Mizuho Issues Pessimistic Forecast for Kraft Heinz (NASDAQ:KHC) Stock Price

Kraft Heinz (NASDAQ:KHC) had its price objective lowered by analysts at Mizuho from $27.00 to $25.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price objective would indicate a potential upside of 1.97% from the stock’s previous close.

KHC has been the topic of several other reports. UBS Group boosted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a report on Thursday, January 22nd. The Goldman Sachs Group set a $23.00 price objective on Kraft Heinz in a report on Thursday, February 12th. Zacks Research cut Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and an average price target of $24.89.

Kraft Heinz Stock Up 0.5%

Shares of Kraft Heinz stock opened at $24.52 on Monday. Kraft Heinz has a 1 year low of $21.99 and a 1 year high of $33.35. 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 company has a market capitalization of $29.02 billion, a P/E ratio of -4.94 and a beta of 0.08. The business has a 50-day moving average of $23.99 and a two-hundred day moving average of $25.18.

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

Insider Transactions at Kraft Heinz

In related news, insider Miguel Patricio sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the completion of the transaction, the insider directly owned 686,817 shares in the company, valued at $17,046,797.94. This represents a 15.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kraft Heinz

Several institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Kraft Heinz during the fourth quarter valued at about $332,382,000. Nordea Investment Management AB lifted its position in shares of Kraft Heinz by 75.1% during the 3rd quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock worth $351,263,000 after buying an additional 5,873,967 shares in the last quarter. Barclays PLC boosted its stake in shares of Kraft Heinz by 77.8% in the 4th quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock worth $217,599,000 after buying an additional 3,926,141 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Kraft Heinz by 14.7% in the 2nd quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock worth $681,663,000 after buying an additional 3,392,470 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Kraft Heinz by 10.5% in the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock valued at $478,347,000 after acquiring an additional 1,870,310 shares in the last quarter. Institutional investors and hedge funds 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.