Kraft Heinz Co (NASDAQ:KHC) – Research analysts at Piper Jaffray Companies cut their FY2018 EPS estimates for shares of Kraft Heinz in a note issued to investors on Thursday, November 1st. Piper Jaffray Companies analyst M. Lavery now anticipates that the company will earn $3.63 per share for the year, down from their previous forecast of $3.68. Piper Jaffray Companies has a “Buy” rating and a $62.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Kraft Heinz’s Q1 2019 earnings at $0.90 EPS, Q2 2019 earnings at $1.01 EPS, Q4 2019 earnings at $1.04 EPS and FY2019 earnings at $3.85 EPS.
Other research analysts also recently issued reports about the company. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 target price on shares of Kraft Heinz in a report on Tuesday, August 7th. Bank of America set a $85.00 target price on Kraft Heinz and gave the stock a “buy” rating in a report on Monday, August 6th. UBS Group set a $65.00 target price on Kraft Heinz and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, BidaskClub raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $67.31.
Shares of KHC opened at $52.39 on Monday. The company has a market capitalization of $61.85 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.81 and a beta of 0.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.00. Kraft Heinz has a one year low of $50.41 and a one year high of $82.48.
Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Thursday, November 1st. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.03). The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.31 billion. Kraft Heinz had a return on equity of 6.62% and a net margin of 39.56%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 16th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Thursday, November 15th. Kraft Heinz’s payout ratio is 70.42%.
Several institutional investors have recently modified their holdings of the business. Integrated Investment Consultants LLC increased its position in shares of Kraft Heinz by 133.5% in the 2nd quarter. Integrated Investment Consultants LLC now owns 1,688 shares of the company’s stock valued at $106,000 after buying an additional 965 shares in the last quarter. Stevens First Principles Investment Advisors bought a new stake in shares of Kraft Heinz in the 2nd quarter valued at $108,000. Kiley Juergens Wealth Management LLC bought a new stake in shares of Kraft Heinz in the 2nd quarter valued at $113,000. CSat Investment Advisory L.P. bought a new stake in shares of Kraft Heinz in the 2nd quarter valued at $120,000. Finally, Blume Capital Management Inc. increased its position in shares of Kraft Heinz by 166.7% in the 3rd quarter. Blume Capital Management Inc. now owns 2,080 shares of the company’s stock valued at $115,000 after buying an additional 1,300 shares in the last quarter. Institutional investors own 63.22% of the company’s stock.
Kraft Heinz Company Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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