Stifel Nicolaus Cuts Kraft Heinz (NASDAQ:KHC) Price Target to $32.00

Kraft Heinz (NASDAQ:KHC) had its price objective reduced by Stifel Nicolaus from $35.00 to $32.00 in a report issued on Friday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Mizuho lowered their price objective on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Citigroup lowered their price objective on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Barclays lowered their price objective on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, Wells Fargo & Company decreased their price target on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.77.

Kraft Heinz Price Performance

KHC opened at $29.31 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The company has a market capitalization of $35.44 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 3.45 and a beta of 0.48. The firm’s fifty day moving average price is $30.53 and its two-hundred day moving average price is $33.12. Kraft Heinz has a 1 year low of $28.37 and a 1 year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 EPS. As a group, analysts anticipate that Kraft Heinz will post 3 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date was Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the completion of the transaction, the executive vice president now owns 168,195 shares in the company, valued at $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Kraft Heinz

A number of institutional investors have recently added to or reduced their stakes in KHC. Sawyer & Company Inc bought a new stake in Kraft Heinz in the 4th quarter worth about $25,000. Fortitude Family Office LLC increased its holdings in Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Kraft Heinz in the 3rd quarter worth about $27,000. DiNuzzo Private Wealth Inc. grew its stake in shares of Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after purchasing an additional 797 shares during the period. Finally, Bangor Savings Bank bought a new stake in shares of Kraft Heinz during the 3rd quarter valued at about $32,000. Institutional investors own 78.17% of the company’s stock.

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.