Kraft Heinz (NASDAQ:KHC) Given New $31.00 Price Target at Stifel Nicolaus

Kraft Heinz (NASDAQ:KHC) had its target price reduced by Stifel Nicolaus from $32.00 to $31.00 in a research note released on Thursday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts also recently weighed in on the company. The Goldman Sachs Group reduced their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research report on Thursday, October 31st. Citigroup cut shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $34.00 to $28.00 in a report on Thursday. TD Cowen cut their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI restated an “in-line” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Finally, Jefferies Financial Group lowered their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $31.29.

Kraft Heinz Trading Up 2.2 %

Shares of NASDAQ:KHC opened at $29.25 on Thursday. The firm has a market cap of $35.37 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 3.74 and a beta of 0.47. Kraft Heinz has a 12 month low of $27.25 and a 12 month high of $38.96. The company’s fifty day simple moving average is $29.98 and its 200 day simple moving average is $32.80. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.47%. Kraft Heinz’s dividend payout ratio (DPR) is 144.14%.

Hedge Funds Weigh In On Kraft Heinz

Large investors have recently modified their holdings of the stock. Fortitude Family Office LLC grew its stake in Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after buying an additional 529 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Kraft Heinz during the third quarter worth approximately $27,000. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new position in shares of Kraft Heinz during the fourth quarter worth approximately $26,000. Finally, DiNuzzo Private Wealth Inc. lifted its holdings in Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after purchasing an additional 797 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Company Profile

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.