The Kraft Heinz Company (NASDAQ:KHC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of The Kraft Heinz Company (NASDAQ:KHC) have earned a consensus rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $37.55.

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Citigroup cut their price target on Kraft Heinz from $41.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Wells Fargo & Company increased their price objective on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Evercore ISI cut their target price on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Barclays raised their price target on shares of Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st.

Kraft Heinz Stock Up 1.0 %

KHC opened at $35.72 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01. The company has a market cap of $43.37 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 3.39 and a beta of 0.49. Kraft Heinz has a one year low of $31.08 and a one year high of $38.96. The business’s fifty day moving average is $35.15 and its two-hundred day moving average is $34.98.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.55 billion. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. Analysts anticipate that Kraft Heinz will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.48%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the completion of the sale, the insider now owns 143,970 shares of the company’s stock, valued at approximately $5,182,920. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Several institutional investors have recently bought and sold shares of the business. Swedbank AB raised its stake in shares of Kraft Heinz by 6.9% in the 3rd quarter. Swedbank AB now owns 775,689 shares of the company’s stock valued at $27,234,000 after acquiring an additional 50,063 shares during the period. Wesbanco Bank Inc. raised its position in Kraft Heinz by 17.3% in the third quarter. Wesbanco Bank Inc. now owns 11,281 shares of the company’s stock valued at $396,000 after purchasing an additional 1,665 shares during the period. CX Institutional acquired a new position in shares of Kraft Heinz during the third quarter worth about $340,000. Sapient Capital LLC purchased a new stake in shares of Kraft Heinz in the third quarter worth about $213,000. Finally, Thomasville National Bank raised its holdings in shares of Kraft Heinz by 1.2% during the 3rd quarter. Thomasville National Bank now owns 40,868 shares of the company’s stock valued at $1,435,000 after buying an additional 481 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

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.