Kraft Heinz (NASDAQ:KHC) PT Raised to $43.00 at Deutsche Bank Aktiengesellschaft

Kraft Heinz (NASDAQ:KHC) had its price objective increased by Deutsche Bank Aktiengesellschaft from $42.00 to $43.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the stock.

KHC has been the topic of several other research reports. Wells Fargo & Company dropped their price objective on Kraft Heinz from $38.00 to $37.00 and set an equal weight rating on the stock in a research note on Thursday, February 15th. Citigroup assumed coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a buy rating and a $43.00 price target for the company. Finally, Bank of America lifted their price objective on Kraft Heinz from $40.00 to $42.00 and gave the company a buy rating in a report on Monday. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of Hold and an average price target of $40.57.

Kraft Heinz Price Performance

Shares of KHC opened at $37.11 on Thursday. The stock has a market cap of $45.11 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. Kraft Heinz has a 1 year low of $30.68 and a 1 year high of $41.47. The stock’s 50-day moving average price is $35.87 and its two-hundred day moving average price is $35.36. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. Kraft Heinz’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. On average, equities analysts predict that Kraft Heinz will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is presently 69.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Raymond James Trust N.A. grew its holdings in shares of Kraft Heinz by 11.0% in the 4th quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock valued at $1,465,000 after acquiring an additional 3,916 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Kraft Heinz during the 3rd quarter worth approximately $5,399,000. Victory Capital Management Inc. raised its stake in shares of Kraft Heinz by 16.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,768,073 shares of the company’s stock worth $59,478,000 after purchasing an additional 247,896 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Kraft Heinz by 42.5% in the fourth quarter. Cerity Partners LLC now owns 457,923 shares of the company’s stock valued at $16,934,000 after buying an additional 136,556 shares in the last quarter. Finally, FMR LLC increased its holdings in Kraft Heinz by 37.9% during the third quarter. FMR LLC now owns 3,029,052 shares of the company’s stock worth $101,897,000 after buying an additional 832,653 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.