Kraft Heinz (NASDAQ:KHC) Announces Quarterly Earnings Results

Kraft Heinz (NASDAQ:KHC - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.02, Zacks reports. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Kraft Heinz's revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. Kraft Heinz updated its FY 2025 guidance to 2.510-2.670 EPS.

Kraft Heinz Stock Up 0.5 %

NASDAQ KHC traded up $0.14 during trading hours on Friday, reaching $28.64. 8,672,936 shares of the company's stock traded hands, compared to its average volume of 9,127,358. Kraft Heinz has a 52-week low of $27.25 and a 52-week high of $36.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The firm has a 50-day simple moving average of $29.86 and a 200 day simple moving average of $30.67. The firm has a market cap of $33.90 billion, a PE ratio of 12.67, a PEG ratio of 3.39 and a beta of 0.30.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 5.59%. Kraft Heinz's payout ratio is 73.06%.

Analyst Ratings Changes

Several research analysts have commented on the company. Sanford C. Bernstein downgraded Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Evercore ISI reiterated an "in-line" rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Jefferies Financial Group lowered their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. Finally, Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $30.63.

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.