Analysts Set The Kraft Heinz Company (NASDAQ:KHC) Target Price at $37.55

The Kraft Heinz Company (NASDAQ:KHC) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $37.55.

A number of equities research analysts have recently commented on KHC shares. Evercore ISI cut their target price on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price objective on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Citigroup decreased their target price on shares of Kraft Heinz from $41.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Bank of America lowered their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th.

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $36.00, for a total value of $146,736.00. Following the transaction, the insider now directly owns 143,970 shares of the company’s stock, valued at approximately $5,182,920. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. New Covenant Trust Company N.A. bought a new position in Kraft Heinz in the 1st quarter worth $27,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after buying an additional 797 shares during the period. Asset Dedication LLC raised its stake in shares of Kraft Heinz by 94.8% in the second quarter. Asset Dedication LLC now owns 978 shares of the company’s stock worth $32,000 after buying an additional 476 shares during the period. Bangor Savings Bank bought a new position in shares of Kraft Heinz during the 3rd quarter valued at approximately $32,000. Finally, Hantz Financial Services Inc. purchased a new stake in Kraft Heinz in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of KHC stock opened at $35.95 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of 0.39. The stock has a market cap of $43.65 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 3.39 and a beta of 0.49. The business’s fifty day moving average is $35.18 and its 200 day moving average is $34.99. Kraft Heinz has a twelve month low of $31.08 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. Research analysts expect that Kraft Heinz will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.45%. Kraft Heinz’s dividend payout ratio (DPR) is currently 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.