The Kraft Heinz Company (NASDAQ:KHC) Receives Consensus Rating of “Hold” from Brokerages

Shares of The Kraft Heinz Company (NASDAQ:KHC) have been given a consensus recommendation of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $39.50.

KHC has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Citigroup initiated coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Bank of America upped their target price on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th.

Insider Activity at Kraft Heinz

In related news, insider Lande Rashida La sold 10,140 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $35.95, for a total value of $364,533.00. Following the completion of the transaction, the insider now directly owns 158,266 shares of the company’s stock, valued at $5,689,662.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kraft Heinz

Several hedge funds have recently bought and sold shares of KHC. Steward Partners Investment Solutions LLC purchased a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $25,000. OFI Invest Asset Management purchased a new stake in shares of Kraft Heinz in the third quarter worth $26,000. New Covenant Trust Company N.A. bought a new position in shares of Kraft Heinz during the first quarter valued at $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Kraft Heinz in the 4th quarter worth about $32,000. Finally, BKM Wealth Management LLC bought a new position in Kraft Heinz in the 4th quarter worth about $33,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Down 0.2 %

Kraft Heinz stock opened at $36.00 on Tuesday. The firm has a 50 day simple moving average of $36.50 and a 200 day simple moving average of $36.09. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. Kraft Heinz has a 1-year low of $30.68 and a 1-year high of $39.34. The firm has a market capitalization of $43.71 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 2.89 and a beta of 0.65.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The company had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that Kraft Heinz will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.44%. Kraft Heinz’s dividend 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.