Heinz (NASDAQ:KHC) – Research analysts at Piper Jaffray reduced their Q1 2018 earnings per share (EPS) estimates for shares of Heinz in a report released on Tuesday, April 17th. Piper Jaffray analyst M. Lavery now forecasts that the company will post earnings per share of $0.83 for the quarter, down from their prior estimate of $0.85. Piper Jaffray currently has a “Buy” rating and a $75.00 target price on the stock. Piper Jaffray also issued estimates for Heinz’s Q2 2018 earnings at $0.98 EPS, Q3 2019 earnings at $0.95 EPS and FY2019 earnings at $3.90 EPS.
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 the Zacks’ consensus estimate of $0.96 by ($0.06). Heinz had a net margin of 41.93% and a return on equity of 7.20%. The business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same period in the prior year, the firm posted $0.08 EPS. Heinz’s revenue for the quarter was up .3% compared to the same quarter last year.
Other equities research analysts also recently issued reports about the stock. Morgan Stanley set a $73.00 price target on shares of Heinz and gave the company a “buy” rating in a research report on Wednesday. Bank of America reduced their price target on shares of Heinz from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, April 3rd. ValuEngine downgraded shares of Heinz from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Argus reiterated a “buy” rating and set a $74.00 price target (down from $93.00) on shares of Heinz in a research report on Wednesday, March 7th. Finally, Susquehanna Bancshares set a $80.00 price target on shares of Heinz and gave the company a “hold” rating in a research report on Monday, February 12th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $83.72.
Shares of KHC opened at $59.73 on Thursday. Heinz has a twelve month low of $59.48 and a twelve month high of $93.88. The company has a market capitalization of $75,192.46, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 1.68 and a beta of 0.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.44 and a current ratio of 0.72.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were given a dividend of $0.625 per share. The ex-dividend date was Thursday, March 8th. This represents a $2.50 annualized dividend and a dividend yield of 4.19%. Heinz’s dividend payout ratio is currently 70.42%.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Heinz by 4.6% in the 4th quarter. BlackRock Inc. now owns 35,073,958 shares of the company’s stock worth $2,727,351,000 after acquiring an additional 1,551,823 shares during the period. Magellan Asset Management Ltd grew its stake in Heinz by 30.4% in the 4th quarter. Magellan Asset Management Ltd now owns 21,429,032 shares of the company’s stock worth $1,666,322,000 after acquiring an additional 4,998,778 shares during the period. Bank of New York Mellon Corp grew its stake in Heinz by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 7,946,677 shares of the company’s stock worth $617,932,000 after acquiring an additional 290,717 shares during the period. Geode Capital Management LLC grew its stake in Heinz by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 6,822,492 shares of the company’s stock worth $529,480,000 after acquiring an additional 202,168 shares during the period. Finally, American International Group Inc. grew its stake in Heinz by 1,928.1% in the 4th quarter. American International Group Inc. now owns 6,110,926 shares of the company’s stock worth $475,186,000 after acquiring an additional 5,809,615 shares during the period. 63.25% of the stock is owned by hedge funds and other institutional investors.
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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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