Kraft Heinz Co (KHC) Receives $66.89 Consensus PT from Analysts

Kraft Heinz Co (NASDAQ:KHC) has been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $66.89.

Several equities research analysts recently weighed in on KHC shares. Zacks Investment Research cut Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. ValuEngine upgraded Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Friday, October 19th. BidaskClub upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. BMO Capital Markets cut their price target on Kraft Heinz from $67.00 to $61.00 and set a “market perform” rating on the stock in a research report on Monday, November 5th. Finally, Royal Bank of Canada cut their price target on Kraft Heinz to $68.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its position in shares of Kraft Heinz by 34.4% in the second quarter. FMR LLC now owns 8,254,817 shares of the company’s stock valued at $518,567,000 after acquiring an additional 2,111,198 shares in the last quarter. Levin Capital Strategies L.P. purchased a new stake in shares of Kraft Heinz in the third quarter valued at $84,501,000. Vanguard Group Inc lifted its position in shares of Kraft Heinz by 2.5% in the third quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after acquiring an additional 1,123,288 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Kraft Heinz by 2.5% in the third quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after acquiring an additional 1,123,288 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Kraft Heinz by 35.5% in the third quarter. Mackenzie Financial Corp now owns 3,876,518 shares of the company’s stock valued at $213,635,000 after acquiring an additional 1,016,147 shares in the last quarter. Institutional investors own 62.62% of the company’s stock.

Shares of KHC opened at $45.61 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.57. The stock has a market capitalization of $55.03 billion, a PE ratio of 12.85, a P/E/G ratio of 2.19 and a beta of 0.65. Kraft Heinz has a 1 year low of $41.60 and a 1 year high of $80.67.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). The company had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Kraft Heinz had a net margin of 39.56% and a return on equity of 6.62%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. As a group, sell-side analysts expect that Kraft Heinz will post 3.62 EPS for the current year.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

Further Reading: Preferred Stock

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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