Kraft Heinz (KHC) Stock Forecast & Price Target

$31.81 +0.72 (+2.32%)

(As of 11/22/2024 ET)

Kraft Heinz - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 11 Analyst Ratings

Sell
1

Hold
6

Buy
4

Based on 11 Wall Street analysts who have issued ratings for Kraft Heinz in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 1 has given a sell rating, 6 have given a hold rating, and 4 have given a buy rating for KHC.

Consensus Price Target

$36.55
14.89% Upside

According to the 11 analysts' twelve-month price targets for Kraft Heinz, the average price target is $36.55. The highest price target for KHC is $41.00, while the lowest price target for KHC is $32.00. The average price target represents a forecasted upside of 14.89% from the current price of $31.81.

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KHC Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$36.55	$37.58	$37.31	$40.50
Forecasted Upside	14.89% Upside	8.18% Upside	3.83% Upside	15.91% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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KHC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

KHC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Kraft Heinz Stock vs. The Competition

Type	Kraft Heinz	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.27	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	14.89% Upside	35.59% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent KHC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/19/2024	Piper Sandler 2 of 5 stars		Reiterated Rating	Overweight ➝ Neutral	$40.00 ➝ $35.00	+12.65%
11/1/2024	Barclays 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$36.00 ➝ $35.00	+4.60%
10/31/2024	Citigroup 3 of 5 stars		Lower Target	Buy ➝ Buy	$39.00 ➝ $38.00	+13.57%
10/31/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$43.00 ➝ $41.00	+20.69%
10/31/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Jordan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sell ➝ Sell	$34.00 ➝ $32.00	-5.13%
10/31/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$39.00 ➝ $35.00	+3.77%
Get the Latest News and Ratings for KHC and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Kraft Heinz and its competitors with MarketBeat's FREE daily newsletter.
10/25/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$40.00 ➝ $38.00	+8.48%
8/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$34.00 ➝ $35.00	-0.31%
7/31/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$38.00 ➝ $37.00	+9.34%
7/31/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$42.00 ➝ $38.00	+12.29%
7/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$42.00 ➝ $38.00	+19.05%
11/14/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$40.00	+20.34%
11/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$39.00 ➝ $36.00	+7.43%
9/22/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$38.00	+10.18%
9/13/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$35.00	+4.29%
2/16/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underperform	$36.00 ➝ $38.00	-5.00%
2/16/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$37.00 ➝ $40.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:37 PM ET.

Should I Buy Kraft Heinz Stock? KHC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these Kraft Heinz pros and cons to contact@marketbeat.com.

Kraft Heinz
Bull Case

Here are some ways that investors could benefit from investing in The Kraft Heinz Company:

The Kraft Heinz Company recently reported earnings per share (EPS) of $0.75, exceeding analysts' expectations of $0.74, indicating strong financial performance and potential for growth.
The company declared a quarterly dividend of $0.40 per share, which translates to an annualized dividend of $1.60 and a yield of 5.14%. This consistent dividend payment can provide a steady income stream for investors.
Despite a slight decline in quarterly revenue, the company is projected to post an EPS of 3.01 for the current year, suggesting potential for recovery and growth in profitability.
The current stock price is approximately $33.45, which may present a buying opportunity for investors looking for value in a well-established company.
The Kraft Heinz Company has a return on equity of 7.46%, indicating effective management and the ability to generate profits from shareholders' equity, which is a positive sign for potential investors.

Kraft Heinz
Bear Case

Investors should be bearish about investing in The Kraft Heinz Company for these reasons:

The company's revenue for the quarter was down 2.8% compared to the same quarter last year, which may indicate challenges in maintaining sales growth.
The payout ratio is currently at 144.14%, suggesting that the company is paying out more in dividends than it is earning, which could be unsustainable in the long run.
Several analysts have downgraded their ratings on the stock, with target prices being reduced, indicating a lack of confidence in the stock's short-term performance.
Insider selling activity has been noted, with an executive vice president selling 45,000 shares, which could signal a lack of confidence in the company's future prospects.
The stock currently has an average rating of "Hold," which may suggest that analysts are not optimistic about significant price appreciation in the near term.

KHC Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Kraft Heinz is $36.55, with a high forecast of $41.00 and a low forecast of $32.00.
: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kraft Heinz in the last year. There is currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" KHC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KHC, but not buy additional shares or sell existing shares.
: According to analysts, Kraft Heinz's stock has a predicted upside of 14.89% based on their 12-month stock forecasts.
: Over the previous 90 days, Kraft Heinz's stock had 2 downgrades by analysts.
: Kraft Heinz has been rated by research analysts at Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Mizuho, Piper Sandler, Stifel Nicolaus, and The Goldman Sachs Group in the past 90 days.
: Analysts like Kraft Heinz less than other "consumer staples" companies. The consensus rating score for Kraft Heinz is 2.27 while the average consensus rating score for "consumer staples" companies is 2.49. Learn more on how KHC compares to other companies.

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This page (NASDAQ:KHC) was last updated on 11/24/2024 by MarketBeat.com Staff

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Kraft Heinz (KHC) Stock Forecast & Price Target