Barclays Cuts Kraft Heinz (KHC) Price Target to $73.00

Kraft Heinz (NASDAQ:KHC) had its price objective decreased by Barclays from $80.00 to $73.00 in a research note published on Thursday. Barclays currently has an overweight rating on the stock.

Other analysts have also issued reports about the stock. DZ Bank upgraded shares of Kraft Heinz from a hold rating to a buy rating in a report on Tuesday, February 20th. Jefferies Group restated a buy rating and issued a $95.00 price objective on shares of Kraft Heinz in a report on Friday, February 16th. Bank of America set a $100.00 price objective on shares of Kraft Heinz and gave the stock a buy rating in a report on Thursday, February 15th. Morgan Stanley set a $88.00 price objective on shares of Kraft Heinz and gave the stock a buy rating in a report on Wednesday, February 14th. Finally, UBS set a $80.00 price objective on shares of Kraft Heinz and gave the stock a buy rating in a report on Tuesday, February 20th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Kraft Heinz currently has an average rating of Buy and a consensus target price of $85.37.

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Shares of NASDAQ:KHC opened at $62.29 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 0.43. Kraft Heinz has a one year low of $59.95 and a one year high of $93.88. The stock has a market capitalization of $75,923.79, a price-to-earnings ratio of 17.55, a P/E/G ratio of 1.69 and a beta of 0.58.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same quarter last year, the business earned $0.08 earnings per share. The business’s quarterly revenue was up .3% on a year-over-year basis. sell-side analysts predict that Kraft Heinz will post 3.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were issued a dividend of $0.625 per share. The ex-dividend date was Thursday, March 8th. This represents a $2.50 annualized dividend and a dividend yield of 4.01%. Kraft Heinz’s payout ratio is 70.42%.

Hedge funds have recently added to or reduced their stakes in the company. We Are One Seven LLC purchased a new position in Kraft Heinz in the 4th quarter worth approximately $107,000. Rational Advisors LLC purchased a new position in Kraft Heinz in the 4th quarter worth approximately $117,000. Cerebellum GP LLC purchased a new position in Kraft Heinz in the 4th quarter worth approximately $124,000. Oakworth Capital Inc. raised its holdings in Kraft Heinz by 76.5% in the 4th quarter. Oakworth Capital Inc. now owns 1,742 shares of the company’s stock worth $141,000 after acquiring an additional 755 shares during the last quarter. Finally, Truewealth LLC purchased a new position in Kraft Heinz in the 4th quarter worth approximately $143,000. Hedge funds and other institutional investors own 63.22% of the company’s stock.

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Kraft Heinz Company Profile

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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