Heinz (NASDAQ:KHC) – Investment analysts at Piper Jaffray lowered their Q1 2018 earnings per share (EPS) estimates for Heinz in a note issued to investors on Tuesday, April 17th. Piper Jaffray analyst M. Lavery now expects that the company will post earnings of $0.83 per share for the quarter, down from their previous estimate of $0.85. Piper Jaffray has a “Buy” rating and a $75.00 price objective on the stock. Piper Jaffray also issued estimates for Heinz’s Q2 2018 earnings at $0.98 EPS, Q3 2019 earnings at $0.95 EPS and FY2019 earnings at $3.90 EPS.
Other research analysts have also recently issued research reports about the stock. Morgan Stanley set a $73.00 target price on shares of Heinz and gave the stock a “buy” rating in a report on Wednesday. Societe Generale initiated coverage on shares of Heinz in a report on Thursday, March 15th. They issued a “sell” rating for the company. Barclays dropped their price objective on shares of Heinz from $80.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, March 29th. Zacks Investment Research upgraded shares of Heinz from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $77.00 price objective (down previously from $92.00) on shares of Heinz in a report on Tuesday, February 20th. Five analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $83.72.
KHC stock opened at $60.79 on Thursday. The stock has a market capitalization of $75,192.46, a PE ratio of 17.12, a P/E/G ratio of 1.68 and a beta of 0.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.72 and a quick ratio of 0.44. Heinz has a 12 month low of $59.48 and a 12 month high of $93.88.
Heinz (NASDAQ:KHC) last posted its earnings results on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.91 billion. Heinz had a return on equity of 7.20% and a net margin of 41.93%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $0.08 EPS.
A number of institutional investors have recently added to or reduced their stakes in KHC. Aspen Investment Management Inc grew its position in shares of Heinz by 17.6% during the 3rd quarter. Aspen Investment Management Inc now owns 4,334 shares of the company’s stock worth $336,000 after buying an additional 650 shares during the period. Compton Capital Management Inc. RI grew its position in shares of Heinz by 15.1% during the 4th quarter. Compton Capital Management Inc. RI now owns 5,340 shares of the company’s stock worth $415,000 after buying an additional 700 shares during the period. GW&K Investment Management LLC grew its position in shares of Heinz by 6.1% during the 4th quarter. GW&K Investment Management LLC now owns 12,200 shares of the company’s stock worth $949,000 after buying an additional 704 shares during the period. Profund Advisors LLC grew its position in shares of Heinz by 0.9% during the 4th quarter. Profund Advisors LLC now owns 78,886 shares of the company’s stock worth $6,134,000 after buying an additional 705 shares during the period. Finally, Flagship Harbor Advisors LLC grew its position in shares of Heinz by 9.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 8,129 shares of the company’s stock worth $639,000 after buying an additional 710 shares during the period. Hedge funds and other institutional investors own 63.25% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were issued a dividend of $0.625 per share. The ex-dividend date was Thursday, March 8th. This represents a $2.50 annualized dividend and a yield of 4.11%. Heinz’s payout ratio is 70.42%.
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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