Barclays Cuts Kraft Heinz (NASDAQ:KHC) Price Target to $26.00

Key Points

• Barclays has lowered its price target for Kraft Heinz from $29.00 to $26.00, maintaining an "equal weight" rating, suggesting a potential upside of 3.33% from the current price.
• Several other analysts have also recently adjusted their ratings or price targets for Kraft Heinz, with the consensus rating currently classified as "Reduce" and a consensus price target of $29.53.
• Insider trading activity revealed that Director Elio Leoni Sceti sold 25,000 shares at an average price of $27.91, resulting in a decrease of 38.46% in his holding of the company's stock.

Kraft Heinz (NASDAQ:KHC - Get Free Report) had its price target decreased by investment analysts at Barclays from $29.00 to $26.00 in a report released on Friday,MarketScreener reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price points to a potential upside of 3.33% from the company's current price.

KHC has been the topic of several other research reports. JPMorgan Chase & Co. started coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 target price on the stock. Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. DZ Bank raised shares of Kraft Heinz from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Stifel Nicolaus reduced their target price on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a report on Wednesday, September 3rd. Finally, UBS Group decreased their price target on Kraft Heinz from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $29.53.

Kraft Heinz Stock Up 0.5%

NASDAQ KHC opened at $25.16 on Friday. Kraft Heinz has a 1-year low of $24.85 and a 1-year high of $36.31. The company has a market capitalization of $29.78 billion, a price-to-earnings ratio of -5.58, a PEG ratio of 2.93 and a beta of 0.16. The stock's 50 day moving average is $26.78 and its two-hundred day moving average is $27.46. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. The business had revenue of $6.39 billion during the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. Equities analysts forecast that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the sale, the director directly owned 40,000 shares of the company's stock, valued at $1,116,400. This represents a 38.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kraft Heinz

Several institutional investors and hedge funds have recently made changes to their positions in the company. KMG Fiduciary Partners LLC raised its stake in Kraft Heinz by 4.5% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 69,834 shares of the company's stock worth $1,818,000 after buying an additional 3,002 shares during the period. Independence Bank of Kentucky raised its position in shares of Kraft Heinz by 61.8% during the third quarter. Independence Bank of Kentucky now owns 3,141 shares of the company's stock worth $82,000 after purchasing an additional 1,200 shares during the period. Hedges Asset Management LLC lifted its holdings in shares of Kraft Heinz by 10.4% during the 3rd quarter. Hedges Asset Management LLC now owns 52,925 shares of the company's stock valued at $1,378,000 after purchasing an additional 5,000 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of Kraft Heinz by 5.7% during the 3rd quarter. Wedmont Private Capital now owns 10,753 shares of the company's stock valued at $273,000 after purchasing an additional 584 shares in the last quarter. Finally, Czech National Bank grew its position in shares of Kraft Heinz by 2.5% in the 3rd quarter. Czech National Bank now owns 216,439 shares of the company's stock valued at $5,636,000 after purchasing an additional 5,251 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

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.

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