Kraft Heinz (NASDAQ:KHC) Price Target Raised to $26.00

Kraft Heinz (NASDAQ:KHC – Get Free Report) had its price objective increased by equities research analysts at UBS Group from $24.00 to $26.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group‘s price objective suggests a potential upside of 2.54% from the stock’s previous close.

Several other equities analysts have also recently commented on KHC. Weiss Ratings cut Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Barclays lowered their target price on shares of Kraft Heinz from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $32.00 price target on shares of Kraft Heinz in a report on Thursday, September 24th. Jefferies Financial Group restated a “hold” rating and set a $24.00 target price on shares of Kraft Heinz in a report on Wednesday. Finally, Evercore set a $24.00 target price on Kraft Heinz in a research note on Thursday, August 6th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $23.80.

Check Out Our Latest Analysis on KHC

Kraft Heinz Stock Down 0.3%

NASDAQ:KHC traded down $0.09 during mid-day trading on Thursday, reaching $25.36. The stock had a trading volume of 18,926,428 shares, compared to its average volume of 15,778,868. Kraft Heinz has a fifty-two week low of $21.03 and a fifty-two week high of $28.09. The business’s 50 day moving average is $24.02 and its 200 day moving average is $23.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The stock has a market cap of $30.07 billion, a P/E ratio of -8.87, a PEG ratio of 2.99 and a beta of 0.12.

Kraft Heinz (NASDAQ:KHC – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.11. The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. As a group, sell-side analysts predict that Kraft Heinz will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new stake in shares of Kraft Heinz during the first quarter worth $27,000. Hara Capital LLC acquired a new position in shares of Kraft Heinz during the second quarter valued at $29,000. Fiduciary Financial Advisors bought a new position in Kraft Heinz in the second quarter valued at about $33,000. Reyes Financial Architecture Inc. boosted its stake in shares of Kraft Heinz by 5,820.8% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,421 shares of the company’s stock valued at $32,000 after purchasing an additional 1,397 shares during the last quarter. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in Kraft Heinz during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

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About Kraft Heinz

(Get Free Report)

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company’s brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.

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