Kraft Heinz Company (NASDAQ:KHC) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Kraft Heinz Company (NASDAQ:KHC) have received a consensus rating of “Reduce” from the twenty analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.0625.

KHC has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. Zacks Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Sanford C. Bernstein raised their price objective on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, February 12th. UBS Group raised their price objective on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a report on Thursday, April 23rd.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $23.33 on Wednesday. The firm’s 50-day moving average price is $22.80 and its 200-day moving average price is $23.68. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. The company has a market cap of $27.66 billion, a PE ratio of -4.80 and a beta of 0.08. Kraft Heinz has a 52-week low of $21.03 and a 52-week high of $29.19.

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

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.9%. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.92%.

Hedge Funds Weigh In On Kraft Heinz

Institutional investors and hedge funds have recently made changes to their positions in the business. Schroder Investment Management Group raised its position in shares of Kraft Heinz by 2.4% during the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock valued at $84,994,000 after buying an additional 77,045 shares during the last quarter. Vanguard Group Inc. boosted its stake in Kraft Heinz by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after buying an additional 616,283 shares during the period. ABN AMRO Bank N.V. boosted its stake in Kraft Heinz by 5,045.7% during the third quarter. ABN AMRO Bank N.V. now owns 411,652 shares of the company’s stock worth $10,634,000 after buying an additional 403,652 shares during the period. Russell Investments Group Ltd. boosted its stake in Kraft Heinz by 37.4% during the third quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock worth $51,717,000 after buying an additional 540,532 shares during the period. Finally, Peak Retirement Planning Inc. purchased a new position in Kraft Heinz during the third quarter worth $1,655,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

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.