Kraft Heinz Company (NASDAQ:KHC) Stock Rated “Reduce” by Sell-Side Brokerages

Shares of Kraft Heinz Company (NASDAQ:KHC) have received an average rating of “Reduce” from the seventeen analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $23.75.

A number of research firms recently weighed in on KHC. Royal Bank Of Canada reissued an “outperform” rating and set a $32.00 price target on shares of Kraft Heinz in a research note on Thursday, September 24th. Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. TD Cowen reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Kraft Heinz in a research note on Tuesday, September 22nd. Piper Sandler lifted their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Wall Street Zen lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $22.23 on Tuesday. The stock has a market capitalization of $26.36 billion, a P/E ratio of -7.77, a P/E/G ratio of 2.99 and a beta of 0.12. Kraft Heinz has a 1-year low of $21.03 and a 1-year high of $28.09. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $24.52 and a two-hundred day moving average price of $23.94.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Equities analysts predict that Kraft Heinz will post 2.06 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Friday, September 4th. Kraft Heinz’s dividend payout ratio (DPR) is currently -55.94%.

Institutional Investors Weigh In On Kraft Heinz

A number of institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC increased its stake in shares of Kraft Heinz by 2.5% in the 3rd quarter. Sound Income Strategies LLC now owns 531,815 shares of the company’s stock valued at $11,955,000 after acquiring an additional 12,936 shares during the last quarter. Bill Few Associates Inc. raised its position in shares of Kraft Heinz by 1.0% in the 3rd quarter. Bill Few Associates Inc. now owns 92,898 shares of the company’s stock valued at $2,111,000 after acquiring an additional 914 shares during the period. Wedmont Private Capital boosted its stake in Kraft Heinz by 31.2% during the 3rd quarter. Wedmont Private Capital now owns 23,435 shares of the company’s stock worth $527,000 after acquiring an additional 5,568 shares during the last quarter. Douglas Lane & Associates LLC boosted its stake in Kraft Heinz by 30.0% during the 3rd quarter. Douglas Lane & Associates LLC now owns 13,000 shares of the company’s stock worth $295,000 after acquiring an additional 3,000 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Kraft Heinz by 27.2% during the 3rd quarter. GAMMA Investing LLC now owns 30,397 shares of the company’s stock worth $691,000 after acquiring an additional 6,493 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets packaged foods and beverages for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and other grocery items.

The company’s brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Jell-O, Ore-Ida, Classico, Grey Poupon and Planters.