Kraft Heinz (NASDAQ:KHC) Hits New 1-Year Low - Time to Sell?

Kraft Heinz Company (NASDAQ:KHC - Get Free Report) shares hit a new 52-week low on Friday . The stock traded as low as $25.45 and last traded at $25.64, with a volume of 15177492 shares. The stock had previously closed at $25.79.

Analysts Set New Price Targets

KHC has been the subject of several recent research reports. Mizuho set a $29.00 price target on Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Citigroup reaffirmed a "sell" rating and set a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Sanford C. Bernstein cut Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. Wall Street Zen raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research note on Friday, May 9th. Three investment analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $30.47.

Kraft Heinz Stock Down 0.7%

The firm's 50-day moving average price is $27.38 and its 200-day moving average price is $29.07. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81. The company has a market cap of $30.31 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 3.01 and a beta of 0.27.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period last year, the firm earned $0.69 earnings per share. The company's revenue was down 6.4% on a year-over-year basis. Sell-side analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio is presently 73.06%.

Institutional Trading of Kraft Heinz

Several hedge funds have recently made changes to their positions in the stock. Generali Investments Management Co LLC acquired a new position in Kraft Heinz during the 4th quarter valued at about $26,000. Mountain Hill Investment Partners Corp. acquired a new stake in Kraft Heinz in the 4th quarter valued at approximately $29,000. Rossby Financial LCC bought a new stake in Kraft Heinz during the 1st quarter valued at $29,000. Wayfinding Financial LLC bought a new stake in Kraft Heinz during the 1st quarter valued at $33,000. Finally, Investment Management Corp VA ADV grew its stake in shares of Kraft Heinz by 141.7% in the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock worth $35,000 after purchasing an additional 669 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.