The Kraft Heinz Company (NASDAQ:KHC – Get Free Report) has received an average recommendation of “Reduce” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $30.86.
A number of analysts recently commented on KHC shares. StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company decreased their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Barclays decreased their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, The Goldman Sachs Group cut their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday, February 13th.
View Our Latest Stock Analysis on Kraft Heinz
Institutional Inflows and Outflows
Kraft Heinz Trading Up 0.1 %
NASDAQ KHC opened at $30.23 on Monday. The stock has a market capitalization of $36.12 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.39 and a beta of 0.40. Kraft Heinz has a one year low of $27.25 and a one year high of $38.96. The business has a 50 day simple moving average of $29.86 and a 200 day simple moving average of $32.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Research analysts expect that Kraft Heinz will post 2.68 earnings per share for the current year.
Kraft Heinz Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.29%. Kraft Heinz’s payout ratio is currently 70.80%.
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.
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