The Kraft Heinz (KHC) Stock Rating Upgraded by BidaskClub

The Kraft Heinz (NASDAQ:KHC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, November 10th.

Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Susquehanna Bancshares restated a “neutral” rating and issued a $85.00 target price (down from $94.00) on shares of The Kraft Heinz in a research note on Wednesday, August 9th. TheStreet upgraded shares of The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Morgan Stanley lowered their target price on shares of The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Finally, Berenberg Bank set a $102.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Monday, August 7th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $92.49.

The Kraft Heinz (NASDAQ:KHC) traded up $2.11 during trading on Friday, reaching $81.09. 4,059,000 shares of the company were exchanged, compared to its average volume of 3,095,853. 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 stock has a market cap of $97,185.01, a price-to-earnings ratio of 22.40, a P/E/G ratio of 2.21 and a beta of 0.43.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The company had revenue of $6.31 billion for 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 firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 EPS. equities analysts predict that The Kraft Heinz will post 3.61 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Westside Investment Management Inc. increased its stake in shares of The Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after purchasing an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of The Kraft Heinz by 287.9% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of The Kraft Heinz during the second quarter worth about $121,000. V Wealth Management LLC acquired a new position in The Kraft Heinz during the second quarter worth about $125,000. Finally, Blue Chip Partners Inc. boosted its position in The Kraft Heinz by 0.5% during the second 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. 62.06% of the stock is owned by institutional investors.

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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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