Kraft Heinz (NASDAQ:KHC) Cut to Sell at StockNews.com

StockNews.com lowered shares of Kraft Heinz (NASDAQ:KHC) from a hold rating to a sell rating in a research report released on Friday morning.

KHC has been the topic of a number of other research reports. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and cut their price target for the company from $38.00 to $31.00 in a report on Monday, February 10th. JPMorgan Chase & Co. decreased their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday. TD Cowen decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Piper Sandler decreased their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price target for the company from $34.00 to $28.00 in a report on Thursday. Three analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and an average price target of $30.86.

Kraft Heinz Trading Down 1.1 %

Shares of NASDAQ:KHC opened at $28.92 on Friday. The company has a 50 day moving average of $29.90 and a 200-day moving average of $32.73. The firm has a market cap of $34.97 billion, a P/E ratio of 26.05, a P/E/G ratio of 3.74 and a beta of 0.47. Kraft Heinz has a twelve month low of $27.25 and a twelve month high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. As a group, analysts anticipate that Kraft Heinz will post 3 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 144.14%.

Institutional Investors Weigh In On Kraft Heinz

A number of hedge funds have recently made changes to their positions in KHC. Sawyer & Company Inc bought a new stake in Kraft Heinz during the 4th quarter worth about $25,000. Fortitude Family Office LLC raised its holdings in shares of Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares during the last quarter. Generali Investments Management Co LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Kraft Heinz in the third quarter valued at approximately $27,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

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.