The Kraft Heinz Company (NASDAQ:KHC) Given Consensus Recommendation of “Hold” by Analysts

The Kraft Heinz Company (NASDAQ:KHC) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $37.55.

KHC has been the subject of several research reports. Barclays increased their price objective on Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Bank of America lowered their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company lifted their price objective on Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Piper Sandler decreased their price objective on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, June 20th.

Insiders Place Their Bets

In other news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the completion of the transaction, the insider now owns 143,970 shares in the company, valued at $5,182,920. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. New Covenant Trust Company N.A. bought a new stake in shares of Kraft Heinz during the first quarter valued at approximately $27,000. Asset Dedication LLC increased its holdings in Kraft Heinz by 94.8% during the second quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after buying an additional 476 shares during the period. Bangor Savings Bank purchased a new position in Kraft Heinz in the third quarter worth $32,000. Hantz Financial Services Inc. acquired a new stake in shares of Kraft Heinz during the second quarter worth $34,000. Finally, Valley Wealth Managers Inc. lifted its stake in shares of Kraft Heinz by 46.4% during the second quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the company’s stock worth $35,000 after buying an additional 340 shares during the period. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $34.83 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01. Kraft Heinz has a 52 week low of $30.68 and a 52 week high of $38.96. The stock has a market capitalization of $42.29 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 3.39 and a beta of 0.49. The stock has a fifty day moving average of $35.15 and a 200-day moving average of $35.02.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the previous year, the company posted $0.79 EPS. The business’s revenue was down 3.3% on a year-over-year basis. On average, sell-side analysts expect that Kraft Heinz will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a yield of 4.59%. Kraft Heinz’s payout ratio is presently 69.87%.

About Kraft Heinz

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.