Jefferies Financial Group Lowers Kraft Heinz (NASDAQ:KHC) Price Target to $30.00

Kraft Heinz (NASDAQ:KHC) had its target price lowered by equities researchers at Jefferies Financial Group from $34.00 to $30.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential downside of 0.89% from the company’s previous close.

KHC has been the topic of several other reports. Mizuho reduced their target price on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus reduced their target price on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating on the stock in a report on Friday, January 24th. TD Cowen reduced their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Evercore ISI reiterated an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their target price on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $34.43.

Kraft Heinz Stock Up 2.1 %

NASDAQ:KHC opened at $30.27 on Wednesday. Kraft Heinz has a 12-month low of $28.37 and a 12-month high of $38.96. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $36.60 billion, a P/E ratio of 27.27, a P/E/G ratio of 3.45 and a beta of 0.48. The stock’s fifty day simple moving average is $30.47 and its 200-day simple moving average is $33.07.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same period last year, the company earned $0.72 EPS. The firm’s revenue was down 2.8% on a year-over-year basis. Equities research analysts expect that Kraft Heinz will post 3 earnings per share for the current year.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction 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. The trade was a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kraft Heinz

A number of institutional investors have recently bought and sold shares of KHC. Sawyer & Company Inc acquired a new position in Kraft Heinz during the fourth quarter worth approximately $25,000. Fortitude Family Office LLC increased its position in Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz during the third quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after acquiring an additional 797 shares during the period. Finally, Bangor Savings Bank bought a new stake in shares of Kraft Heinz during the third quarter worth approximately $32,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

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.