Kraft Heinz (NASDAQ:KHC) Now Covered by Analysts at Exane BNP Paribas

Exane BNP Paribas assumed coverage on shares of Kraft Heinz (NASDAQ:KHCGet Rating) in a research note issued on Tuesday, The Fly reports. The brokerage set a “neutral” rating and a $39.00 price target on the stock. Exane BNP Paribas’ price target would suggest a potential upside of 3.48% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Kraft Heinz from $48.00 to $47.00 in a report on Monday, July 18th. TheStreet upgraded shares of Kraft Heinz from a “c+” rating to a “b-” rating in a report on Wednesday, November 2nd. Piper Sandler decreased their price objective on shares of Kraft Heinz to $41.00 in a report on Wednesday, October 5th. BNP Paribas began coverage on shares of Kraft Heinz in a report on Tuesday. They set a “neutral” rating and a $39.00 price objective for the company. Finally, Mizuho began coverage on shares of Kraft Heinz in a report on Monday, July 18th. They issued a “buy” rating and a $48.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.75.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $37.69 on Tuesday. The firm has a 50-day moving average price of $35.78 and a 200-day moving average price of $37.58. The firm has a market capitalization of $46.17 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 0.40. Kraft Heinz has a 12-month low of $32.73 and a 12-month high of $44.87.

Kraft Heinz (NASDAQ:KHCGet Rating) last released its earnings results on Wednesday, October 26th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.08. The firm had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.30 billion. Kraft Heinz had a net margin of 4.71% and a return on equity of 6.84%. As a group, equities research analysts forecast that Kraft Heinz will post 2.7 EPS for the current year.

Insider Transactions at Kraft Heinz

In other news, CAO Lande Rashida La sold 30,000 shares of Kraft Heinz stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $38.36, for a total value of $1,150,800.00. Following the transaction, the chief accounting officer now owns 223,062 shares of the company’s stock, valued at approximately $8,556,658.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sandy Cove Advisors LLC purchased a new stake in Kraft Heinz during the 1st quarter worth approximately $25,000. Crewe Advisors LLC grew its position in Kraft Heinz by 108.8% during the 2nd quarter. Crewe Advisors LLC now owns 691 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares during the last quarter. Horan Securities Inc. grew its position in Kraft Heinz by 206.4% during the 3rd quarter. Horan Securities Inc. now owns 766 shares of the company’s stock worth $26,000 after purchasing an additional 516 shares during the last quarter. Ossiam purchased a new stake in Kraft Heinz during the 2nd quarter worth approximately $28,000. Finally, O Dell Group LLC grew its position in Kraft Heinz by 204.0% during the 3rd quarter. O Dell Group LLC now owns 845 shares of the company’s stock worth $28,000 after purchasing an additional 567 shares during the last quarter. Hedge funds and other institutional investors own 67.03% of the company’s stock.

About Kraft Heinz

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The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

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