Shares of Kraft Heinz Co (NASDAQ:KHC) have received an average recommendation of “Buy” from the twenty-two research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $86.52.
A number of research firms have commented on KHC. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. BMO Capital Markets reduced their price objective 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. BidaskClub lowered Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 30th. Vetr raised Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 price objective on the stock in a research note on Monday, February 5th. Finally, Jefferies Group began coverage on Kraft Heinz in a research note on Friday, January 19th. They issued a “buy” rating and a $95.00 price objective on the stock.
Hedge funds have recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its holdings 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 last quarter. We Are One Seven LLC bought a new stake in shares of Kraft Heinz in the fourth quarter worth about $107,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Kraft Heinz in the second quarter worth about $121,000. Rational Advisors LLC bought a new stake in shares of Kraft Heinz in the fourth quarter worth about $117,000. Finally, Cerebellum GP LLC bought a new stake in shares of Kraft Heinz in the fourth quarter worth about $124,000. Institutional investors own 62.49% of the company’s stock.
Shares of Kraft Heinz (NASDAQ KHC) traded up $0.17 during mid-day trading on Tuesday, reaching $67.64. The company had a trading volume of 5,971,900 shares, compared to its average volume of 4,931,944. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 0.43. The firm has a market cap of $82,232.57, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 1.86 and a beta of 0.43. Kraft Heinz has a twelve month low of $67.05 and a twelve month high of $93.88.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). The company had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.91 billion. Kraft Heinz had a net margin of 41.93% and a return on equity of 7.20%. Kraft Heinz’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 EPS. research analysts anticipate that Kraft Heinz will post 3.88 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.70%. Kraft Heinz’s payout ratio is currently 27.90%.
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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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