Press coverage about Kraft Heinz (NASDAQ:KHC) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kraft Heinz earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.1950404351657 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Dump Kraft Heinz: 4 Food Stocks to Satisfy Investors’ Hunger (msn.com)
- Kraft Heinz Co (KHC) Hits Major Double Bottom Support (inthemoneystocks.com)
- Stock Roundup – The Kraft Heinz Company (KHC) – android media cell (androidmediacell.com)
- Look for Shares of Kraft Heinz Co/T to Potentially Rebound after Yesterday’s 1.10% Sell Off (mysmartrend.com)
- Is technical analysis on The Kraft Heinz Company (KHC) is useful? – Wall Street Morning (wallstreetmorning.com)
Shares of KHC stock traded down $1.19 during trading on Wednesday, reaching $61.99. 7,088,451 shares of the company were exchanged, compared to its average volume of 5,087,973. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 0.43. Kraft Heinz has a 12-month low of $61.75 and a 12-month high of $93.88. The stock has a market cap of $77,947.12, a PE ratio of 6.92, a price-to-earnings-growth ratio of 1.73 and a beta of 0.58.
Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Friday, February 16th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Kraft Heinz had a net margin of 41.93% and a return on equity of 7.20%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share. analysts predict that Kraft Heinz will post 3.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.625 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.50 dividend on an annualized basis and a yield of 4.03%. Kraft Heinz’s payout ratio is currently 27.90%.
Several research analysts have weighed in on the company. Societe Generale assumed coverage on Kraft Heinz in a report on Thursday, March 15th. They issued a “sell” rating for the company. Zacks Investment Research downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th. Argus reiterated a “buy” rating and issued a $74.00 price target (down from $93.00) on shares of Kraft Heinz in a report on Wednesday, March 7th. Credit Suisse Group upgraded Kraft Heinz to a “buy” rating and set a $77.00 price target for the company in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $81.00 price target (down from $87.00) on shares of Kraft Heinz in a report on Tuesday, February 20th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $85.78.
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About Kraft Heinz
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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