Kraft Heinz (NASDAQ:KHC) Price Target Lowered to $32.00 at JPMorgan Chase & Co.

Kraft Heinz (NASDAQ:KHC) had its price target trimmed by JPMorgan Chase & Co. from $36.00 to $32.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts have also issued reports on the company. Barclays decreased their target price on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Citigroup dropped their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. UBS Group reduced their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus dropped their price target on shares of Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Mizuho decreased their price objective on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and a consensus price target of $34.07.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $29.84 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The company has a market capitalization of $36.08 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 3.80 and a beta of 0.48. The company’s 50 day simple moving average is $30.41 and its 200-day simple moving average is $33.03. Kraft Heinz has a 1 year low of $28.37 and a 1 year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts expect that Kraft Heinz will post 3 earnings per share for the current year.

Insider Activity at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the sale, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KHC. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $25,000. Fortitude Family Office LLC raised its stake in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after acquiring an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Kraft Heinz during the 3rd quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after purchasing an additional 797 shares during the period. Finally, Bangor Savings Bank acquired a new position in shares of Kraft Heinz in the third quarter valued at approximately $32,000. Hedge funds and other 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.