Kraft Heinz (NASDAQ:KHC) Stock Keeps "Hold" Rating at TD Cowen

Kraft Heinz (NASDAQ:KHC - Get Free Report)'s stock had its "hold" rating reiterated by stock analysts at TD Cowen in a note issued to investors on Tuesday, September 22nd, Benzinga reports. They presently have a $22.00 target price on the stock. TD Cowen's price target suggests a potential downside of 6.24% from the company's current price.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Kraft Heinz from $21.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, July 15th. Wells Fargo & Company lifted their price objective on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, July 8th. Evercore set a $24.00 price objective on shares of Kraft Heinz in a report on Thursday, August 6th. Sanford C. Bernstein downgraded shares of Kraft Heinz from a "market perform" rating to an "underperform" rating and lowered their price objective for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. Finally, Piper Sandler lifted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz has an average rating of "Reduce" and a consensus price target of $23.88.

Kraft Heinz Stock Down 0.4%

KHC traded down $0.10 during trading on Tuesday, reaching $23.47. The company had a trading volume of 5,470,911 shares, compared to its average volume of 15,939,690. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. Kraft Heinz has a 12 month low of $21.03 and a 12 month high of $28.09. The business's fifty day moving average price is $25.21 and its 200 day moving average price is $23.96. The company has a market cap of $27.83 billion, a P/E ratio of -8.20, a PEG ratio of 2.99 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The business'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. Equities analysts anticipate that Kraft Heinz will post 2.06 EPS for the current year.

Hedge Funds Weigh In On Kraft Heinz

A number of institutional investors have recently added to or reduced their stakes in the company. Waverly Advisors LLC increased its holdings in shares of Kraft Heinz by 3.9% during the 2nd quarter. Waverly Advisors LLC now owns 11,438 shares of the company's stock worth $270,000 after buying an additional 433 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Kraft Heinz by 19.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,097 shares of the company's stock worth $73,000 after buying an additional 508 shares during the last quarter. Triumph Capital Management increased its holdings in shares of Kraft Heinz by 14.4% during the 2nd quarter. Triumph Capital Management now owns 4,042 shares of the company's stock worth $95,000 after buying an additional 509 shares during the last quarter. Deseret Mutual Benefit Administrators increased its holdings in Kraft Heinz by 6.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company's stock valued at $201,000 after purchasing an additional 515 shares during the last quarter. Finally, Van Hulzen Asset Management LLC increased its holdings in Kraft Heinz by 5.6% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 10,029 shares of the company's stock valued at $237,000 after purchasing an additional 529 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

About Kraft Heinz

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

The company's brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Jell-O, Ore-Ida, Classico, Grey Poupon and Planters.