Stifel Nicolaus Cuts Kraft Heinz (NASDAQ:KHC) Price Target to $31.00

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

Other equities research analysts also recently issued reports about the stock. Evercore ISI reiterated an “in-line” rating and set a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Barclays cut their target price on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. UBS Group reduced their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, The Goldman Sachs Group dropped their price objective on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz has an average rating of “Hold” and an average target price of $31.29.

Kraft Heinz Stock Up 2.2 %

NASDAQ KHC opened at $29.25 on Thursday. The company has a market cap of $35.37 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 3.74 and a beta of 0.47. Kraft Heinz has a 1-year low of $27.25 and a 1-year high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $29.98 and a 200-day moving average of $32.80.

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

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.47%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Institutional Investors Weigh In On Kraft Heinz

Institutional investors have recently added to or reduced their stakes in the business. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz during the fourth quarter worth $25,000. Fortitude Family Office LLC lifted its holdings in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares during the period. Generali Investments Management Co LLC bought a new stake in shares of Kraft Heinz in the 4th quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz during the third quarter worth about $27,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Kraft Heinz in the fourth quarter worth approximately $29,000. 78.17% of the stock is 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.