TD Cowen Reiterates Hold Rating for Kraft Heinz (NASDAQ:KHC)

Key Points

• TD Cowen reaffirmed its Hold rating on Kraft Heinz and set a $22 price target, implying 9.56% downside from the prior close.
• Analyst sentiment remains cautious: Kraft Heinz has one Buy, 11 Hold and five Sell ratings, with an average consensus rating of “Reduce” and a $23.88 target price.
• Kraft Heinz’s latest quarter exceeded expectations with $0.56 in adjusted EPS and $6.26 billion in revenue, though revenue declined 1.4% year over year; institutional investors own 78.17% of the stock.

Kraft Heinz (NASDAQ:KHC - Get Free Report)'s stock had its "hold" rating reissued by stock analysts at TD Cowen in a report released on Tuesday, Benzinga reports. They presently have a $22.00 price target on the stock. TD Cowen's price target would suggest a potential downside of 9.56% from the company's previous close.

Several other research analysts have also issued reports on KHC. Wall Street Zen lowered Kraft Heinz from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Royal Bank Of Canada assumed coverage on Kraft Heinz in a research note on Thursday, September 17th. They issued an "outperform" rating and a $32.00 price objective for the company. Barclays upped their price objective on Kraft Heinz from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Weiss Ratings lowered shares of Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Finally, Evercore set a $24.00 price target on Kraft Heinz in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $23.88.

Kraft Heinz Trading Down 0.2%

Kraft Heinz stock traded down $0.04 during mid-day trading on Tuesday, hitting $24.32. 1,139,602 shares of the stock were exchanged, compared to its average volume of 16,007,273. The firm's fifty day simple moving average is $25.41 and its two-hundred day simple moving average is $23.97. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. Kraft Heinz has a 12 month low of $21.03 and a 12 month high of $28.09. The stock has a market capitalization of $28.85 billion, a price-to-earnings ratio of -8.51, a PEG ratio of 2.99 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The business had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.18 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The firm's revenue was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Analysts forecast that Kraft Heinz will post 2.06 EPS for the current year.

Institutional Investors Weigh In On Kraft Heinz

Institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Kraft Heinz in the second quarter worth approximately $1,803,911,000. Norges Bank purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at about $332,382,000. Barclays PLC lifted its stake in shares of Kraft Heinz by 77.8% in the 4th quarter. Barclays PLC now owns 8,973,146 shares of the company's stock worth $217,599,000 after purchasing an additional 3,926,141 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Kraft Heinz by 15.3% in the fourth quarter. Bank of New York Mellon Corp now owns 8,802,220 shares of the company's stock worth $213,454,000 after buying an additional 1,167,964 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Kraft Heinz by 7.3% in the first quarter. Pacer Advisors Inc. now owns 9,270,503 shares of the company's stock worth $208,494,000 after acquiring an additional 633,645 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

About Kraft Heinz

The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers, foodservice operators and other customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, beverages, snacks and other packaged foods.

The company's well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.

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