The Kraft Heinz Company (NASDAQ:KHC) had its target price trimmed by Citigroup Inc. from $90.00 to $82.00 in a research note released on Thursday, November 2nd. The firm currently has a neutral rating on the stock.
Several other equities research analysts also recently commented on the company. UBS AG reaffirmed a buy rating and set a $89.00 target price (down from $97.00) on shares of The Kraft Heinz in a report on Friday, October 13th. Credit Suisse Group AG set a $100.00 price objective on The Kraft Heinz and gave the stock a buy rating in a research note on Sunday, September 10th. BidaskClub raised The Kraft Heinz from a strong sell rating to a sell rating in a research note on Saturday, August 12th. Piper Jaffray Companies raised The Kraft Heinz from a neutral rating to an overweight rating and cut 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 set a $95.00 price target on shares of The Kraft Heinz in a research note on Tuesday, October 3rd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The Kraft Heinz currently has a consensus rating of Buy and an average price target of $92.49.
Shares of The Kraft Heinz (NASDAQ KHC) traded up $0.13 on Thursday, hitting $79.85. The company’s stock had a trading volume of 3,254,200 shares, compared to its average volume of 3,089,256. 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 firm has a market cap of $96,700.00 and a price-to-earnings ratio of 22.39. 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 issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the prior year, the business earned $0.83 EPS. The firm’s revenue was up .7% on a year-over-year basis. analysts anticipate that The Kraft Heinz will post 3.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid 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 77.88%.
Institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. raised its holdings in 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 acquiring an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in 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 buying an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in The Kraft Heinz during the second quarter worth approximately $121,000. V Wealth Management LLC acquired a new position in The Kraft Heinz during the second quarter worth approximately $125,000. Finally, Blue Chip Partners Inc. increased 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 buying an additional 8 shares during the last quarter. 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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