Kraft Heinz (NASDAQ:KHC) Price Target Cut to $31.00 by Analysts at Stifel Nicolaus

Kraft Heinz (NASDAQ:KHC) had its target price lowered by Stifel Nicolaus from $32.00 to $31.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a hold rating on the stock.

KHC has been the topic of several other research reports. UBS Group dropped their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Jefferies Financial Group dropped their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company dropped their price target on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group dropped their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Trading Down 1.1 %

NASDAQ:KHC opened at $28.92 on Thursday. Kraft Heinz has a 52 week low of $27.25 and a 52 week 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’s 50 day moving average price is $29.90 and its 200-day moving average price is $32.74. The stock has a market cap of $34.97 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 3.74 and a beta of 0.47.

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

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.53%. Kraft Heinz’s dividend payout ratio is currently 144.14%.

Institutional Trading of Kraft Heinz

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. DoubleLine ETF Adviser LP increased its holdings in Kraft Heinz by 2.6% in the 4th quarter. DoubleLine ETF Adviser LP now owns 50,242 shares of the company’s stock valued at $1,543,000 after acquiring an additional 1,263 shares during the last quarter. Widmann Financial Services Inc. increased its holdings in Kraft Heinz by 9.2% in the 4th quarter. Widmann Financial Services Inc. now owns 7,725 shares of the company’s stock valued at $237,000 after acquiring an additional 650 shares during the last quarter. Parvin Asset Management LLC bought a new stake in Kraft Heinz in the 4th quarter valued at $255,000. Rehmann Capital Advisory Group increased its holdings in Kraft Heinz by 3.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 13,902 shares of the company’s stock valued at $427,000 after acquiring an additional 408 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Kraft Heinz by 12.6% in the 4th quarter. Northern Trust Corp now owns 9,289,691 shares of the company’s stock valued at $285,286,000 after acquiring an additional 1,039,885 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

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.