Kraft Heinz (NASDAQ:KHC) Price Target Lowered to $30.00 at Jefferies Financial Group

Kraft Heinz (NASDAQ:KHC) had its target price cut by Jefferies Financial Group from $34.00 to $30.00 in a report released on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

KHC has been the topic of a number of other research reports. Mizuho cut their target price on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. UBS Group reduced their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company lowered their target price on 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. Evercore ISI restated an “in-line” rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $34.43.

Kraft Heinz Stock Up 0.2 %

Shares of NASDAQ:KHC opened at $29.66 on Wednesday. The business’s 50 day moving average is $30.49 and its 200 day moving average is $33.09. Kraft Heinz has a 12-month low of $28.37 and a 12-month high of $38.96. The stock has a market cap of $35.86 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 3.45 and a beta of 0.48. 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 (NASDAQ:KHC) last posted its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that Kraft Heinz will post 3 earnings per share for the current fiscal year.

Insider Transactions at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the completion of the transaction, the executive vice president now directly owns 168,195 shares in the company, valued at $5,626,122.75. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Kraft Heinz

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fortitude Family Office LLC boosted its stake in Kraft Heinz by 249.5% in 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. Ashton Thomas Securities LLC purchased a new stake in shares of Kraft Heinz in the 3rd quarter valued at $27,000. Sawyer & Company Inc bought a new position in shares of Kraft Heinz during the 4th quarter valued at $25,000. DiNuzzo Private Wealth Inc. raised its position in Kraft Heinz by 1,077.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after purchasing an additional 797 shares during the period. Finally, Bangor Savings Bank bought a new stake in Kraft Heinz in the third quarter worth $32,000. 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.