Kraft Heinz (KHC) Price Target Cut to $74.00

Kraft Heinz (NASDAQ:KHC) had its price target cut by investment analysts at BMO Capital Markets from $82.00 to $74.00 in a report released on Tuesday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 9.68% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. BidaskClub lowered shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Saturday, December 30th. Jefferies Group initiated coverage on shares of Kraft Heinz in a report on Friday, January 19th. They issued a “buy” rating and a $95.00 price objective for the company. Vetr upgraded shares of Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 price objective for the company in a report on Monday, February 5th. Finally, Susquehanna Bancshares decreased their price objective on shares of Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $86.52.

Kraft Heinz (KHC) opened at $67.47 on Tuesday. Kraft Heinz has a 1-year low of $67.44 and a 1-year high of $95.00. The firm has a market cap of $82,210.00 and a P/E ratio of 7.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.72 and a quick ratio of 0.44.

Kraft Heinz (NASDAQ:KHC) last announced 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). Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Kraft Heinz’s revenue was up .3% on a year-over-year basis. analysts anticipate that Kraft Heinz will post 3.96 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Westside Investment Management Inc. grew its position in shares of Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after acquiring an additional 172 shares during the period. We Are One Seven LLC bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $107,000. Rational Advisors LLC bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $117,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Kraft Heinz during the 2nd quarter valued at $121,000. Finally, Cerebellum GP LLC bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $124,000. 62.49% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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