Barclays Issues Pessimistic Forecast for Kraft Heinz (NASDAQ:KHC) Stock Price

Kraft Heinz (NASDAQ:KHC) had its target price dropped by research analysts at Barclays from $33.00 to $29.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 0.28% from the company’s current price.

KHC has been the topic of several other research reports. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their target price for the company from $36.00 to $30.00 in a research report on Thursday. TD Cowen decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Jefferies Financial Group decreased their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Stifel Nicolaus decreased their target price on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $28.92 on Friday. The business’s 50 day moving average price is $29.90 and its two-hundred day moving average price is $32.74. The company has a market cap of $34.97 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 3.74 and a beta of 0.47. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. Kraft Heinz has a twelve month low of $27.25 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. On average, analysts predict that Kraft Heinz will post 3 EPS for the current year.

Institutional Investors Weigh In On Kraft Heinz

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz during the fourth quarter worth $25,000. Fortitude Family Office LLC increased its holdings in shares of Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares in the last quarter. Generali Investments Management Co LLC acquired a new position in shares of Kraft Heinz during the fourth quarter worth $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Kraft Heinz during the third quarter worth $27,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Kraft Heinz during the fourth quarter worth $29,000. 78.17% of the stock is currently owned by institutional investors.

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.