Kraft Heinz (NASDAQ:KHC) Sets New 1-Year Low – Time to Sell?

The Kraft Heinz Company (NASDAQ:KHC) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $27.25 and last traded at $28.21, with a volume of 2707896 shares. The stock had previously closed at $29.58.

Analyst Ratings Changes

Several analysts recently commented on the stock. Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Piper Sandler reaffirmed a “neutral” rating and issued a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. JPMorgan Chase & Co. lowered their price target on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company reduced their price objective on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group lowered their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.36.

Kraft Heinz Trading Down 3.1 %

The company has a market cap of $34.66 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 3.74 and a beta of 0.47. The business has a fifty day simple moving average of $30.02 and a 200 day simple moving average of $32.83. 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 announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating 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 analysts anticipate that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.58%. Kraft Heinz’s payout ratio is currently 144.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth approximately $66,000. Cornercap Investment Counsel Inc. increased its position in Kraft Heinz by 37.9% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 51,748 shares of the company’s stock worth $1,589,000 after buying an additional 14,232 shares in the last quarter. Allstate Corp acquired a new position in shares of Kraft Heinz in the fourth quarter worth $824,000. Maridea Wealth Management LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at $483,000. Finally, New Age Alpha Advisors LLC boosted its stake in shares of Kraft Heinz by 7,796.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 34,192 shares of the company’s stock valued at $1,050,000 after acquiring an additional 33,759 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

About Kraft Heinz

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.