Wells Fargo & Company Issues Positive Forecast for Kraft Heinz (NASDAQ:KHC) Stock Price

Kraft Heinz (NASDAQ:KHC) had its price target upped by equities research analysts at Wells Fargo & Company from $23.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential downside of 1.19% from the stock’s previous close.

Other analysts also recently issued reports about the company. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. Jefferies Financial Group lowered their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a report on Thursday, April 23rd. Finally, BTIG Research initiated coverage on shares of Kraft Heinz in a research report on Monday, April 13th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of “Reduce” and an average target price of $23.00.

Kraft Heinz Stock Up 1.9%

KHC stock opened at $25.30 on Wednesday. Kraft Heinz has a one year low of $21.03 and a one year high of $29.19. The firm has a market cap of $30.00 billion, a PE ratio of -5.21 and a beta of 0.09. The firm’s 50 day moving average price is $23.52 and its 200-day moving average price is $23.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. During the same period in the prior year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities research analysts anticipate that Kraft Heinz will post 2.07 EPS for the current year.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the sale, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. This represents a 15.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of Kraft Heinz

Several hedge funds have recently modified their holdings of KHC. Vanguard Group Inc. boosted its holdings in Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after purchasing an additional 616,283 shares during the period. Invesco Ltd. raised its position in Kraft Heinz by 10.5% in the 4th quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock valued at $478,347,000 after purchasing an additional 1,870,310 shares in the last quarter. Auto Owners Insurance Co boosted its stake in shares of Kraft Heinz by 3,034.1% in the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock valued at $39,957,000 after buying an additional 15,951,271 shares during the period. Nordea Investment Management AB grew its position in shares of Kraft Heinz by 0.8% during the fourth quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock worth $336,134,000 after buying an additional 106,970 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Kraft Heinz during the fourth quarter worth about $332,382,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.