Kraft Heinz Company (NASDAQ:KHC) Given Average Rating of "Reduce" by Brokerages

Kraft Heinz Company (NASDAQ:KHC - Get Free Report) has earned an average recommendation of "Reduce" from the twenty analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $23.0625.

KHC has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a research report on Thursday. BNP Paribas Exane dropped their price target on shares of Kraft Heinz from $18.00 to $17.00 in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Kraft Heinz from $22.00 to $21.00 and set an "underweight" rating for the company in a research report on Wednesday, March 25th. UBS Group upped their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Mizuho dropped their price target on shares of Kraft Heinz from $27.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, February 23rd.

Trending Headlines about Kraft Heinz

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Kraft Heinz reported better-than-expected Q1 sales and analysts have been raising attention around the improving turnaround story, suggesting early traction in its core brands. Article Title
• Positive Sentiment: The company is boosting marketing spending, launching new products like upgraded Kraft Mac & Cheese and Ore-Ida Tater Tots, and signing a five-year NFL sponsorship deal, all of which could help brand visibility and sales. Article Title
• Positive Sentiment: Kraft Heinz launched a $1.1 billion debt tender offer, a move that may improve balance-sheet flexibility and support the company’s broader restructuring efforts. Article Title
• Neutral Sentiment: Management is talking more openly about inflation pressure and lower-income consumers running out of room on spending, which explains why Kraft Heinz is leaning hard into value pricing. Article Title
• Negative Sentiment: BNP Paribas Exane lowered its price target on Kraft Heinz, which could temper enthusiasm despite the recent operational improvements. Article Title

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the company's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the transaction, the insider owned 202,454 shares in the company, valued at approximately $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company's stock.

Hedge Funds Weigh In On Kraft Heinz

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC bought a new position in shares of Kraft Heinz during the first quarter worth $27,000. Jessup Wealth Management Inc bought a new position in shares of Kraft Heinz during the fourth quarter worth $27,000. Reflection Asset Management bought a new position in shares of Kraft Heinz during the fourth quarter worth $28,000. Key Capital Management INC bought a new position in shares of Kraft Heinz during the fourth quarter worth $29,000. Finally, DV Equities LLC bought a new position in shares of Kraft Heinz during the fourth quarter worth $29,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $23.93 on Friday. The firm has a 50 day moving average of $22.78 and a 200 day moving average of $23.82. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $28.37 billion, a price-to-earnings ratio of -4.92 and a beta of 0.06. Kraft Heinz has a 12-month low of $21.03 and a 12-month high of $29.19.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company's revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, research analysts anticipate that Kraft Heinz will post 2.05 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Friday, June 5th. Kraft Heinz's dividend payout ratio is presently -32.92%.

Kraft Heinz Company Profile

The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.

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