The Kraft Heinz Company (KHC) to Issue Quarterly Dividend of $0.40 on March 28th

The Kraft Heinz Company (NASDAQ:KHC) declared a quarterly dividend on Wednesday, February 12th, RTT News reports. Investors of record on Friday, March 7th will be given a dividend of 0.40 per share on Friday, March 28th. This represents a $1.60 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend is Friday, March 7th.

Kraft Heinz has a payout ratio of 56.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kraft Heinz to earn $2.82 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 56.7%.

Kraft Heinz Trading Down 1.1 %

Shares of KHC opened at $30.98 on Wednesday. The firm has a market capitalization of $37.02 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 3.39 and a beta of 0.40. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. Kraft Heinz has a 1-year low of $27.25 and a 1-year high of $38.96. The firm’s 50-day moving average price is $29.80 and its 200-day moving average price is $32.35.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Sell-side analysts anticipate that Kraft Heinz will post 2.68 EPS for the current year.

Wall Street Analyst Weigh In

KHC has been the topic of several research reports. The Goldman Sachs Group decreased their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus cut their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group cut their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company reduced their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Finally, UBS Group dropped their price target on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.86.

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.