Kraft Heinz Company (NASDAQ:KHC) Given Consensus Rating of “Reduce” by Brokerages

Kraft Heinz Company (NASDAQ:KHC) has received a consensus recommendation of “Reduce” from the nineteen brokerages that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $22.75.

KHC has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. Piper Sandler increased their price target on Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley set a $22.00 price target on Kraft Heinz in a research note on Thursday, April 23rd. Finally, BNP Paribas Exane cut their price target on Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th.

Kraft Heinz Stock Up 1.1%

Shares of KHC opened at $23.72 on Friday. The business’s fifty day moving average price is $23.14 and its two-hundred day moving average price is $23.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The firm has a market capitalization of $28.13 billion, a price-to-earnings ratio of -4.88 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 posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, analysts predict that Kraft Heinz will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.7%. Kraft Heinz’s dividend payout ratio is -32.92%.

Insider Buying and Selling

In related news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the sale, the insider owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

Institutional Trading of Kraft Heinz

Several hedge funds have recently added to or reduced their stakes in KHC. Cassaday & Co Wealth Management LLC acquired a new stake in Kraft Heinz during the 1st quarter worth $27,000. Jessup Wealth Management Inc acquired a new stake in Kraft Heinz during the 4th quarter worth $27,000. Reflection Asset Management acquired a new stake in Kraft Heinz during the 4th quarter worth $28,000. Key Capital Management INC acquired a new stake in Kraft Heinz during the 4th quarter worth $29,000. Finally, DV Equities LLC acquired a new stake in Kraft Heinz during the 4th quarter worth $29,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

About Kraft Heinz

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.