Analysts Set The Kraft Heinz Company (NASDAQ:KHC) Target Price at $36.55

Shares of The Kraft Heinz Company (NASDAQ:KHC - Get Free Report) have earned an average recommendation of "Hold" from the eleven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $36.55.

KHC has been the subject of a number of research reports. Mizuho cut 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 note on Thursday, October 31st. Piper Sandler reaffirmed a "neutral" rating and set a $35.00 price objective (down from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lowered Kraft Heinz from a "buy" rating to a "hold" rating and lowered their target price for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Barclays reduced their price target on Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. Finally, Citigroup lowered their price objective on Kraft Heinz from $39.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, October 31st.

Insider Transactions at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the transaction, the executive vice president now owns 168,195 shares of the company's stock, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.32% of the company's stock.

Institutional Investors Weigh In On Kraft Heinz

Several hedge funds have recently made changes to their positions in the company. Fortitude Family Office LLC grew 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 worth $26,000 after purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Kraft Heinz in the 3rd quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. increased its position in Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company's stock valued at $31,000 after buying an additional 797 shares in the last quarter. Asset Dedication LLC raised its stake in Kraft Heinz by 94.8% during the second quarter. Asset Dedication LLC now owns 978 shares of the company's stock valued at $32,000 after buying an additional 476 shares during the last quarter. Finally, Bangor Savings Bank bought a new stake in Kraft Heinz in the third quarter worth $32,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Trading Up 0.1 %

NASDAQ KHC opened at $31.97 on Friday. The stock's 50-day simple moving average is $33.77 and its two-hundred day simple moving average is $34.13. Kraft Heinz has a twelve month low of $30.40 and a twelve month high of $38.96. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $38.66 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 3.65 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its 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 return on equity of 7.46% and a net margin of 5.24%. The company had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter in the previous year, the company posted $0.72 EPS. Kraft Heinz's quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts forecast that Kraft Heinz will post 3.01 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.00%. Kraft Heinz's dividend payout ratio (DPR) is presently 144.14%.

Kraft Heinz Company Profile

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.