Wall Street Zen Downgrades Kraft Heinz (NASDAQ:KHC) to Hold

Kraft Heinz (NASDAQ:KHC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other equities analysts have also commented on the stock. Barclays increased their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. Evercore reduced their target price on shares of Kraft Heinz from $25.00 to $22.00 in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. BNP Paribas Exane cut their target price on shares of Kraft Heinz from $18.00 to $17.00 in a report on Thursday, May 7th. Finally, Jefferies Financial Group cut their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Kraft Heinz has an average rating of “Reduce” and an average price target of $23.06.

Kraft Heinz Stock Down 1.9%

KHC stock opened at $24.01 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $22.76 and its 200 day moving average is $23.69. The stock has a market cap of $28.47 billion, a price-to-earnings ratio of -4.94 and a beta of 0.06. Kraft Heinz has a 1-year low of $21.03 and a 1-year high of $29.19.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. Kraft Heinz’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts predict that Kraft Heinz will post 2.07 EPS for the current fiscal year.

Insider Activity

In related news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the transaction, the insider directly owned 202,454 shares in the company, valued at approximately $4,982,392.94. The trade was a 4.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC bought a new position in shares of Kraft Heinz during the 1st quarter valued at approximately $27,000. Jessup Wealth Management Inc bought a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $27,000. Reflection Asset Management bought a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $28,000. Key Capital Management INC bought a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $29,000. Finally, DV Equities LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $29,000. 78.17% of the stock is currently owned by 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.