KHC has been the subject of several other research reports. BMO Capital Markets decreased their price objective on shares of Kraft Heinz from $96.00 to $82.00 and set a market perform rating for the company in a research note on Thursday, November 2nd. BidaskClub raised shares of Kraft Heinz from a strong sell rating to a sell rating in a research note on Thursday, October 26th. Jefferies Group began coverage on shares of Kraft Heinz in a research note on Friday, January 19th. They set a buy rating and a $95.00 price target for the company. Zacks Investment Research raised shares of Kraft Heinz from a sell rating to a hold rating in a research note on Tuesday, October 31st. Finally, Credit Suisse Group reaffirmed an outperform rating and set a $90.00 price target (down previously from $100.00) on shares of Kraft Heinz in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $91.89.
Shares of Kraft Heinz (NASDAQ KHC) opened at $70.80 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The stock has a market cap of $84,000.00 and a PE ratio of 21.72. Kraft Heinz has a 12 month low of $67.65 and a 12 month high of $97.77.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.91 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. equities analysts forecast that Kraft Heinz will post 3.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.53%. Kraft Heinz’s payout ratio is 76.69%.
A number of hedge funds have recently modified their holdings of the stock. Symphony Asset Management LLC grew its holdings in shares of Kraft Heinz by 15.6% during the second quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock valued at $2,772,000 after buying an additional 4,377 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Kraft Heinz by 40.9% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock valued at $519,000 after buying an additional 1,760 shares during the last quarter. U S Global Investors Inc. purchased a new stake in shares of Kraft Heinz during the second quarter valued at $388,000. Iberiabank Corp grew its holdings in shares of Kraft Heinz by 7.4% during the third quarter. Iberiabank Corp now owns 20,479 shares of the company’s stock valued at $1,588,000 after buying an additional 1,415 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Kraft Heinz by 1.2% during the second quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock valued at $3,651,416,000 after buying an additional 487,241 shares during the last quarter. 61.93% of the stock is currently owned by institutional investors.
Kraft Heinz Company Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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