Kraft Heinz (KHC) – Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Kraft Heinz (NASDAQ: KHC) recently:

• 8/12/2024 – Kraft Heinz is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “sell” rating and a $34.00 price target on the stock.
• 8/1/2024 – Kraft Heinz had its price target raised by analysts at Barclays PLC from $34.00 to $36.00. They now have an “equal weight” rating on the stock.
• 8/1/2024 – Kraft Heinz had its price target raised by analysts at Wells Fargo & Company from $34.00 to $35.00. They now have an “equal weight” rating on the stock.
• 7/31/2024 – Kraft Heinz had its price target lowered by analysts at Evercore ISI from $42.00 to $38.00. They now have an “overweight” rating on the stock.
• 7/31/2024 – Kraft Heinz had its price target lowered by analysts at JPMorgan Chase & Co. from $38.00 to $37.00. They now have a “neutral” rating on the stock.
• 7/31/2024 – Kraft Heinz had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $43.00 to $39.00. They now have a “buy” rating on the stock.
• 7/19/2024 – Kraft Heinz had its price target lowered by analysts at Barclays PLC from $36.00 to $34.00. They now have an “equal weight” rating on the stock.
• 7/17/2024 – Kraft Heinz had its price target lowered by analysts at Citigroup Inc. from $42.00 to $38.00. They now have a “buy” rating on the stock.
• 7/10/2024 – Kraft Heinz had its price target lowered by analysts at Bank of America Co. from $42.00 to $38.00. They now have a “buy” rating on the stock.
• 6/27/2024 – Kraft Heinz had its price target lowered by analysts at Wells Fargo & Company from $37.00 to $34.00. They now have an “equal weight” rating on the stock.
• 6/20/2024 – Kraft Heinz had its price target lowered by analysts at Piper Sandler from $42.00 to $41.00. They now have an “overweight” rating on the stock.

Kraft Heinz Stock Down 0.9 %

Shares of Kraft Heinz stock traded down $0.30 during trading hours on Thursday, hitting $34.19. 4,153,880 shares of the company’s stock traded hands, compared to its average volume of 8,018,485. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $38.96. The stock has a 50 day simple moving average of $33.29 and a 200-day simple moving average of $35.17. The company has a quick ratio of 0.61, a current ratio of 1.01 and a debt-to-equity ratio of 0.39. The company has a market cap of $41.52 billion, a PE ratio of 14.93, a PEG ratio of 3.52 and a beta of 0.53.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter last year, the business posted $0.79 EPS. Kraft Heinz’s quarterly revenue was down 3.3% compared to the same quarter last year. Equities research analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, August 30th. Kraft Heinz’s payout ratio is 69.87%.

Insider Transactions at Kraft Heinz

In related news, insider Cory Onell sold 4,076 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total value of $146,736.00. Following the completion of the transaction, the insider now directly owns 143,970 shares of the company’s stock, valued at approximately $5,182,920. The sale was disclosed in a filing 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 have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Kraft Heinz by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 70,398,831 shares of the company’s stock worth $2,603,349,000 after purchasing an additional 183,234 shares during the period. LSV Asset Management increased its holdings in shares of Kraft Heinz by 2.1% in the second quarter. LSV Asset Management now owns 9,107,688 shares of the company’s stock valued at $293,450,000 after buying an additional 189,000 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Kraft Heinz by 9.7% in the second quarter. Legal & General Group Plc now owns 9,064,592 shares of the company’s stock valued at $292,061,000 after buying an additional 799,581 shares in the last quarter. Capital World Investors increased its holdings in shares of Kraft Heinz by 83.4% in the first quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock valued at $321,388,000 after buying an additional 3,961,872 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Kraft Heinz by 47.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock valued at $178,379,000 after buying an additional 1,778,263 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

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.