BMO Capital Markets Trims The Kraft Heinz Company (KHC) Target Price to $82.00

The Kraft Heinz Company (NASDAQ:KHC) had its price target lowered by BMO Capital Markets from $96.00 to $82.00 in a report published on Thursday, November 2nd. The firm currently has a market perform rating on the stock.

KHC has been the topic of several other reports. UBS AG reissued a buy rating and set a $89.00 price target (down from $97.00) on shares of The Kraft Heinz in a research note on Friday, October 13th. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the stock a buy rating in a research note on Sunday, September 10th. BidaskClub raised shares of The Kraft Heinz from a strong sell rating to a sell rating in a research note on Saturday, August 12th. Piper Jaffray Companies raised shares of The Kraft Heinz from a neutral rating to an overweight rating and decreased their price target for the stock from $92.00 to $90.00 in a research note on Friday, October 6th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $95.00 target price on shares of The Kraft Heinz in a research note on Tuesday, October 3rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $92.49.

The Kraft Heinz (NASDAQ:KHC) opened at $80.01 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. The firm has a market cap of $97,392.15, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43. The Kraft Heinz has a 1 year low of $75.21 and a 1 year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The Kraft Heinz’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.83 earnings per share. sell-side analysts expect that The Kraft Heinz will post 3.61 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s payout ratio is currently 77.88%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its stake in shares of The Kraft Heinz by 9.7% during the 3rd quarter. GSA Capital Partners LLP now owns 31,589 shares of the company’s stock valued at $2,450,000 after acquiring an additional 2,787 shares during the period. Wealthsource Partners LLC bought a new position in shares of The Kraft Heinz during the 3rd quarter valued at approximately $443,000. Americafirst Capital Management LLC bought a new position in shares of The Kraft Heinz during the 3rd quarter valued at approximately $621,000. Belpointe Asset Management LLC bought a new position in shares of The Kraft Heinz during the 3rd quarter valued at approximately $335,000. Finally, Yellowstone Partners LLC bought a new position in shares of The Kraft Heinz during the 3rd quarter valued at approximately $544,000. 61.79% of the stock is owned by hedge funds and other institutional investors.

The 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.

Analyst Recommendations for The Kraft Heinz (NASDAQ:KHC)

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