Kraft Heinz (NASDAQ:KHC) Share Price Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• Kraft Heinz shares slipped below their 50-day moving average, trading as low as $24.06 versus the $24.12 average, and were recently down 2.6%.
• Analyst sentiment is cautious: the stock carries an average “Reduce” rating, with 11 Holds and five Sells, and an average price target of $23.81.
• The company reported quarterly EPS of $0.56, beating estimates, but revenue declined 1.4% year over year. Kraft Heinz also maintains a quarterly dividend of $0.40, equivalent to a 6.6% annualized yield.

Kraft Heinz Company (NASDAQ:KHC - Get Free Report)'s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $24.12 and traded as low as $24.06. Kraft Heinz shares last traded at $24.0760, with a volume of 9,835,050 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently commented on KHC. TD Cowen reiterated a "hold" rating and set a $22.00 price target on shares of Kraft Heinz in a report on Tuesday, September 22nd. Evercore set a $24.00 price objective on shares of Kraft Heinz in a research note on Thursday, August 6th. Jefferies Financial Group restated a "hold" rating and issued a $21.00 price objective on shares of Kraft Heinz in a report on Wednesday, October 14th. UBS Group reaffirmed a "neutral" rating on shares of Kraft Heinz in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $32.00 target price on shares of Kraft Heinz in a report on Thursday, September 24th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $23.81.

Kraft Heinz Trading Down 2.6%

The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average of $24.12 and a 200 day moving average of $23.88. The company has a market cap of $28.55 billion, a P/E ratio of -8.42, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the company posted $0.69 EPS. The firm's revenue was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, analysts predict that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Friday, September 4th. Kraft Heinz's dividend payout ratio is -55.94%.

Institutional Trading of Kraft Heinz

Large investors have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC purchased a new position in Kraft Heinz in the first quarter valued at about $27,000. Hara Capital LLC purchased a new stake in shares of Kraft Heinz during the 2nd quarter worth approximately $29,000. Fiduciary Financial Advisors purchased a new stake in shares of Kraft Heinz during the 2nd quarter worth approximately $33,000. Reyes Financial Architecture Inc. raised its holdings in shares of Kraft Heinz by 5,820.8% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,421 shares of the company's stock worth $32,000 after purchasing an additional 1,397 shares during the period. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Kraft Heinz in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

About Kraft Heinz

The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company's brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.

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