Kraft Heinz (NASDAQ:KHC) Stock Rating Upgraded by Wall Street Zen

Kraft Heinz (NASDAQ:KHC) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

KHC has been the subject of a number of other reports. Jefferies Financial Group lowered their target price on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 30th. Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. Wells Fargo & Company reduced their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. TD Cowen lowered their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, March 25th. Finally, UBS Group boosted their target price on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $22.88.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $25.37 on Friday. The business has a 50-day moving average price of $23.39 and a two-hundred day moving average price of $23.46. Kraft Heinz has a 1-year low of $21.03 and a 1-year high of $29.19. 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 has a market cap of $30.08 billion, a P/E ratio of -5.22 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data 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. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. During the same period in the previous year, the business earned $0.62 EPS. The firm’s revenue was up .8% compared to the same quarter last year. 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.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Kraft Heinz

A number of institutional investors have recently modified their holdings of KHC. Jessup Wealth Management Inc bought a new stake in Kraft Heinz during the 4th quarter valued at $27,000. Reflection Asset Management bought a new position in shares of Kraft Heinz in the fourth quarter valued at $28,000. DV Equities LLC acquired a new position in shares of Kraft Heinz during the fourth quarter valued at about $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Kraft Heinz during the first quarter valued at about $27,000. Finally, Key Capital Management INC bought a new stake in shares of Kraft Heinz during the fourth quarter worth about $29,000. 78.17% of the stock is owned by institutional investors and hedge funds.

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.