Piper Sandler Lowers Kraft Heinz (NASDAQ:KHC) Price Target to $40.00

Kraft Heinz (NASDAQ:KHC) had its target price decreased by equities researchers at Piper Sandler from $41.00 to $40.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 19.44% from the stock’s previous close.

Several other equities analysts have also weighed in on KHC. Barclays lifted their target price on shares of Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Evercore ISI lowered their target price on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Bank of America cut their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company increased their price target on Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $35.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.15.

Kraft Heinz Trading Up 0.1 %

Shares of Kraft Heinz stock opened at $33.49 on Thursday. The stock has a market cap of $40.49 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 3.30 and a beta of 0.49. The firm has a fifty day moving average price of $35.15 and a 200 day moving average price of $34.83. Kraft Heinz has a 1 year low of $31.58 and a 1 year high of $38.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.53.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. Equities research analysts predict that Kraft Heinz will post 3.01 earnings per share for the current year.

Institutional Trading of Kraft Heinz

Several large investors have recently bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new position in shares of Kraft Heinz during the 1st quarter worth approximately $27,000. Fortitude Family Office LLC lifted its position in 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. DiNuzzo Private Wealth Inc. boosted its stake in Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after buying an additional 797 shares during the last quarter. Bangor Savings Bank purchased a new stake in Kraft Heinz in the 3rd quarter valued at $32,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Kraft Heinz in the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

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.