Brokerages Set The Kraft Heinz Company (NASDAQ:KHC) Target Price at $37.25

Shares of The Kraft Heinz Company (NASDAQ:KHC - Get Free Report) have been given an average rating of "Hold" by the twelve brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $37.25.

Several brokerages have recently commented on KHC. Wells Fargo & Company boosted their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an "equal weight" rating in a research note on Thursday, August 1st. Piper Sandler reduced their target price on shares of Kraft Heinz from $41.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Citigroup reduced their target price on shares of Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a "buy" rating to a "hold" rating and cut their price target for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Finally, Evercore ISI cut their price target on Kraft Heinz from $42.00 to $38.00 and set an "overweight" rating for the company in a report on Wednesday, July 31st.

Hedge Funds Weigh In On Kraft Heinz

Several institutional investors and hedge funds have recently modified their holdings of KHC. MADDEN SECURITIES Corp boosted its position in Kraft Heinz by 2.4% during the 3rd quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company's stock worth $448,000 after acquiring an additional 303 shares during the last quarter. HB Wealth Management LLC boosted its position in Kraft Heinz by 2.5% during the 2nd quarter. HB Wealth Management LLC now owns 13,013 shares of the company's stock worth $419,000 after acquiring an additional 314 shares during the last quarter. Axiom Advisory LLC boosted its position in Kraft Heinz by 5.2% during the 3rd quarter. Axiom Advisory LLC now owns 6,594 shares of the company's stock worth $227,000 after acquiring an additional 327 shares during the last quarter. Norden Group LLC boosted its position in Kraft Heinz by 3.8% during the 2nd quarter. Norden Group LLC now owns 9,321 shares of the company's stock worth $300,000 after acquiring an additional 339 shares during the last quarter. Finally, Valley Wealth Managers Inc. boosted its position in Kraft Heinz by 46.4% during the 2nd quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the company's stock worth $35,000 after acquiring an additional 340 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

KHC stock traded up $0.13 on Tuesday, reaching $33.51. 7,835,256 shares of the company were exchanged, compared to its average volume of 7,773,386. Kraft Heinz has a 12 month low of $31.58 and a 12 month high of $38.96. The stock's fifty day moving average price is $35.05 and its 200 day moving average price is $34.75. The firm has a market capitalization of $40.52 billion, a PE ratio of 30.19, a PEG ratio of 3.82 and a beta of 0.49. 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 (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, topping 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 quarter in the previous year, the company earned $0.72 earnings per share. The business's revenue was down 2.8% compared to the same quarter last year. On average, research analysts anticipate that Kraft Heinz will post 3.01 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 4.77%. Kraft Heinz's dividend payout ratio is presently 144.14%.

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.