Kraft Heinz (NASDAQ:KHC) Given Sell (D) Rating at Weiss Ratings

Key Points

• Kraft Heinz's stock has been reaffirmed with a "sell (D)" rating by Weiss Ratings, amidst mixed evaluations from other firms.
• Despite reporting a quarterly earnings per share (EPS) of $0.69, exceeding estimates, Kraft Heinz saw a revenue decline of 1.9% year-over-year.
• Institutional investors currently own 78.17% of Kraft Heinz's stock, indicating strong confidence from hedge funds and asset management firms.

Kraft Heinz (NASDAQ:KHC - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

KHC has been the topic of several other reports. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. began coverage on Kraft Heinz in a research report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 target price on the stock. Morgan Stanley set a $29.00 target price on Kraft Heinz and gave the stock an "equal weight" rating in a research report on Wednesday, September 3rd. DZ Bank raised Kraft Heinz from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Finally, The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $29.71.

Kraft Heinz Trading Down 1.3%

NASDAQ:KHC opened at $25.08 on Wednesday. The business's 50-day moving average is $26.83 and its two-hundred day moving average is $27.49. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. Kraft Heinz has a 12 month low of $24.95 and a 12 month high of $36.31. The firm has a market capitalization of $29.68 billion, a PE ratio of -5.59, a price-to-earnings-growth ratio of 2.97 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same period last year, the company posted $0.78 earnings per share. The firm's revenue was down 1.9% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Research analysts predict that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Elio Leoni Sceti sold 25,000 shares of the business'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. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Kraft Heinz

Several hedge funds and other institutional investors have recently bought and sold shares of KHC. Hedges Asset Management LLC boosted its stake in Kraft Heinz by 10.4% in the third quarter. Hedges Asset Management LLC now owns 52,925 shares of the company's stock valued at $1,378,000 after acquiring an additional 5,000 shares during the period. Wedmont Private Capital boosted its stake 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 acquiring an additional 584 shares during the period. Czech National Bank boosted its stake in Kraft Heinz by 2.5% in the third quarter. Czech National Bank now owns 216,439 shares of the company's stock valued at $5,636,000 after acquiring an additional 5,251 shares during the period. Oak Thistle LLC acquired a new position in Kraft Heinz in the third quarter valued at approximately $2,867,000. Finally, Aaron Wealth Advisors LLC acquired a new position in Kraft Heinz in the third quarter valued at approximately $452,000. 78.17% of the stock is owned by institutional investors.

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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