The Kraft Heinz Company (NASDAQ:KHC) had its price target decreased by Citigroup Inc. from $90.00 to $82.00 in a report released on Thursday, November 2nd. Citigroup Inc. currently has a neutral rating on the stock.
Several other research analysts also recently commented on KHC. BidaskClub downgraded The Kraft Heinz from a sell rating to a strong sell rating in a report on Wednesday, July 5th. Susquehanna Bancshares Inc restated a neutral rating and set a $91.00 price objective (down from $99.00) on shares of The Kraft Heinz in a report on Monday, July 10th. Zacks Investment Research upgraded The Kraft Heinz from a sell rating to a hold rating in a report on Thursday, July 20th. Credit Suisse Group AG set a $100.00 price target on The Kraft Heinz and gave the company a buy rating in a report on Saturday, July 29th. Finally, TheStreet raised The Kraft Heinz from a c rating to a b- rating in a research report on Thursday, August 3rd. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $92.49.
The Kraft Heinz (NASDAQ:KHC) traded up $0.13 during midday trading on Thursday, hitting $79.85. The company had a trading volume of 3,254,200 shares, compared to its average volume of 3,089,256. The company has a market capitalization of $96,700.00 and a price-to-earnings ratio of 22.39. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. 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, meeting analysts’ consensus estimates of $0.83. The company had revenue of $6.31 billion during 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 Kraft Heinz’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 earnings per share. research analysts predict that The Kraft Heinz will post 3.61 EPS for the current 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 given a $0.625 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.13%. The Kraft Heinz’s payout ratio is currently 77.88%.
Several institutional investors and hedge funds have recently modified their holdings of KHC. BlackRock Inc. increased its position in shares of The Kraft Heinz by 2,314.8% in the 1st quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock worth $2,956,129,000 after purchasing an additional 31,204,852 shares during the last quarter. Morgan Stanley grew its position in shares of The Kraft Heinz by 55.6% during the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after buying an additional 2,988,664 shares during the last quarter. FMR LLC boosted its stake in The Kraft Heinz by 30.0% during the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after purchasing an additional 2,659,846 shares during the period. Vanguard Group Inc. boosted its stake in The Kraft Heinz by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock valued at $3,827,601,000 after purchasing an additional 1,585,231 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of The Kraft Heinz in the 2nd quarter worth approximately $102,151,000. 61.59% of the stock is 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.
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