Kraft Heinz (KHC) Earns Sell Rating from Analysts at Societe Generale

Societe Generale assumed coverage on shares of Kraft Heinz (NASDAQ:KHC) in a report released on Thursday, March 15th, MarketBeat reports. The firm issued a sell rating on the stock.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised Kraft Heinz from a sell rating to a hold rating in a research note on Monday, December 18th. Jefferies Group started coverage on Kraft Heinz in a research note on Friday, January 19th. They set a buy rating and a $95.00 target price for the company. Piper Jaffray reaffirmed an overweight rating and set a $94.00 target price (up from $90.00) on shares of Kraft Heinz in a research note on Tuesday, January 30th. BidaskClub downgraded Kraft Heinz from a hold rating to a sell rating in a research note on Saturday, December 9th. Finally, Vetr raised Kraft Heinz from a buy rating to a strong-buy rating and set a $85.31 target price for the company in a research note on Monday, February 5th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $83.37.

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Kraft Heinz stock opened at $60.54 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.44 and a current ratio of 0.72. Kraft Heinz has a 12 month low of $59.48 and a 12 month high of $93.88. The company has a market capitalization of $74,814.61, a price-to-earnings ratio of 17.05, a P/E/G ratio of 1.67 and a beta of 0.59.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data 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). Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same quarter in the prior year, the company posted $0.08 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. sell-side analysts expect that Kraft Heinz will post 3.83 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 4.13%. The ex-dividend date was Thursday, March 8th. Kraft Heinz’s dividend payout ratio is currently 70.42%.

Several institutional investors and hedge funds have recently modified their holdings of KHC. We Are One Seven LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter worth $107,000. Rational Advisors LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter worth $117,000. Cerebellum GP LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter worth $124,000. Rockefeller Financial Services Inc. increased 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 acquiring an additional 1,460 shares during the last quarter. Finally, Oakworth Capital Inc. increased 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 acquiring an additional 755 shares during the last quarter. 63.22% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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