Stifel Nicolaus Issues Pessimistic Forecast for Kraft Heinz (NASDAQ:KHC) Stock Price

Key Points

• Stifel Nicolaus has reduced its price target for Kraft Heinz from $30.00 to $28.00, maintaining a "hold" rating, which suggests a potential upside of 7.61% from the current stock price.
• Kraft Heinz recently reported earnings of $0.69 per share, exceeding analysts' expectations of $0.64, despite a 1.9% decline in year-over-year revenue.
• Institutional investors currently hold 78.17% of Kraft Heinz's stock, indicating strong institutional interest in the company despite mixed analyst ratings.

Kraft Heinz (NASDAQ:KHC - Get Free Report) had its price target cut by analysts at Stifel Nicolaus from $30.00 to $28.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 7.61% from the stock's current price.

KHC has been the subject of several other reports. JPMorgan Chase & Co. assumed coverage on Kraft Heinz in a report on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 target price for the company. Mizuho set a $29.00 price objective on Kraft Heinz and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. UBS Group raised their target price on Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Morgan Stanley set a $29.00 price objective on Kraft Heinz and gave the company an "underweight" rating in a report on Wednesday. Finally, DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research report on Friday, May 9th. Sixteen analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Kraft Heinz currently has a consensus rating of "Reduce" and a consensus price target of $29.88.

Kraft Heinz Trading Down 7.0%

Shares of NASDAQ:KHC opened at $26.02 on Wednesday. Kraft Heinz has a 52-week low of $25.44 and a 52-week high of $36.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. The stock has a market capitalization of $30.80 billion, a price-to-earnings ratio of -5.80, a PEG ratio of 3.26 and a beta of 0.23. The stock's 50-day simple moving average is $27.38 and its two-hundred day simple moving average is $28.26.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.26 billion. During the same period in the previous year, the firm earned $0.78 EPS. The business's quarterly revenue was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Analysts expect that Kraft Heinz will post 2.68 EPS for the current year.

Insider Transactions at Kraft Heinz

In other Kraft Heinz 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 transaction of $697,750.00. Following the transaction, the director owned 40,000 shares in the company, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.35% of the company's stock.

Institutional Investors Weigh In On Kraft Heinz

A number of institutional investors have recently added to or reduced their stakes in KHC. Versant Capital Management Inc lifted its holdings in shares of Kraft Heinz by 493.4% in the first quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock valued at $376,000 after purchasing an additional 10,272 shares in the last quarter. D.A. Davidson & CO. increased its position in Kraft Heinz by 7.8% during the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock worth $2,746,000 after buying an additional 6,551 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Kraft Heinz by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company's stock valued at $248,665,000 after purchasing an additional 103,548 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Kraft Heinz by 28.1% in the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company's stock valued at $481,000 after purchasing an additional 3,468 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Kraft Heinz by 58.3% in 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. 78.17% of the stock is currently owned by institutional investors and hedge funds.

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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