and a beta of 0.27. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the business posted $0.69 EPS. Kraft Heinz’s revenue was down 6.4% compared to the same quarter last year. Equities analysts expect that Kraft Heinz will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.20%. The ex-dividend date is Friday, May 30th. Kraft Heinz’s payout ratio is presently 73.06%.

Institutional Investors Weigh In On Kraft Heinz

Several institutional investors have recently modified their holdings of KHC. Vanguard Group Inc. grew its position in shares of Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock worth $2,779,524,000 after buying an additional 14,996,486 shares during the period. Norges Bank acquired a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $324,857,000. Pacer Advisors Inc. grew its position in shares of Kraft Heinz by 4,390.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock worth $226,523,000 after buying an additional 7,278,295 shares during the period. Southeastern Asset Management Inc. TN acquired a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $87,080,000. Finally, Fairfax Financial Holdings Ltd. Can grew its holdings in Kraft Heinz by 341.9% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company’s stock valued at $101,773,000 after purchasing an additional 2,564,000 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Company Profile

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.