Should I buy or sell Kraft Heinz stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kraft Heinz in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" KHC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KHC, but not buy additional shares or sell existing shares. View KHC analyst ratings or view top-rated stocks .

What is Kraft Heinz's stock price target for 2024?

12 brokerages have issued 12 month price targets for Kraft Heinz's stock. Their KHC share price targets range from $35.00 to $48.00. On average, they predict the company's stock price to reach $40.50 in the next year. This suggests a possible upside of 11.8% from the stock's current price. View analysts price targets for KHC or view top-rated stocks among Wall Street analysts .

How have KHC shares performed in 2023?

Kraft Heinz's stock was trading at $40.71 at the start of the year. Since then, KHC shares have decreased by 11.0% and is now trading at $36.23. View the best growth stocks for 2023 here .

When is Kraft Heinz's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024. View our KHC earnings forecast .

How were Kraft Heinz's earnings last quarter?

The Kraft Heinz Company (NASDAQ:KHC) issued its earnings results on Wednesday, November, 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.06. The company had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.70 billion. Kraft Heinz had a net margin of 11.00% and a trailing twelve-month return on equity of 7.63%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. Read the conference call transcript .

How often does Kraft Heinz pay dividends? What is the dividend yield for Kraft Heinz?

Kraft Heinz announced a quarterly dividend on Wednesday, November 1st. Stockholders of record on Friday, December 1st will be paid a dividend of $0.40 per share on Friday, December 29th. This represents a $1.60 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Thursday, November 30th. Read our dividend analysis for KHC .

Is Kraft Heinz a good dividend stock?

Kraft Heinz (NASDAQ:KHC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 4.38%. KHC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 66.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KHC will have a dividend payout ratio of 53.16% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for KHC .

What ETFs hold Kraft Heinz's stock?

ETFs with the largest weight of Kraft Heinz (NASDAQ:KHC) stock in their portfolio include Optimize AI Smart Sentiment Event-Driven ETF (OAIE) , Invesco Food & Beverage ETF (PBJ) , Invesco S&P Ultra Dividend Revenue ETF (RDIV) , First Trust Nasdaq Food & Beverage ETF (FTXG) , Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL) , First Trust Consumer Staples AlphaDEX Fund (FXG) , WBI Power Factor High Dividend ETF (WBIY) and Morgan Dempsey Large Cap Value ETF (MDLV) .

What guidance has Kraft Heinz issued on next quarter's earnings?

Kraft Heinz updated its FY23 earnings guidance on Wednesday, November, 1st. The company provided EPS guidance of $2.91-2.99 for the period, compared to the consensus estimate of $2.89.

What is Miguel Patricio's approval rating as Kraft Heinz's CEO?

95 employees have rated Kraft Heinz Chief Executive Officer Miguel Patricio on Glassdoor.com . Miguel Patricio has an approval rating of 80% among the company's employees.

What other stocks do shareholders of Kraft Heinz own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kraft Heinz investors own include AT&T (T) , Johnson & Johnson (JNJ) , Intel (INTC) , Pfizer (PFE) , Verizon Communications (VZ) , Exxon Mobil (XOM) , Bank of America (BAC) , AbbVie (ABBV) , General Electric (GE) and Cisco Systems (CSCO) .

Who are Kraft Heinz's major shareholders?

Kraft Heinz's stock is owned by a number of retail and institutional investors. Top institutional investors include Invesco Ltd. (2.01%), Morgan Stanley (1.03%), Bank of New York Mellon Corp (0.75%), LSV Asset Management (0.75%), Northern Trust Corp (0.74%) and Legal & General Group Plc (0.57%). Insiders that own company stock include Bruno Keller , Flavio Torres, Global Food Holdings Lp 3G, John T Cahill , Lande Rashida La , Marcos Eloi Lima , Melissa Werneck , Miguel Patricio and Vince Garlati . View institutional ownership trends .

How do I buy shares of Kraft Heinz?

Shares of KHC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does Kraft Heinz have any subsidiaries?

The following companies are subsidiares of Kraft Heinz: Alimentos Heinz C.A., Alimentos Heinz de Costa Rica S.A., Asian Home Gourmet Pte. Ltd, Asian Restaurants Limited, Battery Properties Inc., Boca Foods Company, Cadbury, Cairo Food Industries S.A.E., Capri Sun Inc., Carlton Bridge Limited, Cerebos Australia Ltd., Cerebos Gregg’s Ltd., Cerebos Skellerop Ltd., Churny Company Inc., Claussen Pickle Co., Comercializadora Heinz Panama SCA, Country Ford Development Limited, Delimex de Mexico S.A. de C.V., Delta Incorporated Limited, Devour Foods LLC, Distribuidora Heinz Caracas C.A., Distribuidora Heinz Maracaibo C.A., Ethical Bean Coffee Company Limited, Ethical Bean LLC, Fall Ridge Partners LLP, Foodstar (China) Investments Company Limited, Foodstar (Shanghai) Foods Co. Ltd., Foodstar Holdings Pte. Ltd., Fruitlove LLC, Fundacion Heinz, Garland BBQ Company, Gevalia Kaffe LLC, Golden Circle Limited, H. J. Heinz Belgium S.A., H. J. Heinz Company Brands LLC, H.J. Heinz Asset Leasing Limited, H.J. Heinz B.V., H.J. Heinz Company (Ireland) Limited, H.J. Heinz Company (New Zealand) Limited, H.J. Heinz Company Australia Limited, H.J. Heinz Company Limited, H.J. Heinz Distribution SAS, H.J. Heinz European Holding B.V., H.J. Heinz Finance UK PLC, H.J. Heinz Foods Spain S.L.U., H.J. Heinz Foods UK Limited, H.J. Heinz France SAS, H.J. Heinz Frozen & Chilled Foods Limited, H.J. Heinz Global Holding B.V., H.J. Heinz Global Holding LLC, H.J. Heinz GmbH, H.J. Heinz Group B.V., H.J. Heinz Holding B.V., H.J. Heinz Investments Coöperatief U.A., H.J. Heinz Ireland Holdings, H.J. Heinz Manufacturing Ireland Limited, H.J. Heinz Manufacturing Spain S.L.U., H.J. Heinz Manufacturing UK Limited, H.J. Heinz Nederland B.V., H.J. Heinz Nigeria Limited, H.J. Heinz Polska Sp. z o.o., H.J. Heinz Supply Chain Europe B.V., H.J. Heinz US Brands LLC, HJH Development Corporation, HJH Overseas LLC, HP Foods Holdings Limited, HP Foods International Limited, HP Foods Limited, HZ.I.L. Ltd., Heinz (China) Investment Company Limited, Heinz (China) Sauces & Condiments Co. Ltd., Heinz Africa FZE, Heinz Africa and Middle East FZE, Heinz Asean Pte. Ltd., Heinz Brasil S.A., Heinz Colombia SAS, Heinz Credit LLC, Heinz Egypt LLC, Heinz Egypt Trading LLC, Heinz Europe Unlimited, Heinz Finance (Luxembourg) S.à r.l, Heinz Foreign Investment Company, Heinz Frozen & Chilled Foods B.V., Heinz Gida Anonim Sirketi, Heinz Hong Kong Ltd., Heinz Investments (Cyprus) Ltd., Heinz Israel Ltd., Heinz Italia S.p.A., Heinz Japan Ltd., Heinz Korea Ltd., Heinz Mexico S.A. de C.V., Heinz Nutrition Foundation India, Heinz Pakistan (Pvt.) Limited, Heinz Panama S.A., Heinz Purchasing Company, Heinz Qingdao Food Co. Ltd., Heinz Shanghai Enterprise Services Co. Ltd., Heinz Single Service Limited, Heinz South Africa (Pty.) Ltd., Heinz Thailand Limited, Heinz Transatlantic Holding LLC, Heinz UFE Ltd., Heinz Vietnam Company Limited, Heinz Wattie's Limited, Heinz Wattie's Pty Limited, Heinz Wattie’s Japan YK, Heinz-Noble Inc., Helco Services Limited, Highview Atlantic Finance (Barbados) SRL, Horizon FZCO, Horizon UAE FZCO, Hugo Canning Co. Pty Ltd., Industria Procesadora de Alimentos de Barcelona C.A., International Gourmet Specialties LLC, International Spirits Recipes LLC, Istituto Scotti Bassani per la Ricerca e l'Informazione Scientifica e Nutrizionale, Jacobs Road Limited, KFG Management Services LLC, KH Caribbean SRL, KH Foodstar LLC, KH Gustav LLC, KH Investment Company LLC, KHFC Luxembourg Holdings S.à r.l, Kaiping Guanghe Fermented Bean Curd Co. Ltd., Kaiping Jiashili Dried Fruit and Nuts Co. Ltd., Kaiping Weishida Seasonings Co. Ltd., Koninklijke De Ruijter B.V., Kraft Foods Group Brands LLC, Kraft Foods Group Exports LLC, Kraft Foods Group Netherlands Holding B.V., Kraft Foods Group Puerto Rico LLC, Kraft Heinz (Barbados) SRL, Kraft Heinz (Ireland) Ltd, Kraft Heinz Amsterdam B.V., Kraft Heinz Argentina S.R.L., Kraft Heinz Australia Pty Limited, Kraft Heinz Brasil Comercio Distribuicao E Importacao Ltda., Kraft Heinz Canada ULC, Kraft Heinz Chile Limitada, Kraft Heinz Foods Company, Kraft Heinz Foods Company LP, Kraft Heinz Foods Luxembourg Holdings S.à r.l, Kraft Heinz Global Finance B.V., Kraft Heinz Holding LLC, Kraft Heinz India Private Limited, Kraft Heinz Ingredients Corp., Kraft Heinz Intermediate Corporation I, Kraft Heinz Intermediate Corporation II, Kraft Heinz International B.V., Kraft Heinz Investment Company LLC, Kraft Heinz NoMa B.V., Kraft Heinz Puerto Rico LLC, Kraft Heinz Sewickley C.V., Kraft Heinz Singapore Holding Pte. Ltd., Kraft Heinz UK Limited, Kraft Heinz Yangjiang Foods Co. Ltd., Kraft New Services LLC, LLC Heinz-Georgievsk, LLC Ivanovsky Kombinat Detskogo Pitaniya, La Bonne Cuisine Limited, Langtech Citrus Pty. Limited, Lea & Perrins LLC, Lea & Perrins Limited, MILKSUN spol. s.r.o., Master Chef Limited, Mealtime Stories LLC, Nanjing Jilun Seasoning Products Pte. Ltd., Nature's Delicious Foods Group LLC, Noble Insurance Company Limited, O.R.A. LLC, P.T. Heinz ABC Indonesia, PPK Ltd., Petroproduct-Otradnoye Limited, Phenix Management Corporation, Pollio Italian Cheese Company, Primal Kitchen, Primal Nutrition LLC, Pro-Share Limited, Pudliszki Sp. z o.o., RINC Ltd., Renee's Gourmet Foods Inc., Salpak Pty Ltd., Seven Seas Foods Inc., Sewickley LLC, TNCOR Ltd., The Bold Butcher LLC, The Kraft Heinz Company Foundation, The Yuban Coffee Company, Thompson & Hills Ltd., Top Taste Company Limited, Tsai Weng Ping Incorporated Limited, WW Foods LLC, Weishida (Nanjing) Foods Co. Ltd., Wellio Inc., Wexford LLC, XO Dairy LLC, evolv group llc, evolv venture capital fund LP, and evolv ventures llc. Read More

Kraft Heinz (KHC) Stock Price, News & Analysis

$36.23

-0.27 (-0.74%)

(As of 12/8/2023 08:57 PM ET)

Compare

Today's Range: $36.08
▼
$36.54
50-Day Range: $30.81
▼
$36.50
52-Week Range: $30.68
▼
$42.80

Volume: 6.11 million shs
Average Volume: 7.40 million shs
Market Capitalization: $44.44 billion

P/E Ratio: 14.97
Dividend Yield: 4.42%
Price Target: $40.50

Kraft Heinz MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 11.8% Upside
$40.50 Price Target
Short Interest: Healthy
1.78% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.44
Upright™ Environmental Score
News Sentiment: 1.11
Based on 14 Articles This Week
Insider Trading: Selling Shares
$463,330 Sold Last Quarter
Proj. Earnings Growth: 1.69%
From $2.96 to $3.01 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.96 out of 5 stars

Consumer Staples Sector

9th out of 122 stocks

Canned, Frozen, & Preserved Fruits, Vegetables, & Food Special Industry

1st out of 4 stocks

3.1

Analyst's Opinion

Consensus Rating
Kraft Heinz has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 4 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $40.50, Kraft Heinz has a forecasted upside of 11.8% from its current price of $36.23.
Amount of Analyst Coverage
Kraft Heinz has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.78% of the float of Kraft Heinz has been sold short.
Short Interest Ratio / Days to Cover
Kraft Heinz has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Kraft Heinz has recently decreased by 3.56%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Kraft Heinz is a leading dividend payer. It pays a dividend yield of 4.38%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Kraft Heinz does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Kraft Heinz is 66.12%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Kraft Heinz will have a dividend payout ratio of 53.16% next year. This indicates that Kraft Heinz will be able to sustain or increase its dividend.

2.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Kraft Heinz has received a -0.78% net impact score from Upright. The largest negative impact of Kraft Heinz in category "Physical diseases" seems to be driven mostly by its "Cheese", "Mozzarella sticks", "Sheep milk cheese", "Goat cheese", "Beef jerky", and "Hot dogs" products. See details.
Environmental Sustainability
The Environmental Impact score for Kraft Heinz is -2.44.

3.4

News and Social Media Coverage

News Sentiment
Kraft Heinz has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Kraft Heinz this week, compared to 12 articles on an average week.
Search Interest
Only 57 people have searched for KHC on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.
MarketBeat Follows
37 people have added Kraft Heinz to their MarketBeat watchlist in the last 30 days. This is an increase of 76% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Kraft Heinz insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $463,330.00 in company stock.
Percentage Held by Insiders
Only 0.32% of the stock of Kraft Heinz is held by insiders.
Percentage Held by Institutions
75.39% of the stock of Kraft Heinz is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Kraft Heinz are expected to grow by 1.69% in the coming year, from $2.96 to $3.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Kraft Heinz is 14.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of Kraft Heinz is 14.97, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 23.37.
Price to Earnings Growth Ratio
Kraft Heinz has a PEG Ratio of 2.66. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Kraft Heinz has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Kraft Heinz Stock (NASDAQ:KHC)

Kraft Heinz Co. is a global food and beverage company that manufactures and markets various household brands, including Kraft, Heinz, Oscar Mayer, and Planters. The company is headquartered in Chicago, Illinois, and operates in over 40 countries. Kraft Heinz Co. is a consumer staples stock because it sells necessary items regardless of the economic landscape. Kraft Heinz Co. is a defensive stock because it typically provides a steadier dividend and a consistent share price.

Kraft Heinz has a long-standing history of producing food products that are high in quality and affordable in price. Their portfolio includes a wide range of products such as condiments, cheese, meals and snacks. Some of the most popular products in their portfolio include Kraft Macaroni and Cheese, Heinz Ketchup, Oscar Mayer Hot Dogs and Planters Peanuts.

In 2015, Kraft Foods Group and H.J. Heinz Company merged to form Kraft Heinz. The merger brought together two of the world's most iconic food brands. In 2017 the company acquired Big Food Group, a UK-based food company that produces a range of products, including sauces, soups, and condiments. In 2018, Kraft Heinz acquired Primal Kitchen, which makes a range of organic and paleo-friendly food products, including dressings, marinades, and protein bars. In 2018, Kraft Heinz acquired the food and instant coffee business of Cerebos Australia, a subsidiary of Japan's Suntory Holdings. In October 2020, Kraft Heinz acquired Assan Foods, a Turkish-based company that produces a range of sauces, tomato paste, and other food products. In November 2020, Kraft Heinz acquired Primal Nutrition LLC, a collagen powder and bars maker, for an undisclosed sum.

Despite its strong brand recognition and wide range of products, Kraft Heinz has faced several challenges in recent years. One of the biggest challenges the company has faced is changing consumer preferences. Consumers are increasingly looking for healthier, organic, and natural food products, which has led to a decline in sales of some of Kraft Heinz's core products.

Kraft Heinz has focused on innovation and product development to address these challenges. The company has launched several new products recently, including its organic Capri Sun juices line and Planters Nut-rition line of snacks fortified with vitamins and minerals. The company has also focused on improving the quality of its existing products, such as removing artificial colors, flavors, and preservatives from its Macaroni and Cheese products.

In addition to product innovation, Kraft Heinz has also tried to improve its operational efficiency. In 2019, the company announced a plan to reduce its global workforce by 5%, or approximately 2,500 positions, to streamline its operations and reduce costs. The company also announced plans to invest in its supply chain and distribution networks to improve efficiency.

Investors in Kraft Heinz have seen mixed results in recent years. In 2020, the company's stock price declined by approximately 20% due to the COVID-19 pandemic, which impacted its supply chain and product demand. However, the company's stock price recovered in 2021, reporting solid earnings results and announcing plans to increase its dividend.

KHC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

KHC Stock News Headlines

December 8, 2023 | marketbeat.com

Kraft Heinz is a savory recipe for market success

Kraft Heinz's strategic maneuvers and financial resurgence fuel a stock surge, drawing investor attention amid market dynamics and analyst optimism.

December 6, 2023 | marketbeat.com

14 best consumer staples dividend stocks (KHC)

Consumer staples dividend stocks may have consistent growth and low volatility. Check out the best consumer staples dividend stocks on our list.

December 11, 2023 | DTI Trader (Ad)

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December 6, 2023 | marketbeat.com

What is the consumer staples sector? (KHC)

The consumer staples sector is a sector that contains products consumers use and which people cannot (or won’t) cut out of their budget. Learn more.

December 5, 2023 | marketbeat.com

Kraft Heinz watershed moment moves the needle for investors

Kraft Heinz had a watershed quarter in Q3 leading to a new share repurchase authorization; the big news in 2024 could be the 1st dividend increase in years.

November 29, 2023 | marketbeat.com

Kraft debuts dairy-free mac and cheese in the US

Kraft Heinz says it’s bringing dairy-free macaroni and cheese to the U.S. for the first time

November 24, 2023 | marketbeat.com

3 undervalued food stocks to be grateful for this holiday season (KHC)

With inflation subsiding and interest rates potentially soon to follow, 2024 could be a very strong year for value stocks.

December 9, 2023 | finance.yahoo.com

Returns On Capital Are Showing Encouraging Signs At Kraft Heinz (NASDAQ:KHC)

December 11, 2023 | Wealthpress (Ad)

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December 8, 2023 | msn.com

Kraft Heinz shares set to snap its six-day winning streak

December 7, 2023 | finance.yahoo.com

Captain to CEO: Campbell Soup leader leans on military lessons

December 6, 2023 | finance.yahoo.com

Kraft Heinz (KHC) Looks Attractive on Pricing & Transformation

December 5, 2023 | finance.yahoo.com

Are Investors Undervaluing Kraft Heinz Company (KHC) Right Now?

December 5, 2023 | finance.yahoo.com

Taco Bell at Home Answers Craving Calls from College Students on Taco Bell-less Campuses

December 1, 2023 | finance.yahoo.com

Why Is Kraft Heinz (KHC) Up 4.8% Since Last Earnings Report?

November 30, 2023 | finance.yahoo.com

Ranking the Best Companies for Career Growth

November 29, 2023 | markets.businessinsider.com

KRAFT NotMac&Cheese To Begin Rolling Out On Shelves Now Through Early 2024

November 29, 2023 | finance.yahoo.com

The Kraft Heinz Co's Dividend Analysis

November 29, 2023 | finance.yahoo.com

The Kraft Heinz Not Company Launches First-Ever, Plant-Based KRAFT Mac & Cheese

November 29, 2023 | cnn.com

Kraft’s newest Mac & Cheese is ditching cheese

November 28, 2023 | finance.yahoo.com

Kraft Heinz (KHC) Rewards Shareholders With Buyback Plan

November 28, 2023 | investing.com

Kraft Heinz launches $3 billion share buyback program

November 28, 2023 | msn.com

Kraft Heinz (NASDAQ:KHC) Gains on $3B Share Buyback Program

November 28, 2023 | benzinga.com

BetterInvesting™ Magazine Update on RTX Corp. and Kraft Heinz Co.

November 27, 2023 | finance.yahoo.com

Kraft Heinz authorizes $3B in share repurchase after ‘milestone’ quarter

November 27, 2023 | finance.yahoo.com

Kraft Heinz to buy back $3 billion of stock over 3 years

November 27, 2023 | benzinga.com

Kraft Heinz Board Authorizes Share Repurchase Program

See More Headlines

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Company Calendar

Ex-Dividend for 9/29 Dividend: 8/31/2023
Dividend Payable: 9/29/2023
Last Earnings: 11/01/2023
Ex-Dividend for 12/29 Dividend: 11/30/2023
Today: 12/11/2023
Dividend Payable: 12/29/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/21/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Canned, frozen, & preserved fruits, vegetables, & food special
Sub-Industry: N/A
Sector: Consumer Staples
Current Symbol: NASDAQ:KHC
CUSIP: N/A
CIK: 1637459
Web: www.kraftheinzcompany.com
Phone: (412) 456-5700
Fax: 847-646-2922
Employees: 37,000
Year Founded: 2015

Price Target and Rating

Average Stock Price Target: $40.50
High Stock Price Target: $48.00
Low Stock Price Target: $35.00
Potential Upside/Downside: +11.8%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.42
Trailing P/E Ratio: 14.97
Forward P/E Ratio: 12.24
P/E Growth: 2.66
Net Income: $2.36 billion
Net Margins: 11.00%
Pretax Margin: 13.75%
Return on Equity: 7.63%
Return on Assets: 4.16%

Debt

Debt-to-Equity Ratio: 0.39
Current Ratio: 1.00
Quick Ratio: 0.52

Sales & Book Value

Annual Sales: $26.49 billion
Price / Sales: 1.68
Cash Flow: $3.53 per share
Price / Cash Flow: 10.27
Book Value: $39.86 per share
Price / Book: 0.91

Miscellaneous

Outstanding Shares: 1,226,540,000
Free Float: 1,222,614,000
Market Cap: $44.44 billion
Optionable: Optionable
Beta: 0.73

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Key Executives

Mr. Miguel Patricio (Age 57)
Chair & CEO
Comp: $4.22M
Mr. Andre Maciel
Executive VP & Global CFO
Ms. Rashida K. La Lande (Age 49)
Executive VP, Global General Counsel and Chief Sustainability & Corporate Affairs Officer
Comp: $2.02M
Mr. Rafael de Oliveira (Age 48)
Executive VP & Zone President of International Markets
Comp: $2.64M
Mr. Carlos A. Abrams-Rivera (Age 55)
President of Kraft Heinz & President of the North America Zone
Comp: $3.01M
Mr. Vince Garlati (Age 46)
VP, Principal Accounting Officer & Global Controller
Ms. Anne-Marie Megela
VP & Global Head of Investor Relations
Ms. Kathy Krenger (Age 55)
Senior VP & Chief Communications Officer
Mr. Peter Hall
Vice President of Sales
Ms. Yang Xu (Age 44)
Senior VP & Global Head of Corporate Development

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Kraft Heinz Stock? KHC Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Kraft Heinz was last updated on Tuesday, November 28, 2023 at 9:33 AM.

Pros

Here are some ways that investors could benefit from investing in The Kraft Heinz Company:

The Kraft Heinz Company manufactures and markets a wide range of food and beverage products, including condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. This diverse product portfolio provides the company with multiple revenue streams and opportunities for growth.
The company has a strong presence in the United States, Canada, the United Kingdom, and internationally. This global reach allows The Kraft Heinz Company to tap into various markets and capitalize on different consumer preferences and trends.
The Kraft Heinz Company sells its products through various channels, including its own sales organizations, independent brokers, agents, distributors, and online platforms. This multi-channel distribution strategy helps the company reach a wide customer base and maximize its sales potential.
The company has a long history, dating back to 1869, and has established itself as a reputable and trusted brand in the food and beverage industry. This brand recognition and reputation can contribute to customer loyalty and drive sales.
The Kraft Heinz Company has a track record of innovation and product development. By continuously introducing new products and improving existing ones, the company can stay competitive in the market and meet changing consumer demands.

Cons

Investors should be bearish about investing in The Kraft Heinz Company for these reasons:

The company operates in a highly competitive industry, with numerous players offering similar food and beverage products. This competition can put pressure on pricing and margins, affecting the company's profitability.
The Kraft Heinz Company has faced challenges in recent years, including declining sales and a decrease in market share. These issues may indicate underlying problems within the company's business strategy or operations.
The company's financial performance has been inconsistent, with fluctuations in revenue and profitability. This volatility can make it difficult for investors to predict future earnings and assess the company's long-term financial stability.
The Kraft Heinz Company has a significant amount of debt, which can limit its financial flexibility and increase its risk profile. Investors should carefully consider the company's debt levels and its ability to manage and repay its obligations.
The stock price of The Kraft Heinz Company has experienced fluctuations in recent periods. Investors should closely monitor the stock price and consider factors such as market trends, industry dynamics, and company-specific developments before making investment decisions.

KHC Stock Analysis - Frequently Asked Questions

Should I buy or sell Kraft Heinz stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kraft Heinz in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" KHC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KHC, but not buy additional shares or sell existing shares.
View KHC analyst ratings or view top-rated stocks.
What is Kraft Heinz's stock price target for 2024?: 12 brokerages have issued 12 month price targets for Kraft Heinz's stock. Their KHC share price targets range from $35.00 to $48.00. On average, they predict the company's stock price to reach $40.50 in the next year. This suggests a possible upside of 11.8% from the stock's current price.
View analysts price targets for KHC or view top-rated stocks among Wall Street analysts.
How have KHC shares performed in 2023?: Kraft Heinz's stock was trading at $40.71 at the start of the year. Since then, KHC shares have decreased by 11.0% and is now trading at $36.23.
View the best growth stocks for 2023 here.
When is Kraft Heinz's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our KHC earnings forecast.
How were Kraft Heinz's earnings last quarter?: The Kraft Heinz Company (NASDAQ:KHC) issued its earnings results on Wednesday, November, 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.06. The company had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.70 billion. Kraft Heinz had a net margin of 11.00% and a trailing twelve-month return on equity of 7.63%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share.
Read the conference call transcript.
How often does Kraft Heinz pay dividends? What is the dividend yield for Kraft Heinz?: Kraft Heinz announced a quarterly dividend on Wednesday, November 1st. Stockholders of record on Friday, December 1st will be paid a dividend of $0.40 per share on Friday, December 29th. This represents a $1.60 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for KHC.
Is Kraft Heinz a good dividend stock?: Kraft Heinz (NASDAQ:KHC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 4.38%. KHC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 66.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KHC will have a dividend payout ratio of 53.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KHC.
What ETFs hold Kraft Heinz's stock?: ETFs with the largest weight of Kraft Heinz (NASDAQ:KHC) stock in their portfolio include Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Invesco Food & Beverage ETF (PBJ), Invesco S&P Ultra Dividend Revenue ETF (RDIV), First Trust Nasdaq Food & Beverage ETF (FTXG), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), First Trust Consumer Staples AlphaDEX Fund (FXG), WBI Power Factor High Dividend ETF (WBIY) and Morgan Dempsey Large Cap Value ETF (MDLV).

What guidance has Kraft Heinz issued on next quarter's earnings?: Kraft Heinz updated its FY23 earnings guidance on Wednesday, November, 1st. The company provided EPS guidance of $2.91-2.99 for the period, compared to the consensus estimate of $2.89.
What is Miguel Patricio's approval rating as Kraft Heinz's CEO?: 95 employees have rated Kraft Heinz Chief Executive Officer Miguel Patricio on Glassdoor.com. Miguel Patricio has an approval rating of 80% among the company's employees.
What other stocks do shareholders of Kraft Heinz own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Kraft Heinz investors own include AT&T (T), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), Verizon Communications (VZ), Exxon Mobil (XOM), Bank of America (BAC), AbbVie (ABBV), General Electric (GE) and Cisco Systems (CSCO).
Who are Kraft Heinz's major shareholders?: Kraft Heinz's stock is owned by a number of retail and institutional investors. Top institutional investors include Invesco Ltd. (2.01%), Morgan Stanley (1.03%), Bank of New York Mellon Corp (0.75%), LSV Asset Management (0.75%), Northern Trust Corp (0.74%) and Legal & General Group Plc (0.57%). Insiders that own company stock include Bruno Keller, Flavio Torres, Global Food Holdings Lp 3G, John T Cahill, Lande Rashida La, Marcos Eloi Lima, Melissa Werneck, Miguel Patricio and Vince Garlati.
View institutional ownership trends.
How do I buy shares of Kraft Heinz?: Shares of KHC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
Does Kraft Heinz have any subsidiaries?: The following companies are subsidiares of Kraft Heinz: Alimentos Heinz C.A., Alimentos Heinz de Costa Rica S.A., Asian Home Gourmet Pte. Ltd, Asian Restaurants Limited, Battery Properties Inc., Boca Foods Company, Cadbury, Cairo Food Industries S.A.E., Capri Sun Inc., Carlton Bridge Limited, Cerebos Australia Ltd., Cerebos Gregg’s Ltd., Cerebos Skellerop Ltd., Churny Company Inc., Claussen Pickle Co., Comercializadora Heinz Panama SCA, Country Ford Development Limited, Delimex de Mexico S.A. de C.V., Delta Incorporated Limited, Devour Foods LLC, Distribuidora Heinz Caracas C.A., Distribuidora Heinz Maracaibo C.A., Ethical Bean Coffee Company Limited, Ethical Bean LLC, Fall Ridge Partners LLP, Foodstar (China) Investments Company Limited, Foodstar (Shanghai) Foods Co. Ltd., Foodstar Holdings Pte. Ltd., Fruitlove LLC, Fundacion Heinz, Garland BBQ Company, Gevalia Kaffe LLC, Golden Circle Limited, H. J. Heinz Belgium S.A., H. J. Heinz Company Brands LLC, H.J. Heinz Asset Leasing Limited, H.J. Heinz B.V., H.J. Heinz Company (Ireland) Limited, H.J. Heinz Company (New Zealand) Limited, H.J. Heinz Company Australia Limited, H.J. Heinz Company Limited, H.J. Heinz Distribution SAS, H.J. Heinz European Holding B.V., H.J. Heinz Finance UK PLC, H.J. Heinz Foods Spain S.L.U., H.J. Heinz Foods UK Limited, H.J. Heinz France SAS, H.J. Heinz Frozen & Chilled Foods Limited, H.J. Heinz Global Holding B.V., H.J. Heinz Global Holding LLC, H.J. Heinz GmbH, H.J. Heinz Group B.V., H.J. Heinz Holding B.V., H.J. Heinz Investments Coöperatief U.A., H.J. Heinz Ireland Holdings, H.J. Heinz Manufacturing Ireland Limited, H.J. Heinz Manufacturing Spain S.L.U., H.J. Heinz Manufacturing UK Limited, H.J. Heinz Nederland B.V., H.J. Heinz Nigeria Limited, H.J. Heinz Polska Sp. z o.o., H.J. Heinz Supply Chain Europe B.V., H.J. Heinz US Brands LLC, HJH Development Corporation, HJH Overseas LLC, HP Foods Holdings Limited, HP Foods International Limited, HP Foods Limited, HZ.I.L. Ltd., Heinz (China) Investment Company Limited, Heinz (China) Sauces & Condiments Co. Ltd., Heinz Africa FZE, Heinz Africa and Middle East FZE, Heinz Asean Pte. Ltd., Heinz Brasil S.A., Heinz Colombia SAS, Heinz Credit LLC, Heinz Egypt LLC, Heinz Egypt Trading LLC, Heinz Europe Unlimited, Heinz Finance (Luxembourg) S.à r.l, Heinz Foreign Investment Company, Heinz Frozen & Chilled Foods B.V., Heinz Gida Anonim Sirketi, Heinz Hong Kong Ltd., Heinz Investments (Cyprus) Ltd., Heinz Israel Ltd., Heinz Italia S.p.A., Heinz Japan Ltd., Heinz Korea Ltd., Heinz Mexico S.A. de C.V., Heinz Nutrition Foundation India, Heinz Pakistan (Pvt.) Limited, Heinz Panama S.A., Heinz Purchasing Company, Heinz Qingdao Food Co. Ltd., Heinz Shanghai Enterprise Services Co. Ltd., Heinz Single Service Limited, Heinz South Africa (Pty.) Ltd., Heinz Thailand Limited, Heinz Transatlantic Holding LLC, Heinz UFE Ltd., Heinz Vietnam Company Limited, Heinz Wattie's Limited, Heinz Wattie's Pty Limited, Heinz Wattie’s Japan YK, Heinz-Noble Inc., Helco Services Limited, Highview Atlantic Finance (Barbados) SRL, Horizon FZCO, Horizon UAE FZCO, Hugo Canning Co. Pty Ltd., Industria Procesadora de Alimentos de Barcelona C.A., International Gourmet Specialties LLC, International Spirits Recipes LLC, Istituto Scotti Bassani per la Ricerca e l'Informazione Scientifica e Nutrizionale, Jacobs Road Limited, KFG Management Services LLC, KH Caribbean SRL, KH Foodstar LLC, KH Gustav LLC, KH Investment Company LLC, KHFC Luxembourg Holdings S.à r.l, Kaiping Guanghe Fermented Bean Curd Co. Ltd., Kaiping Jiashili Dried Fruit and Nuts Co. Ltd., Kaiping Weishida Seasonings Co. Ltd., Koninklijke De Ruijter B.V., Kraft Foods Group Brands LLC, Kraft Foods Group Exports LLC, Kraft Foods Group Netherlands Holding B.V., Kraft Foods Group Puerto Rico LLC, Kraft Heinz (Barbados) SRL, Kraft Heinz (Ireland) Ltd, Kraft Heinz Amsterdam B.V., Kraft Heinz Argentina S.R.L., Kraft Heinz Australia Pty Limited, Kraft Heinz Brasil Comercio Distribuicao E Importacao Ltda., Kraft Heinz Canada ULC, Kraft Heinz Chile Limitada, Kraft Heinz Foods Company, Kraft Heinz Foods Company LP, Kraft Heinz Foods Luxembourg Holdings S.à r.l, Kraft Heinz Global Finance B.V., Kraft Heinz Holding LLC, Kraft Heinz India Private Limited, Kraft Heinz Ingredients Corp., Kraft Heinz Intermediate Corporation I, Kraft Heinz Intermediate Corporation II, Kraft Heinz International B.V., Kraft Heinz Investment Company LLC, Kraft Heinz NoMa B.V., Kraft Heinz Puerto Rico LLC, Kraft Heinz Sewickley C.V., Kraft Heinz Singapore Holding Pte. Ltd., Kraft Heinz UK Limited, Kraft Heinz Yangjiang Foods Co. Ltd., Kraft New Services LLC, LLC Heinz-Georgievsk, LLC Ivanovsky Kombinat Detskogo Pitaniya, La Bonne Cuisine Limited, Langtech Citrus Pty. Limited, Lea & Perrins LLC, Lea & Perrins Limited, MILKSUN spol. s.r.o., Master Chef Limited, Mealtime Stories LLC, Nanjing Jilun Seasoning Products Pte. Ltd., Nature's Delicious Foods Group LLC, Noble Insurance Company Limited, O.R.A. LLC, P.T. Heinz ABC Indonesia, PPK Ltd., Petroproduct-Otradnoye Limited, Phenix Management Corporation, Pollio Italian Cheese Company, Primal Kitchen, Primal Nutrition LLC, Pro-Share Limited, Pudliszki Sp. z o.o., RINC Ltd., Renee's Gourmet Foods Inc., Salpak Pty Ltd., Seven Seas Foods Inc., Sewickley LLC, TNCOR Ltd., The Bold Butcher LLC, The Kraft Heinz Company Foundation, The Yuban Coffee Company, Thompson & Hills Ltd., Top Taste Company Limited, Tsai Weng Ping Incorporated Limited, WW Foods LLC, Weishida (Nanjing) Foods Co. Ltd., Wellio Inc., Wexford LLC, XO Dairy LLC, evolv group llc, evolv venture capital fund LP, and evolv ventures llc.
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This page (NASDAQ:KHC) was last updated on 12/11/2023 by MarketBeat.com Staff

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