Kraft Heinz’s (KHC) “In-Line” Rating Reaffirmed at Evercore ISI

Evercore ISI restated their in-line rating on shares of Kraft Heinz (NASDAQ:KHC) in a report issued on Tuesday, MarketBeat.com reports. The brokerage currently has a $35.00 target price on the stock, down from their prior target price of $38.00.

A number of other equities analysts have also recently weighed in on the stock. Barclays reduced their price objective on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Mizuho reduced their price target on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group cut their price objective on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. Finally, Stifel Nicolaus cut Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $38.00 in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and an average target price of $35.58.

Kraft Heinz Trading Down 0.4 %

Shares of Kraft Heinz stock opened at $29.66 on Tuesday. The firm has a 50-day simple moving average of $31.33 and a two-hundred day simple moving average of $33.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. Kraft Heinz has a fifty-two week low of $29.23 and a fifty-two week high of $38.96. The company has a market cap of $35.86 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 3.62 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. Kraft Heinz’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. As a group, equities analysts predict that Kraft Heinz will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were given a dividend of $0.40 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.39%. Kraft Heinz’s payout ratio is 144.14%.

Insider Buying and Selling

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the transaction, the executive vice president now owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kraft Heinz

A number of institutional investors and hedge funds have recently made changes to their positions in KHC. Fortitude Family Office LLC grew its position in Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after acquiring an additional 529 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Kraft Heinz in the third quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. increased its stake in Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after buying an additional 797 shares during the period. Bangor Savings Bank acquired a new stake in Kraft Heinz during the 3rd quarter worth approximately $32,000. Finally, Capital Performance Advisors LLP purchased a new position in Kraft Heinz in the 3rd quarter valued at approximately $33,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Company Profile

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.