The Kraft Heinz Company (NASDAQ:KHC) Given Consensus Rating of “Moderate Buy” by Analysts

by · The Cerbat Gem

The Kraft Heinz Company (NASDAQ:KHC – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $39.75.

Several brokerages recently weighed in on KHC. Piper Sandler reduced their price objective on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, June 20th. Bank of America boosted their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, June 27th.

Check Out Our Latest Stock Report on KHC

Insider Activity

In related news, insider Lande Rashida La sold 10,140 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $35.95, for a total value of $364,533.00. Following the sale, the insider now owns 158,266 shares in the company, valued at approximately $5,689,662.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Kraft Heinz

Institutional investors and hedge funds have recently made changes to their positions in the business. Steward Partners Investment Solutions LLC bought a new stake in Kraft Heinz in the 4th quarter worth about $25,000. New Covenant Trust Company N.A. bought a new stake in Kraft Heinz in the 1st quarter worth about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in Kraft Heinz in the 4th quarter worth about $32,000. BKM Wealth Management LLC bought a new stake in Kraft Heinz in the 4th quarter worth about $33,000. Finally, Headinvest LLC bought a new stake in Kraft Heinz in the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $32.09 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.40. Kraft Heinz has a twelve month low of $30.68 and a twelve month high of $38.96. The stock has a market cap of $38.97 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 2.59 and a beta of 0.53. The company’s fifty day moving average is $34.56 and its 200 day moving average is $35.86.

Kraft Heinz (NASDAQ:KHC – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Kraft Heinz’s revenue for the quarter was down 1.2% on a year-over-year basis. Sell-side analysts forecast that Kraft Heinz will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 6th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.60 annualized dividend and a dividend yield of 4.99%. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Kraft Heinz Company Profile

(Get Free Report

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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