Kraft Heinz (NASDAQ:KHC) Given In-Line Rating at Evercore ISI

Kraft Heinz (NASDAQ:KHC - Get Free Report)'s stock had its "in-line" rating reiterated by stock analysts at Evercore ISI in a report released on Tuesday, Marketbeat.com reports. They presently have a $35.00 price objective on the stock, down from their previous price objective of $38.00. Evercore ISI's price target suggests a potential upside of 17.57% from the stock's previous close.

Other analysts have also issued reports about the stock. The Goldman Sachs Group decreased their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a "sell" rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and decreased their price objective for the company from $40.00 to $38.00 in a research report on Friday, October 25th. Citigroup decreased their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Barclays decreased 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. Finally, Mizuho decreased their price objective 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Kraft Heinz currently has a consensus rating of "Hold" and an average target price of $35.91.

Kraft Heinz Price Performance

Shares of KHC stock traded down $0.28 during mid-day trading on Tuesday, hitting $29.77. The company had a trading volume of 8,222,821 shares, compared to its average volume of 8,241,134. The company has a market capitalization of $36.00 billion, a P/E ratio of 26.82, a P/E/G ratio of 3.62 and a beta of 0.48. The stock's 50 day moving average price is $31.59 and its 200-day moving average price is $33.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. Kraft Heinz has a 52-week low of $29.71 and a 52-week high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.01. The business had revenue of $6.38 billion for the quarter, compared to analysts' expectations of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The business's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 earnings per share. Equities research analysts forecast that Kraft Heinz will post 3.01 earnings per share for the current year.

Insider Activity at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction 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 in the company, valued at $5,626,122.75. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kraft Heinz

Several institutional investors have recently bought and sold shares of KHC. Fortitude Family Office LLC boosted its holdings in Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company's stock valued at $26,000 after purchasing an additional 529 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz in the third quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. boosted its holdings in Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company's stock valued at $31,000 after purchasing an additional 797 shares in the last quarter. Bangor Savings Bank acquired a new position in Kraft Heinz in the third quarter valued at approximately $32,000. Finally, Capital Performance Advisors LLP purchased a new stake in Kraft Heinz in the third quarter valued at approximately $33,000. 78.17% of the stock is owned by institutional investors and hedge funds.

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.