Kraft Heinz (NASDAQ:KHC) Hits New 12-Month Low - Time to Sell?

The Kraft Heinz Company (NASDAQ:KHC - Get Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as $25.91 and last traded at $26.10, with a volume of 1135858 shares. The stock had previously closed at $26.08.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KHC. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Morgan Stanley assumed coverage on shares of Kraft Heinz in a report on Monday, March 24th. They set an "underweight" rating and a $29.00 price target for the company. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Stifel Nicolaus reduced their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, Wall Street Zen raised Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Four analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $30.35.

Kraft Heinz Stock Down 1.8%

The stock has a 50-day moving average of $27.97 and a 200 day moving average of $29.39. 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 company has a market cap of $30.32 billion, a P/E ratio of 11.33, a PEG ratio of 3.39 and a beta of 0.27.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. Research analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

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

Hedge Funds Weigh In On Kraft Heinz

Large investors have recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in Kraft Heinz during the fourth quarter worth about $2,048,000. Versant Capital Management Inc boosted its holdings in shares of Kraft Heinz by 493.4% in the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock worth $376,000 after buying an additional 10,272 shares during the last quarter. Farther Finance Advisors LLC grew its position in Kraft Heinz by 58.3% during the first quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company's stock valued at $671,000 after buying an additional 8,144 shares during the period. Americana Partners LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $7,005,000. Finally, Van ECK Associates Corp raised its holdings in shares of Kraft Heinz by 2.2% in the 4th quarter. Van ECK Associates Corp now owns 125,388 shares of the company's stock worth $3,850,000 after purchasing an additional 2,727 shares during the period. 78.17% of the stock is currently 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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