BidaskClub upgraded shares of The Kraft Heinz Company (NASDAQ:KHC) from a sell rating to a hold rating in a research report released on Friday.
KHC has been the subject of several other reports. UBS AG reiterated a buy rating and set a $89.00 target price (down from $97.00) on shares of The Kraft Heinz in a research report on Friday, October 13th. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the stock a buy rating in a research report on Sunday, September 10th. Piper Jaffray Companies upgraded The Kraft Heinz from a neutral rating to an overweight rating and decreased their target price for the stock from $92.00 to $90.00 in a research report on Friday, October 6th. Royal Bank Of Canada reiterated a buy rating and set a $95.00 target price on shares of The Kraft Heinz in a research report on Tuesday, October 3rd. Finally, Susquehanna Bancshares Inc reiterated a hold rating and set a $84.00 target price on shares of The Kraft Heinz in a research report on Thursday, September 14th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $92.49.
The Kraft Heinz (NASDAQ KHC) opened at $79.85 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. The company has a market cap of $97,136.27, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43. The Kraft Heinz has a one year low of $75.21 and a one year high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the consensus estimate 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 quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a $0.625 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.13%. The Kraft Heinz’s payout ratio is currently 77.88%.
Several hedge funds have recently added to or reduced their stakes in KHC. Westside Investment Management Inc. grew its stake in The Kraft Heinz by 16.6% in 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. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in The Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after purchasing an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in The Kraft Heinz in the second quarter valued at about $121,000. V Wealth Management LLC purchased a new position in The Kraft Heinz in the second quarter valued at about $125,000. Finally, Blue Chip Partners Inc. grew its stake in The Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.
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.
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