The Kraft Heinz Company (NASDAQ:KHC) Receives Average Rating of “Hold” from Analysts

Shares of The Kraft Heinz Company (NASDAQ:KHCGet Free Report) have been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $40.57.

Several brokerages recently commented on KHC. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Citigroup assumed coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective on the stock. Wells Fargo & Company dropped their target price on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Finally, Bank of America raised their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th.

View Our Latest Analysis on Kraft Heinz

Kraft Heinz Price Performance

NASDAQ:KHC opened at $38.07 on Friday. Kraft Heinz has a 12-month low of $30.68 and a 12-month high of $41.47. The firm has a market capitalization of $46.28 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 2.98 and a beta of 0.67. The stock’s 50 day moving average price is $35.98 and its two-hundred day moving average price is $35.48. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHCGet Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter last year, the firm posted $0.85 EPS. The company’s quarterly revenue was down 7.1% on a year-over-year basis. On average, analysts anticipate that Kraft Heinz will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s payout ratio is presently 69.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KHC. First Hawaiian Bank bought a new position in shares of Kraft Heinz in the third quarter worth about $314,000. CWM LLC lifted its stake in Kraft Heinz by 21.6% in the 3rd quarter. CWM LLC now owns 13,947 shares of the company’s stock valued at $469,000 after purchasing an additional 2,482 shares during the last quarter. AE Wealth Management LLC boosted its position in Kraft Heinz by 7.1% in the third quarter. AE Wealth Management LLC now owns 82,574 shares of the company’s stock valued at $2,778,000 after buying an additional 5,454 shares in the last quarter. Ronald Blue Trust Inc. boosted its position in Kraft Heinz by 202.1% in the third quarter. Ronald Blue Trust Inc. now owns 6,779 shares of the company’s stock valued at $240,000 after buying an additional 4,535 shares in the last quarter. Finally, Kentucky Retirement Systems bought a new stake in shares of Kraft Heinz during the third quarter worth $2,095,000. 78.17% of the stock is owned by institutional investors.

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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Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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