Brokerages Set The Kraft Heinz Company (NASDAQ:KHC) Target Price at $30.65

Shares of The Kraft Heinz Company (NASDAQ:KHC - Get Free Report) have been assigned an average rating of "Reduce" from the eighteen research firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $30.65.

KHC has been the subject of several research reports. Piper Sandler reduced their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group dropped their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research report on Thursday, February 13th. Wall Street Zen raised Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Mizuho cut Kraft Heinz from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Finally, Morgan Stanley began coverage on shares of Kraft Heinz in a report on Monday, March 24th. They issued an "underweight" rating and a $29.00 target price on the stock.

Institutional Trading of Kraft Heinz

Institutional investors and hedge funds have recently modified their holdings of the stock. Generali Investments Management Co LLC purchased a new stake in Kraft Heinz during the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $29,000. Rossby Financial LCC purchased a new position in shares of Kraft Heinz in the first quarter valued at approximately $29,000. Wayfinding Financial LLC purchased a new position in shares of Kraft Heinz in the first quarter worth about $33,000. Finally, R Squared Ltd purchased a new stake in Kraft Heinz in the 4th quarter valued at $34,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Kraft Heinz stock traded up $0.53 during trading hours on Friday, hitting $26.83. The stock had a trading volume of 11,195,716 shares, compared to its average volume of 9,409,144. The stock has a market capitalization of $31.75 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 3.39 and a beta of 0.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. Kraft Heinz has a 1-year low of $26.01 and a 1-year high of $36.53. The stock's fifty day moving average is $28.82 and its two-hundred day moving average is $29.88.

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

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is 73.06%.

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.