Kraft Heinz (NASDAQ:KHC) Price Target Cut to $30.00 by Analysts at Wells Fargo & Company

Kraft Heinz (NASDAQ:KHC) had its target price decreased by Wells Fargo & Company from $31.00 to $30.00 in a report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other equities research analysts also recently issued reports on KHC. Jefferies Financial Group lowered their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on shares of Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $34.00 to $28.00 in a research note on Thursday. Finally, TD Cowen cut their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and a consensus target price of $31.29.

Kraft Heinz Trading Up 2.2 %

Shares of KHC stock opened at $29.25 on Thursday. Kraft Heinz has a 1-year low of $27.25 and a 1-year high of $38.96. The firm’s 50-day simple moving average is $29.98 and its 200-day simple moving average is $32.80. The firm has a market cap of $35.37 billion, a P/E ratio of 26.35, a PEG ratio of 3.74 and a beta of 0.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. As a group, equities analysts forecast that Kraft Heinz will post 3 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th 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 5.47%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s payout ratio is 144.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KHC. Sawyer & Company Inc purchased a new stake in Kraft Heinz during the 4th quarter worth approximately $25,000. Fortitude Family Office LLC grew its position in shares of Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares in the last quarter. Generali Investments Management Co LLC bought a new stake in shares of Kraft Heinz in the fourth quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in Kraft Heinz in the third quarter valued at $27,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Kraft Heinz during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

About Kraft Heinz

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.