Jefferies Financial Group Lowers Kraft Heinz (NASDAQ:KHC) Price Target to $20.00

Kraft Heinz (NASDAQ:KHC) had its price target decreased by investment analysts at Jefferies Financial Group from $23.00 to $20.00 in a note issued to investors on Monday,MarketScreener reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential downside of 9.48% from the stock’s previous close.

A number of other research firms also recently issued reports on KHC. Piper Sandler cut their price objective on shares of Kraft Heinz from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. Wells Fargo & Company lowered their target price on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. JPMorgan Chase & Co. reduced their price target on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 25th. Mizuho lowered 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. Finally, Zacks Research downgraded Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $23.89.

Kraft Heinz Stock Performance

KHC stock traded down $0.40 during trading hours on Monday, hitting $22.10. 1,630,791 shares of the stock were exchanged, compared to its average volume of 16,661,061. Kraft Heinz has a 12 month low of $21.03 and a 12 month high of $31.15. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $26.15 billion, a P/E ratio of -4.45 and a beta of 0.06. The company has a 50-day simple moving average of $23.51 and a two-hundred day simple moving average of $24.38.

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

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the transaction, the insider directly owned 202,454 shares in the company, valued at $4,982,392.94. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kraft Heinz

A number of large investors have recently modified their holdings of KHC. Generali Asset Management SPA SGR boosted its stake in Kraft Heinz by 192.4% during the third quarter. Generali Asset Management SPA SGR now owns 81,260 shares of the company’s stock worth $2,116,000 after acquiring an additional 53,467 shares in the last quarter. Fairfax Financial Holdings Ltd. Can increased its stake in Kraft Heinz by 45.4% in the second quarter. Fairfax Financial Holdings Ltd. Can now owns 4,884,000 shares of the company’s stock valued at $126,056,000 after purchasing an additional 1,525,000 shares in the last quarter. First Horizon Corp acquired a new position in shares of Kraft Heinz during the third quarter valued at about $4,678,000. Savoir Faire Capital Management L.P. acquired a new position in shares of Kraft Heinz during the third quarter valued at about $12,923,000. Finally, Schroder Investment Management Group boosted its position in shares of Kraft Heinz by 2.4% during the 3rd quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock worth $84,994,000 after purchasing an additional 77,045 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

About Kraft Heinz

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.