Kraft Heinz (NASDAQ:KHC)‘s stock had its “outperform” rating restated by Credit Suisse Group in a report issued on Tuesday. They presently have a $77.00 target price on the stock, down from their previous target price of $92.00. Credit Suisse Group’s price objective points to a potential upside of 12.10% from the stock’s current price.
KHC has been the topic of a number of other reports. BMO Capital Markets lowered their price target on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. Jefferies Group started coverage on Kraft Heinz in a research note on Friday, January 19th. They issued a “buy” rating and a $95.00 price target on the stock. BidaskClub lowered Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 30th. Bank of America set a $100.00 price objective on Kraft Heinz and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $86.52.
Shares of Kraft Heinz (NASDAQ:KHC) traded down $2.11 during trading hours on Tuesday, hitting $68.69. The stock had a trading volume of 8,714,700 shares, compared to its average volume of 4,857,782. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.72 and a quick ratio of 0.44. The firm has a market capitalization of $86,291.19, a price-to-earnings ratio of 7.62, a PEG ratio of 1.90 and a beta of 0.43. Kraft Heinz has a 12-month low of $67.65 and a 12-month high of $95.00.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.06). The firm had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.91 billion. Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share. analysts forecast that Kraft Heinz will post 3.96 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Westside Investment Management Inc. raised its position in Kraft Heinz by 16.6% in the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after purchasing an additional 172 shares during the period. We Are One Seven LLC purchased a new stake in shares of Kraft Heinz in the 4th quarter valued at $107,000. Rational Advisors LLC purchased a new stake in shares of Kraft Heinz in the 4th quarter valued at $117,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Kraft Heinz in the 2nd quarter valued at $121,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Kraft Heinz in the 4th quarter valued at $124,000. Institutional investors own 62.49% of the company’s stock.
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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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