Kraft Heinz (NASDAQ:KHC) Given New $32.00 Price Target at Stifel Nicolaus

Kraft Heinz (NASDAQ:KHC) had its price target reduced by stock analysts at Stifel Nicolaus from $35.00 to $32.00 in a report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 9.31% from the stock’s current price.

KHC has been the topic of several other research reports. The Goldman Sachs Group dropped their target price on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Thursday, October 31st. Mizuho dropped their target price on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Evercore ISI reissued an “in-line” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, TD Cowen lowered their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.77.

Kraft Heinz Trading Up 0.7 %

Shares of NASDAQ:KHC traded up $0.21 during trading on Friday, hitting $29.28. The company had a trading volume of 939,761 shares, compared to its average volume of 8,618,677. The stock has a market cap of $35.40 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.45 and a beta of 0.48. Kraft Heinz has a one year low of $28.37 and a one year high of $38.96. The company has a fifty day simple moving average of $30.62 and a two-hundred day simple moving average of $33.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. Kraft Heinz’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS. As a group, equities analysts forecast that Kraft Heinz will post 3 earnings per share for the current year.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the completion of the sale, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kraft Heinz

Large investors have recently bought and sold shares of the company. Fortitude Family Office LLC increased its stake in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Kraft Heinz during the 3rd quarter worth approximately $27,000. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz during the 4th quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of 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. Finally, Bangor Savings Bank acquired a new position in shares of Kraft Heinz during the 3rd quarter worth approximately $32,000. 78.17% of the stock is currently owned by hedge funds and other 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.