JPMorgan Chase & Co. Has Lowered Expectations for Kraft Heinz (NASDAQ:KHC) Stock Price

Kraft Heinz (NASDAQ:KHC) had its price target decreased by research analysts at JPMorgan Chase & Co. from $22.00 to $21.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 2.60% from the stock’s previous close.

KHC has been the subject of several other research reports. Barclays upped their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Wells Fargo & Company dropped their price target on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. UBS Group boosted their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Mizuho decreased their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Finally, BNP Paribas Exane dropped their target price on shares of Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating on the stock in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $24.61.

Kraft Heinz Stock Up 0.2%

KHC stock opened at $21.56 on Wednesday. The firm has a market capitalization of $25.52 billion, a PE ratio of -4.36 and a beta of 0.06. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. Kraft Heinz has a twelve month low of $21.03 and a twelve month high of $31.15. The stock’s 50 day moving average is $23.59 and its 200-day moving average is $24.50.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.Kraft Heinz’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts expect that Kraft Heinz will post 2.68 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Cory Onell sold 9,045 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the transaction, the insider owned 202,454 shares in the company, valued at approximately $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Kraft Heinz by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after purchasing an additional 616,283 shares during the last quarter. State Street Corp lifted its stake in Kraft Heinz by 1.0% in the second quarter. State Street Corp now owns 46,376,394 shares of the company’s stock valued at $1,197,438,000 after purchasing an additional 462,963 shares during the last quarter. Invesco Ltd. grew its holdings in Kraft Heinz by 10.5% during the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock valued at $478,347,000 after purchasing an additional 1,870,310 shares during the period. Auto Owners Insurance Co increased its position in Kraft Heinz by 3,034.1% in the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after buying an additional 15,951,271 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Kraft Heinz by 0.8% in the fourth quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock worth $336,134,000 after buying an additional 106,970 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.