The Kraft Heinz Company Plans Quarterly Dividend of $0.40 (NASDAQ:KHC)

The Kraft Heinz Company (NASDAQ:KHC) announced a quarterly dividend on Wednesday, October 30th,RTT News reports. Investors of record on Friday, November 29th will be paid a dividend of 0.40 per share on Friday, December 27th. This represents a $1.60 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Friday, November 29th.

Kraft Heinz has a dividend payout ratio of 52.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kraft Heinz to earn $3.07 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 52.1%.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $31.97 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The stock has a market cap of $38.66 billion, a PE ratio of 28.80, a P/E/G ratio of 3.66 and a beta of 0.49. Kraft Heinz has a 12-month low of $30.40 and a 12-month high of $38.96. The business’s 50-day moving average price is $33.95 and its two-hundred day moving average price is $34.19.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. As a group, analysts expect that Kraft Heinz will post 3.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KHC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Barclays cut their price target on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group lowered their price objective on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. Mizuho cut their target price on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company upped their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.55.

Insider Buying and Selling

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the sale, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is owned by insiders.

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.