News coverage about Kraft Heinz (NASDAQ:KHC) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kraft Heinz earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.0493424466669 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
KHC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. BMO Capital Markets cut their target price on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. BidaskClub upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup cut their price target on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Finally, Piper Jaffray Companies upgraded shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their price target for the company from $92.00 to $90.00 in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $92.49.
Shares of Kraft Heinz (NASDAQ:KHC) opened at $77.35 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The stock has a market cap of $94,230.00 and a price-to-earnings ratio of 24.10. Kraft Heinz has a 12-month low of $75.21 and a 12-month high of $97.77.
Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the business posted $0.83 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. sell-side analysts predict that Kraft Heinz will post 3.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.23%. The ex-dividend date was Thursday, November 16th. Kraft Heinz’s dividend payout ratio is currently 77.88%.
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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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