Kraft Heinz (NASDAQ:KHC) Price Target Cut to $23.00 by Analysts at UBS Group

Kraft Heinz (NASDAQ:KHC) had its price target reduced by UBS Group from $25.00 to $23.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target points to a potential downside of 1.10% from the stock’s current price.

A number of other research firms have also commented on KHC. Mizuho cut their price objective on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research note on Thursday, January 22nd. Jefferies Financial Group cut their price objective on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. The Goldman Sachs Group set a $23.00 price objective on Kraft Heinz in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein boosted their price target on Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kraft Heinz has an average rating of “Reduce” and an average target price of $23.59.

Kraft Heinz Trading Down 1.3%

Shares of Kraft Heinz stock traded down $0.32 during midday trading on Tuesday, reaching $23.26. The company had a trading volume of 7,883,183 shares, compared to its average volume of 16,576,785. The stock has a fifty day moving average price of $23.50 and a 200 day moving average price of $24.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79. The firm has a market cap of $27.53 billion, a PE ratio of -4.70 and a beta of 0.07. Kraft Heinz has a fifty-two week low of $21.03 and a fifty-two week high of $30.42.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities analysts anticipate that Kraft Heinz will post 2.68 earnings per share for the current year.

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the sale, the insider owned 202,454 shares in the company, valued at approximately $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by insiders.

Institutional Investors Weigh In On Kraft Heinz

Several institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust grew its holdings in Kraft Heinz by 15.5% during the third quarter. Parkside Financial Bank & Trust now owns 3,219 shares of the company’s stock worth $84,000 after buying an additional 431 shares in the last quarter. Graney & King LLC grew its holdings in Kraft Heinz by 20.5% during the fourth quarter. Graney & King LLC now owns 2,560 shares of the company’s stock worth $62,000 after buying an additional 435 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Kraft Heinz by 3.2% during the fourth quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock worth $361,000 after buying an additional 458 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Kraft Heinz by 13.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock valued at $101,000 after purchasing an additional 460 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in Kraft Heinz by 1.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock valued at $718,000 after purchasing an additional 490 shares during the period. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.