Stifel Nicolaus Has Lowered Expectations for Kraft Heinz (NASDAQ:KHC) Stock Price

Kraft Heinz (NASDAQ:KHC) had its price target reduced by equities research analysts at Stifel Nicolaus from $32.00 to $31.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 7.19% from the company’s current price.

KHC has been the topic of a number of other research reports. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $36.00 to $30.00 in a research report on Thursday. Mizuho cut Kraft Heinz from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $38.00 to $31.00 in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Citigroup cut Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $34.00 to $28.00 in a report on Thursday. Three equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.86.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $28.92 on Thursday. The business’s 50 day moving average price is $29.94 and its two-hundred day moving average price is $32.77. The company has a market cap of $34.97 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 3.74 and a beta of 0.47. 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 has a twelve month low of $27.25 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts predict that Kraft Heinz will post 3 EPS for the current year.

Institutional Investors Weigh In On Kraft Heinz

Several institutional investors have recently made changes to their positions in KHC. Charles Schwab Investment Management Inc. lifted its stake in Kraft Heinz by 11.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock worth $186,350,000 after purchasing an additional 545,504 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in Kraft Heinz by 52.5% during the third quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock worth $5,988,000 after purchasing an additional 58,665 shares during the last quarter. Brookstone Capital Management lifted its stake in Kraft Heinz by 229.8% during the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock worth $10,530,000 after purchasing an additional 238,913 shares during the last quarter. Easterly Investment Partners LLC lifted its stake in Kraft Heinz by 39.4% during the third quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock worth $5,529,000 after purchasing an additional 44,485 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in Kraft Heinz by 12.6% during the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock worth $17,132,000 after purchasing an additional 54,656 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

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.