Shares of Kraft Heinz Company (NASDAQ:KHC - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $25.25 and last traded at $25.28, with a volume of 9025641 shares. The stock had previously closed at $26.06.
Analyst Ratings Changes
A number of analysts recently issued reports on KHC shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Kraft Heinz in a report on Saturday, September 27th. UBS Group set a $28.00 target price on Kraft Heinz and gave the company a "neutral" rating in a research note on Thursday, September 4th. Morgan Stanley set a $29.00 price target on Kraft Heinz and gave the stock an "equal weight" rating in a research report on Wednesday, September 3rd. Stifel Nicolaus lowered 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. Finally, JPMorgan Chase & Co. assumed coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of "Reduce" and an average price target of $29.76.
Read Our Latest Research Report on Kraft Heinz
Kraft Heinz Stock Performance
The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The stock has a market capitalization of $29.91 billion, a P/E ratio of -5.63, a price-to-earnings-growth ratio of 3.04 and a beta of 0.16. The company has a fifty day moving average of $26.96 and a two-hundred day moving average of $27.52.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. Kraft Heinz's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, equities analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current year.
Kraft Heinz Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.3%. The ex-dividend date was Friday, August 29th. Kraft Heinz's dividend payout ratio (DPR) is currently -35.63%.
Insider Transactions at Kraft Heinz
In other news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction that occurred on Friday, July 18th. The shares were 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 approximately $1,116,400. This represents a 38.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company's stock.
Institutional Investors Weigh In On Kraft Heinz
Several hedge funds have recently modified their holdings of KHC. Klingenstein Fields & Co. LP lifted its stake in Kraft Heinz by 4.6% during the first quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company's stock valued at $239,000 after buying an additional 344 shares in the last quarter. STF Management LP raised its holdings in shares of Kraft Heinz by 2.1% during the second quarter. STF Management LP now owns 18,475 shares of the company's stock valued at $477,000 after acquiring an additional 374 shares during the period. Meeder Advisory Services Inc. lifted its position in shares of Kraft Heinz by 2.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company's stock valued at $459,000 after acquiring an additional 393 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in Kraft Heinz by 1.6% in the 1st quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company's stock worth $779,000 after purchasing an additional 397 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in Kraft Heinz by 0.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company's stock worth $2,101,000 after purchasing an additional 397 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.
About Kraft Heinz
(
Get Free Report)
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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