Kraft Heinz Company (NASDAQ:KHC) Stock Has Average Price Target of $23.60 According to Analysts

Shares of Kraft Heinz Company (NASDAQ:KHC) have received a consensus recommendation of “Reduce” from the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $23.60.

Several analysts recently weighed in on KHC shares. Piper Sandler lifted their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Royal Bank Of Canada restated an “outperform” rating and set a $32.00 price target on shares of Kraft Heinz in a research note on Thursday, September 24th. JPMorgan Chase & Co. lowered their price target on Kraft Heinz from $24.00 to $23.00 and set an “underweight” rating for the company in a research report on Tuesday, October 20th. TD Cowen reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Kraft Heinz in a research note on Tuesday, September 22nd. Finally, UBS Group reiterated a “neutral” rating on shares of Kraft Heinz in a report on Thursday, October 15th.

Institutional Trading of Kraft Heinz

A number of institutional investors and hedge funds have recently bought and sold shares of KHC. Cassaday & Co Wealth Management LLC purchased a new position in shares of Kraft Heinz in the first quarter valued at approximately $27,000. Hara Capital LLC purchased a new stake in Kraft Heinz during the 2nd quarter worth approximately $29,000. Reyes Financial Architecture Inc. increased its stake in Kraft Heinz by 5,820.8% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,421 shares of the company’s stock worth $32,000 after buying an additional 1,397 shares during the period. Fiduciary Financial Advisors acquired a new stake in Kraft Heinz during the 2nd quarter worth approximately $33,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in Kraft Heinz during the 2nd quarter worth approximately $34,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 2.5%

Shares of KHC stock opened at $24.95 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The firm has a market cap of $29.59 billion, a PE ratio of -8.73, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12. The company has a 50-day moving average of $24.02 and a two-hundred day moving average of $23.90. Kraft Heinz has a 1-year low of $21.03 and a 1-year high of $28.09.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the firm earned $0.69 EPS. The business’s revenue was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, analysts predict that Kraft Heinz will post 2.06 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Friday, September 4th. Kraft Heinz’s dividend payout ratio (DPR) is -55.94%.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company’s brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.