The Kraft Heinz Company (NASDAQ:KHC) Receives Average Recommendation of “Reduce” from Analysts

Shares of The Kraft Heinz Company (NASDAQ:KHC) have received a consensus recommendation of “Reduce” from the fourteen research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $30.86.

KHC has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group dropped their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $31.00 in a research report on Monday, February 10th. Piper Sandler dropped their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th.

Kraft Heinz Trading Up 0.1 %

Kraft Heinz stock opened at $30.23 on Monday. Kraft Heinz has a 52-week low of $27.25 and a 52-week high of $38.96. The company has a market cap of $36.12 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.39 and a beta of 0.40. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $29.86 and a two-hundred day simple moving average of $32.14.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Analysts predict that Kraft Heinz will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.29%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s payout ratio is 70.80%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Centaurus Financial Inc. increased its holdings in Kraft Heinz by 49.1% during the 4th quarter. Centaurus Financial Inc. now owns 4,933 shares of the company’s stock worth $152,000 after purchasing an additional 1,625 shares during the period. Aegis Wealth Management LLC acquired a new stake in Kraft Heinz in the fourth quarter worth about $244,000. Siemens Fonds Invest GmbH increased its position in shares of Kraft Heinz by 192.9% in the 4th quarter. Siemens Fonds Invest GmbH now owns 62,499 shares of the company’s stock valued at $1,871,000 after acquiring an additional 41,163 shares during the period. QSM Asset Management Ltd acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $7,135,000. Finally, Menard Financial Group LLC raised its holdings in shares of Kraft Heinz by 5.2% during the fourth quarter. Menard Financial Group LLC now owns 11,495 shares of the company’s stock worth $353,000 after purchasing an additional 571 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.