UBS Group Issues Positive Forecast for Kraft Heinz (NASDAQ:KHC) Stock Price

Key Points

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Kraft Heinz (NASDAQ:KHC - Get Free Report) had its target price raised by stock analysts at UBS Group from $29.00 to $30.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price target suggests a potential upside of 7.88% from the company's previous close.

Several other equities research analysts have also recently commented on KHC. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Wells Fargo & Company boosted their target price on shares of Kraft Heinz from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Mizuho set a $29.00 target price on Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research note on Friday, May 9th. Finally, Stifel Nicolaus cut their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $30.35.

Kraft Heinz Price Performance

Kraft Heinz stock traded down $0.68 during trading hours on Thursday, hitting $27.81. The stock had a trading volume of 4,459,064 shares, compared to its average volume of 12,408,690. The stock has a market capitalization of $32.91 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 3.34 and a beta of 0.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81. The stock's fifty day moving average is $26.82 and its two-hundred day moving average is $28.55. Kraft Heinz has a 1-year low of $25.44 and a 1-year high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results 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 return on equity of 7.37% and a net margin of 10.44%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same period in the previous year, the business earned $0.78 EPS. The business's quarterly revenue was down 1.9% on a year-over-year basis. As a group, analysts predict that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Insider Activity

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction 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 transaction, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. This represents a 38.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.35% of the company's stock.

Hedge Funds Weigh In On Kraft Heinz

A number of hedge funds have recently made changes to their positions in the business. Hara Capital LLC increased its stake in Kraft Heinz by 61.9% in the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock worth $52,000 after buying an additional 650 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Kraft Heinz by 45.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 85,122 shares of the company's stock worth $2,614,000 after purchasing an additional 26,641 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Kraft Heinz by 39.6% during the fourth quarter. Wellington Management Group LLP now owns 176,864 shares of the company's stock worth $5,431,000 after buying an additional 50,211 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Kraft Heinz by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock worth $604,644,000 after purchasing an additional 595,406 shares in the last quarter. Finally, Bryce Point Capital LLC purchased a new position in shares of Kraft Heinz in the fourth quarter worth about $818,000. Institutional investors own 78.17% of the company's stock.

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.

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