Kraft Heinz (KHC) Stock Rating Reaffirmed by Barclays

Barclays reiterated their buy rating on shares of Kraft Heinz (NASDAQ:KHC) in a research note published on Sunday morning. Barclays currently has a $80.00 target price on the stock, down from their prior target price of $94.00.

A number of other analysts have also weighed in on KHC. BidaskClub upgraded shares of Kraft Heinz from a strong sell rating to a sell rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Kraft Heinz from a sell rating to a hold rating in a report on Tuesday, October 31st. Citigroup dropped their target price on shares of Kraft Heinz from $90.00 to $82.00 and set a neutral rating for the company in a report on Thursday, November 2nd. Credit Suisse Group reiterated an outperform rating and set a $90.00 target price (down from $100.00) on shares of Kraft Heinz in a report on Thursday, November 2nd. Finally, Susquehanna Bancshares dropped their target price on shares of Kraft Heinz from $83.00 to $80.00 and set a neutral rating for the company in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Kraft Heinz currently has an average rating of Buy and a consensus price target of $86.52.

Kraft Heinz (NASDAQ:KHC) opened at $67.47 on Friday. Kraft Heinz has a 12 month low of $67.44 and a 12 month high of $95.48. The stock has a market capitalization of $82,210.00 and a PE ratio of 7.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.44 and a current ratio of 0.72.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.06). Kraft Heinz had a net margin of 41.93% and a return on equity of 7.20%. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.91 billion. During the same period last year, the business posted $0.08 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. sell-side analysts anticipate that Kraft Heinz will post 3.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.625 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.50 annualized dividend and a yield of 3.71%. Kraft Heinz’s dividend payout ratio (DPR) is presently 27.87%.

A number of institutional investors and hedge funds have recently modified their holdings of KHC. Westside Investment Management Inc. lifted its holdings in shares of Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after purchasing an additional 172 shares during the last quarter. We Are One Seven LLC purchased a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $107,000. Rational Advisors LLC purchased a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $117,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Kraft Heinz during the second quarter valued at approximately $121,000. Finally, Cerebellum GP LLC purchased a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $124,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

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About Kraft Heinz

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.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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