BidaskClub downgraded shares of The Kraft Heinz Company (NASDAQ:KHC) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.
A number of other equities research analysts also recently commented on KHC. Vetr raised shares of The Kraft Heinz Company from a sell rating to a hold rating and set a $91.52 target price for the company in a research report on Wednesday, February 22nd. Susquehanna Bancshares Inc set a $91.00 target price on shares of The Kraft Heinz Company and gave the stock a hold rating in a research report on Monday, February 27th. Sanford C. Bernstein reaffirmed an outperform rating on shares of The Kraft Heinz Company in a research report on Friday, March 3rd. Goldman Sachs Group, Inc. (The) lifted their target price on shares of The Kraft Heinz Company from $95.00 to $96.00 and gave the stock a buy rating in a research report on Tuesday, April 4th. Finally, Zacks Investment Research downgraded shares of The Kraft Heinz Company from a hold rating to a sell rating in a research report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $98.45.
The Kraft Heinz Company (NASDAQ:KHC) opened at 88.30 on Wednesday. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year high of $97.77. The company has a 50-day moving average price of $90.94 and a 200 day moving average price of $89.83. The stock has a market cap of $107.52 billion, a P/E ratio of 31.42 and a beta of 0.42.
The Kraft Heinz Company (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.01. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.44 billion. The Kraft Heinz Company had a net margin of 13.12% and a return on equity of 7.25%. The Kraft Heinz Company’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the business earned $0.73 EPS. Equities analysts expect that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 19th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Wednesday, May 17th. The Kraft Heinz Company’s dividend payout ratio is presently 85.11%.
Several hedge funds and other institutional investors have recently modified their holdings of KHC. Rockefeller Financial Services Inc. boosted its position in shares of The Kraft Heinz Company by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares in the last quarter. Bollard Group LLC boosted its position in The Kraft Heinz Company by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock worth $104,000 after buying an additional 8 shares during the period. Crestwood Advisors Group LLC purchased a new position in The Kraft Heinz Company during the first quarter worth $109,000. Northwest Quadrant Wealth Management LLC purchased a new position in The Kraft Heinz Company during the fourth quarter worth $128,000. Finally, Blue Chip Partners Inc. boosted its position in The Kraft Heinz Company by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after buying an additional 8 shares during the period. Institutional investors and hedge funds own 62.61% of the company’s stock.
About The Kraft Heinz Company
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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