Kraft Heinz (NASDAQ:KHC) Issues Quarterly Earnings Results

Kraft Heinz (NASDAQ:KHC - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06, Zacks reports. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. Kraft Heinz updated its FY 2025 guidance to 2.630-2.740 EPS.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded down $0.33 during trading on Friday, hitting $28.92. 9,271,761 shares of the company were exchanged, compared to its average volume of 9,310,077. The business's 50 day moving average is $29.90 and its 200-day moving average is $32.73. Kraft Heinz has a 1-year low of $27.25 and a 1-year high of $38.96. The company has a market capitalization of $34.97 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 3.74 and a beta of 0.47. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.53%. Kraft Heinz's payout ratio is currently 144.14%.

Wall Street Analyst Weigh In

KHC has been the subject of a number of research analyst reports. UBS Group reduced their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Bank of America downgraded Kraft Heinz from a "buy" rating to an "underperform" rating and decreased their price objective for the stock from $36.00 to $30.00 in a report on Thursday. The Goldman Sachs Group cut their target price on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research note on Thursday. Mizuho cut shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. Three research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $30.86.

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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.