Stifel Nicolaus Cuts Kraft Heinz (NASDAQ:KHC) Price Target to $28.00

Kraft Heinz (NASDAQ:KHC) had its target price lowered by Stifel Nicolaus from $30.00 to $28.00 in a research note published on Wednesday morning, Marketbeat Ratings reports. The firm currently has a hold rating on the stock.

KHC has been the topic of a number of other reports. UBS Group increased their price objective on shares of Kraft Heinz from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Morgan Stanley set a $29.00 target price on shares of Kraft Heinz and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. initiated coverage on shares of Kraft Heinz in a report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 target price for the company. DZ Bank cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Friday, May 9th. Finally, Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday. Seventeen investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $29.76.

Kraft Heinz Trading Up 1.2%

Shares of Kraft Heinz stock opened at $27.29 on Wednesday. The company has a market capitalization of $32.30 billion, a price-to-earnings ratio of -6.08, a PEG ratio of 3.14 and a beta of 0.23. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. Kraft Heinz has a 12-month low of $25.44 and a 12-month high of $36.31. The firm’s 50-day moving average price is $27.46 and its two-hundred day moving average price is $28.22.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, analysts forecast that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Friday, August 29th. Kraft Heinz’s dividend payout ratio (DPR) is -35.63%.

Insider Transactions at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the transaction, the director owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KHC. Vanguard Group Inc. raised its holdings in Kraft Heinz by 12.7% in the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock valued at $3,103,277,000 after buying an additional 11,472,071 shares during the last quarter. Norges Bank bought a new position in Kraft Heinz in the 2nd quarter valued at approximately $276,159,000. Pacer Advisors Inc. raised its holdings in Kraft Heinz by 4,390.7% in the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock valued at $226,523,000 after buying an additional 7,278,295 shares during the last quarter. Geode Capital Management LLC raised its holdings in Kraft Heinz by 14.7% during the 2nd quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock worth $681,663,000 after purchasing an additional 3,392,470 shares during the last quarter. Finally, Southeastern Asset Management Inc. TN bought a new position in Kraft Heinz during the 4th quarter worth approximately $87,080,000. Institutional investors 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.