The Kraft Heinz Company (NASDAQ:KHC) Declares $0.40 Quarterly Dividend

The Kraft Heinz Company (NASDAQ:KHC) declared a quarterly dividend on Tuesday, April 29th, RTT News reports. Investors of record on Friday, May 30th will be given a dividend of 0.40 per share on Friday, June 27th. This represents a $1.60 annualized dividend and a yield of 5.55%.

Kraft Heinz has a payout ratio of 57.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kraft Heinz to earn $2.82 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 56.7%.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $28.81 on Tuesday. Kraft Heinz has a fifty-two week low of $27.25 and a fifty-two week high of $38.72. The stock has a market cap of $34.38 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The business has a fifty day moving average of $30.05 and a 200-day moving average of $30.83. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, analysts predict that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KHC has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Piper Sandler decreased their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Barclays dropped their price objective on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Cfra Research cut Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Finally, StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Four analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.69.

Kraft Heinz Company Profile

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.