Wells Fargo & Company Forecasts Strong Price Appreciation for Kraft Heinz (NASDAQ:KHC) Stock

Kraft Heinz (NASDAQ:KHC) had its price target upped by analysts at Wells Fargo & Company from $23.00 to $25.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential downside of 1.19% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. BTIG Research started coverage on shares of Kraft Heinz in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. TD Cowen lowered their price target on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, March 25th. Piper Sandler boosted their price objective on Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Finally, JPMorgan Chase & Co. reduced their target price on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $23.00.

Kraft Heinz Trading Up 1.9%

Shares of NASDAQ:KHC opened at $25.30 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. Kraft Heinz has a 12-month low of $21.03 and a 12-month high of $29.19. The business has a 50 day moving average of $23.52 and a two-hundred day moving average of $23.46. The company has a market capitalization of $30.00 billion, a PE ratio of -5.21 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. During the same period in the previous year, the firm earned $0.62 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts forecast that Kraft Heinz will post 2.07 EPS for the current year.

Insider Buying and Selling at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider owned 102,667 shares in the company, valued at $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kraft Heinz

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after purchasing an additional 616,283 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Kraft Heinz by 37.4% during the third quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock worth $51,717,000 after buying an additional 540,532 shares during the last quarter. Swiss Life Asset Management Ltd grew its holdings in Kraft Heinz by 148.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock valued at $52,595,000 after buying an additional 1,295,688 shares in the last quarter. Westhampton Capital LLC purchased a new stake in Kraft Heinz in the 4th quarter valued at $1,222,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Kraft Heinz by 14.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,224,052 shares of the company’s stock worth $78,183,000 after acquiring an additional 397,329 shares during 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.