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. Shareholders of record on Friday, March 7th will be paid a dividend of 0.40 per share on Friday, March 28th. This represents a $1.60 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date is Friday, March 7th.

Kraft Heinz has a dividend payout ratio of 50.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kraft Heinz to earn $3.02 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 53.0%.

Kraft Heinz Price Performance

NASDAQ KHC opened at $29.25 on Friday. Kraft Heinz has a 52 week low of $27.25 and a 52 week high of $38.96. The firm has a market capitalization of $35.37 billion, a P/E ratio of 26.35, a PEG 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. The company has a 50-day moving average price of $29.98 and a 200-day moving average price of $32.80.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KHC shares. Evercore ISI reaffirmed an “in-line” rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $34.00 to $28.00 in a report on Thursday. The Goldman Sachs Group reduced their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a report on Thursday. Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday. 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.29.

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.