Kraft Heinz (NASDAQ:KHC) Price Target Lowered to $27.00 at HSBC

by · The Cerbat Gem

Kraft Heinz (NASDAQ:KHC – Get Free Report) had its price objective decreased by stock analysts at HSBC from $29.00 to $27.00 in a research note issued on Thursday,MarketScreener reports. HSBC’s target price indicates a potential upside of 9.14% from the stock’s current price.

Several other equities analysts have also commented on KHC. Mizuho reduced their price objective on Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Sanford C. Bernstein reduced their price target on shares of Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 28th. Hsbc Global Res raised shares of Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. Jefferies Financial Group lowered their price objective on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, October 15th. Finally, Stifel Nicolaus reduced their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $26.58.

Read Our Latest Stock Report on KHC

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $24.74 on Thursday. The company’s fifty day moving average price is $26.06 and its 200-day moving average price is $26.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The firm has a market capitalization of $29.28 billion, a price-to-earnings ratio of -6.63, a PEG ratio of 2.88 and a beta of 0.16. Kraft Heinz has a one year low of $24.10 and a one year high of $34.08.

Kraft Heinz (NASDAQ:KHC – Get Free Report) last announced its earnings results on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The company had revenue of $6.39 billion during the quarter. On average, equities research analysts anticipate that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kraft Heinz

A number of hedge funds have recently modified their holdings of the company. Rossby Financial LCC bought a new stake in shares of Kraft Heinz in the first quarter worth about $29,000. Rakuten Securities Inc. lifted its holdings in Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after buying an additional 788 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Kraft Heinz in the 1st quarter worth approximately $33,000. Cape Investment Advisory Inc. increased its stake in shares of Kraft Heinz by 164.7% during the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after buying an additional 807 shares during the period. Finally, Investment Management Corp VA ADV raised its holdings in shares of Kraft Heinz by 141.7% during the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock valued at $35,000 after acquiring an additional 669 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

About Kraft Heinz

(Get Free Report)

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.

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