The Kraft Heinz Company (KHC) PT Lowered to $82.00

The Kraft Heinz Company (NASDAQ:KHC) had its price objective decreased by Citigroup Inc. from $90.00 to $82.00 in a research report sent to investors on Thursday, November 2nd. Citigroup Inc. currently has a neutral rating on the stock.

A number of other research analysts have also recently weighed in on KHC. Berenberg Bank set a $102.00 price objective on The Kraft Heinz and gave the company a buy rating in a research report on Monday, August 7th. Susquehanna Bancshares Inc reaffirmed a neutral rating and set a $85.00 price objective (down from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. Zacks Investment Research cut The Kraft Heinz from a hold rating to a sell rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a buy rating and set a $95.00 price objective on shares of The Kraft Heinz in a research report on Tuesday, October 3rd. Finally, TheStreet raised The Kraft Heinz from a c rating to a b- rating in a research report on Thursday, August 3rd. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $92.49.

The Kraft Heinz (KHC) opened at $80.01 on Thursday. The stock has a market capitalization of $97,470.00 and a PE ratio of 22.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The Kraft Heinz has a 12-month low of $75.21 and a 12-month high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm posted $0.83 earnings per share. equities analysts anticipate that The Kraft Heinz will post 3.61 EPS for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in the business. Blue Chip Partners Inc. increased its stake in The Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after acquiring an additional 8 shares during the last quarter. Martingale Asset Management L P increased its stake in The Kraft Heinz by 0.5% in the 2nd quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after acquiring an additional 13 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in The Kraft Heinz by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after acquiring an additional 16 shares during the last quarter. Ropes Wealth Advisors LLC increased its stake in The Kraft Heinz by 0.4% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after acquiring an additional 17 shares during the last quarter. Finally, National Asset Management Inc. increased its stake in The Kraft Heinz by 0.5% in the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock worth $408,000 after acquiring an additional 21 shares during the last quarter. 61.79% of the stock is currently owned by institutional investors and hedge funds.

About The 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 The Kraft Heinz (NASDAQ:KHC)

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