Kraft Heinz Co (NASDAQ:KHC) had its price objective lifted by research analysts at Goldman Sachs Group Inc from $95.00 to $96.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group Inc’s price objective would suggest a potential upside of 4.30% from the stock’s current price.
KHC has been the topic of a number of other research reports. Sanford C. Bernstein reiterated a “top pick” rating and issued a $109.00 price objective on shares of Kraft Heinz in a report on Friday, January 6th. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, January 20th. Vetr upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating and set a $95.36 price objective on the stock in a report on Wednesday, March 1st. Deutsche Bank AG initiated coverage on shares of Kraft Heinz in a report on Wednesday, February 15th. They issued a “buy” rating and a $103.00 price objective on the stock. Finally, Citigroup Inc upgraded shares of Kraft Heinz from a “sell” rating to a “neutral” rating in a report on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Kraft Heinz has an average rating of “Buy” and an average price target of $98.20.
Shares of Kraft Heinz (NASDAQ:KHC) traded down 0.277% during mid-day trading on Tuesday, reaching $91.785. The company’s stock had a trading volume of 1,217,947 shares. Kraft Heinz has a 52 week low of $76.70 and a 52 week high of $97.77. The company’s 50-day moving average is $91.49 and its 200-day moving average is $88.16. The stock has a market capitalization of $111.71 billion, a price-to-earnings ratio of 32.664 and a beta of 0.42.
Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 15th. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.73 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 6.40%. During the same quarter in the previous year, the business posted $0.80 EPS. Equities analysts predict that Kraft Heinz will post $3.24 EPS for the current year.
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Several large investors have recently made changes to their positions in KHC. State Street Corp increased its stake in shares of Kraft Heinz by 1.9% in the fourth quarter. State Street Corp now owns 23,899,054 shares of the company’s stock worth $2,086,864,000 after buying an additional 444,373 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Kraft Heinz by 1.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 15,339,909 shares of the company’s stock worth $1,373,075,000 after buying an additional 250,352 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Kraft Heinz by 4.6% in the fourth quarter. Macquarie Group Ltd. now owns 8,735,219 shares of the company’s stock worth $762,759,000 after buying an additional 386,065 shares in the last quarter. Norges Bank purchased a new position in Kraft Heinz during the fourth quarter valued at approximately $715,658,000. Finally, FMR LLC boosted its position in Kraft Heinz by 8.6% in the fourth quarter. FMR LLC now owns 8,066,709 shares of the company’s stock valued at $704,386,000 after buying an additional 635,550 shares during the period. 61.47% of the stock is owned by institutional investors and hedge funds.
Kraft Heinz Company Profile
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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