Kraft Heinz (NASDAQ:KHC) Price Target Raised to $25.00 at Wells Fargo & Company

Kraft Heinz (NASDAQ:KHC) had its target price increased by Wells Fargo & Company from $23.00 to $25.00 in a research note released on Wednesday morning, Marketbeat reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also recently commented on KHC. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Sanford C. Bernstein cut shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. BTIG Research began coverage on shares of Kraft Heinz in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Piper Sandler lifted their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Finally, Wall Street Zen raised shares of Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Reduce” and a consensus price target of $23.00.

Kraft Heinz Stock Down 1.5%

Shares of KHC stock opened at $24.92 on Wednesday. Kraft Heinz has a 12-month low of $21.03 and a 12-month high of $29.19. 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 firm has a fifty day moving average of $23.58 and a 200-day moving average of $23.46. The company has a market capitalization of $29.55 billion, a price-to-earnings ratio of -5.13 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. The business 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%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities research analysts predict that Kraft Heinz will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.4%. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.

Insider Activity at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the transaction, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kraft Heinz

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after purchasing an additional 616,283 shares during the period. Invesco Ltd. boosted its holdings in shares of Kraft Heinz by 10.5% during the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock worth $478,347,000 after acquiring an additional 1,870,310 shares during the period. Auto Owners Insurance Co boosted its holdings in shares of Kraft Heinz by 3,034.1% during the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after acquiring an additional 15,951,271 shares during the period. Nordea Investment Management AB grew its position in shares of Kraft Heinz by 0.8% in the fourth quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock valued at $336,134,000 after purchasing an additional 106,970 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $332,382,000. Institutional investors 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.