Investment analysts at Societe Generale assumed coverage on shares of Kraft Heinz (NASDAQ:KHC) in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage set a “sell” rating on the stock.
A number of other analysts have also recently issued reports on KHC. Zacks Investment Research cut shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday. Argus reissued a “buy” rating and issued a $74.00 price objective (down from $93.00) on shares of Kraft Heinz in a research note on Wednesday, March 7th. Piper Jaffray Companies reissued an “overweight” rating and issued a $94.00 price objective (up from $90.00) on shares of Kraft Heinz in a research note on Tuesday, January 30th. DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. Finally, Susquehanna Bancshares set a $80.00 price objective on shares of Kraft Heinz and gave the stock a “hold” rating in a research note on Monday, February 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $85.78.
Shares of Kraft Heinz (NASDAQ:KHC) traded down $0.10 during midday trading on Thursday, hitting $65.36. 7,204,480 shares of the stock were exchanged, compared to its average volume of 5,261,465. 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 stock has a market capitalization of $79,787.62, a PE ratio of 7.29, a PEG ratio of 1.77 and a beta of 0.58. Kraft Heinz has a 1 year low of $64.94 and a 1 year high of $93.88.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data 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 analysts’ expectations 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 for the quarter was up .3% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. sell-side analysts expect that Kraft Heinz will post 3.85 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of KHC. We Are One Seven LLC purchased a new position in shares of Kraft Heinz in the 4th quarter worth $107,000. Rational Advisors LLC purchased a new position in shares of Kraft Heinz in the 4th quarter worth $117,000. Cerebellum GP LLC purchased a new position in shares of Kraft Heinz in the 4th quarter worth $124,000. Rockefeller Financial Services Inc. grew its stake in shares of Kraft Heinz by 438.4% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 1,793 shares of the company’s stock worth $139,000 after buying an additional 1,460 shares in the last quarter. Finally, Oakworth Capital Inc. grew its stake in shares of Kraft Heinz by 76.5% in the 4th quarter. Oakworth Capital Inc. now owns 1,742 shares of the company’s stock worth $141,000 after buying an additional 755 shares in the last quarter. 63.24% of the stock is owned by institutional investors.
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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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