Kraft Heinz (NASDAQ:KHC) Given New $27.00 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft reduced Kraft Heinz's price target from $28.00 to $27.00 while maintaining a "hold" rating, indicating a potential upside of 8.25% from the current stock price.
• Despite the downgrade from Deutsche Bank, other analysts are mixed, with Goldman Sachs upgrading the stock from "sell" to "neutral" and also raising their price target to $27.00.
• Kraft Heinz's stock opened at $24.94, showing a range between a fifty-two week low of $24.85 and a high of $36.31, with a current market capitalization of $29.52 billion.

Kraft Heinz (NASDAQ:KHC - Get Free Report) had its price target reduced by research analysts at Deutsche Bank Aktiengesellschaft from $28.00 to $27.00 in a research report issued on Monday,MarketScreener reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 8.25% from the company's current price.

A number of other equities research analysts have also recently commented on KHC. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their target price for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research report on Wednesday, September 3rd. Weiss Ratings reiterated a "sell (d)" rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 3rd. Finally, Morgan Stanley set a $29.00 price objective on shares of Kraft Heinz and gave the company an "equal weight" rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $29.06.

Kraft Heinz Price Performance

Shares of KHC opened at $24.94 on Monday. Kraft Heinz has a fifty-two week low of $24.85 and a fifty-two week high of $36.31. The company has a 50 day moving average price of $26.74 and a 200-day moving average price of $27.40. The stock has a market capitalization of $29.52 billion, a PE ratio of -5.59, a PEG ratio of 2.94 and a beta of 0.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07.

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

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the transaction, the director directly owned 40,000 shares in the company, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.35% of the company's stock.

Institutional Trading of Kraft Heinz

A number of large investors have recently made changes to their positions in the company. Flputnam Investment Management Co. raised its holdings in shares of Kraft Heinz by 75.0% in the third quarter. Flputnam Investment Management Co. now owns 57,062 shares of the company's stock valued at $1,486,000 after buying an additional 24,464 shares during the last quarter. KMG Fiduciary Partners LLC increased its stake in Kraft Heinz by 4.5% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 69,834 shares of the company's stock valued at $1,818,000 after purchasing an additional 3,002 shares in the last quarter. Independence Bank of Kentucky raised its holdings in 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 last quarter. Hedges Asset Management LLC boosted its position in Kraft Heinz by 10.4% during the third quarter. Hedges Asset Management LLC now owns 52,925 shares of the company's stock worth $1,378,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Wedmont Private Capital grew its holdings in Kraft Heinz by 5.7% in the third quarter. Wedmont Private Capital now owns 10,753 shares of the company's stock valued at $273,000 after purchasing an additional 584 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

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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