The Kraft Heinz Company (NASDAQ:KHC) Given Consensus Rating of "Hold" by Analysts

The Kraft Heinz Company (NASDAQ:KHC - Get Free Report) has been given an average rating of "Hold" by the thirteen brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $35.23.

A number of research analysts have commented on KHC shares. Piper Sandler reissued a "neutral" rating and set a $35.00 price target (down from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Citigroup decreased their target price on shares of Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. TD Cowen cut their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on Kraft Heinz from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Finally, Evercore ISI restated an "in-line" rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded down $0.41 during trading on Friday, reaching $29.07. The company had a trading volume of 8,634,660 shares, compared to its average volume of 9,437,776. The company has a fifty day moving average of $30.68 and a two-hundred day moving average of $33.18. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $35.15 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 3.47 and a beta of 0.48. Kraft Heinz has a 12 month low of $28.37 and a 12 month high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.01. The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share. Equities research analysts forecast that Kraft Heinz will post 3 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Friday, November 29th. Kraft Heinz's dividend payout ratio (DPR) is presently 144.14%.

Insider Buying and Selling

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the sale, the executive vice president now owns 168,195 shares of the company's stock, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kraft Heinz

Several large investors have recently bought and sold shares of the business. MADDEN SECURITIES Corp boosted its position in Kraft Heinz by 2.4% in the third quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company's stock worth $448,000 after purchasing an additional 303 shares during the last quarter. Axiom Advisory LLC boosted its holdings in shares of Kraft Heinz by 5.2% in the third quarter. Axiom Advisory LLC now owns 6,594 shares of the company's stock worth $227,000 after buying an additional 327 shares during the last quarter. Trust Co. of Vermont grew its position in Kraft Heinz by 3.6% during the third quarter. Trust Co. of Vermont now owns 10,388 shares of the company's stock valued at $365,000 after buying an additional 358 shares during the period. Winch Advisory Services LLC increased its holdings in Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock valued at $70,000 after buying an additional 380 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its position in Kraft Heinz by 4.2% in the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company's stock worth $336,000 after acquiring an additional 381 shares during the period. 78.17% of the stock is currently owned by institutional investors.

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.