The Kraft Heinz Company (NASDAQ:KHC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of The Kraft Heinz Company (NASDAQ:KHC) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.75.

A number of equities research analysts recently weighed in on the stock. Bank of America raised their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Piper Sandler reduced their target price on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, June 20th.

Kraft Heinz Stock Up 0.4 %

Shares of NASDAQ:KHC opened at $32.00 on Wednesday. The company has a market cap of $38.86 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 2.60 and a beta of 0.53. Kraft Heinz has a one year low of $30.68 and a one year high of $38.96. The firm has a fifty day moving average price of $35.06 and a two-hundred day moving average price of $35.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Analysts anticipate that Kraft Heinz will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 6th were paid a $0.40 dividend. The ex-dividend date was Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a yield of 5.00%. Kraft Heinz’s dividend payout ratio (DPR) is currently 69.87%.

Insider Activity at Kraft Heinz

In other news, insider Lande Rashida La sold 10,140 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the sale, the insider now directly owns 158,266 shares in the company, valued at $5,689,662.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kraft Heinz

Hedge funds and other institutional investors have recently made changes to their positions in the business. FSC Wealth Advisors LLC grew its holdings in shares of Kraft Heinz by 23.4% during the 4th quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock worth $53,000 after acquiring an additional 270 shares during the period. NBT Bank N A NY grew its stake in Kraft Heinz by 2.2% in the first quarter. NBT Bank N A NY now owns 12,785 shares of the company’s stock worth $472,000 after purchasing an additional 270 shares during the period. Welch Group LLC raised its holdings in Kraft Heinz by 1.9% in the first quarter. Welch Group LLC now owns 14,868 shares of the company’s stock worth $549,000 after purchasing an additional 272 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Kraft Heinz by 13.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 2,423 shares of the company’s stock valued at $89,000 after buying an additional 282 shares during the period. Finally, Archer Investment Corp boosted its holdings in shares of Kraft Heinz by 2.0% during the 4th quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock valued at $544,000 after buying an additional 294 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.