The Kraft Heinz Company was downgraded from Overweight to Neutral by an analyst, with the price target lowered from $40 to $35. Kraft Heinz shares closed at $31.07 on Monday.
On Nov. 13, The Kraft Heinz Company's board declared a regular quarterly dividend of 50 cents per share on its common stock.
The Kraft Heinz Co. engages in the manufacture and market of food and beverage products. It operates through the North America and International geographical segments. The company was founded on July 2, 2015, and is headquartered in Pittsburgh, PA.