Kraft Heinz (NASDAQ:KHC) Hits New 12-Month Low - Should You Sell?

The Kraft Heinz Company (NASDAQ:KHC - Get Free Report)'s stock price reached a new 52-week low on Friday . The company traded as low as $30.98 and last traded at $31.13, with a volume of 1235656 shares. The stock had previously closed at $31.79.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Kraft Heinz from $38.00 to $37.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 31st. Barclays dropped their target price on Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. Piper Sandler cut their price objective on shares of Kraft Heinz from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Mizuho cut their price target on shares of Kraft Heinz from $43.00 to $41.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Finally, Stifel Nicolaus downgraded Kraft Heinz from a "buy" rating to a "hold" rating and reduced their target price for the company from $40.00 to $38.00 in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Kraft Heinz has an average rating of "Hold" and an average target price of $37.00.

Kraft Heinz Stock Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The firm has a 50 day moving average of $34.62 and a two-hundred day moving average of $34.52. The stock has a market cap of $37.65 billion, a PE ratio of 28.05, a PEG ratio of 3.67 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.01. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same period last year, the firm posted $0.72 EPS. The company's revenue was down 2.8% on a year-over-year basis. Research analysts predict that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 5.14%. Kraft Heinz's dividend payout ratio is presently 144.14%.

Insider Buying and Selling at Kraft Heinz

In other 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 completion of the sale, the executive vice president now directly owns 168,195 shares of the company's stock, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kraft Heinz

Several institutional investors have recently added to or reduced their stakes in KHC. Bleakley Financial Group LLC increased its stake in shares of Kraft Heinz by 6.8% during the first quarter. Bleakley Financial Group LLC now owns 13,267 shares of the company's stock worth $490,000 after acquiring an additional 842 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Kraft Heinz by 43.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 170,253 shares of the company's stock worth $6,282,000 after purchasing an additional 51,876 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of Kraft Heinz by 11.1% in the 1st quarter. Kingsview Wealth Management LLC now owns 17,470 shares of the company's stock valued at $645,000 after buying an additional 1,751 shares during the period. HBK Sorce Advisory LLC purchased a new stake in shares of Kraft Heinz in the first quarter valued at approximately $212,000. Finally, Blair William & Co. IL grew its holdings in Kraft Heinz by 2.4% during the first quarter. Blair William & Co. IL now owns 226,868 shares of the company's stock worth $8,371,000 after acquiring an additional 5,336 shares during the period. Institutional investors and hedge funds 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.