The Kraft Heinz Company (NASDAQ:KHC) Receives $30.65 Consensus PT from Brokerages

Shares of The Kraft Heinz Company (NASDAQ:KHC - Get Free Report) have earned an average recommendation of "Reduce" from the eighteen analysts that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $30.53.

A number of brokerages have issued reports on KHC. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research note on Friday, May 9th. Morgan Stanley began coverage on Kraft Heinz in a research note on Monday, March 24th. They set an "underweight" rating and a $29.00 price objective for the company. Piper Sandler lowered their price objective on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Wall Street Zen upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, Wells Fargo & Company lowered their price objective on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th.

Institutional Trading of Kraft Heinz

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Kraft Heinz by 12.7% during the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock valued at $3,103,277,000 after acquiring an additional 11,472,071 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kraft Heinz by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock valued at $604,644,000 after purchasing an additional 595,406 shares during the period. Norges Bank bought a new stake in Kraft Heinz during the fourth quarter valued at about $324,857,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Kraft Heinz by 22.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company's stock valued at $318,933,000 after purchasing an additional 1,895,722 shares during the period. Finally, Northern Trust Corp grew its holdings in Kraft Heinz by 12.6% during the fourth quarter. Northern Trust Corp now owns 9,289,691 shares of the company's stock valued at $285,286,000 after purchasing an additional 1,039,885 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Up 1.8%

Shares of KHC stock traded up $0.48 during trading hours on Friday, reaching $27.02. The company's stock had a trading volume of 12,537,172 shares, compared to its average volume of 9,433,207. The stock has a market capitalization of $31.98 billion, a P/E ratio of 11.96, a P/E/G ratio of 3.39 and a beta of 0.30. Kraft Heinz has a one year low of $26.01 and a one year high of $36.53. The firm's fifty day simple moving average is $28.66 and its 200 day simple moving average is $29.80. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 5.92%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is presently 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.