3 days Ago By ABMN Staff
The Kraft Heinz Company ( NASDAQ:KHC – Get Free Report ) has received a consensus rating of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $37.
50. A number of equities analysts have issued reports on the company. The Goldman Sachs Group started coverage on Kraft Heinz in a report on Monday, August 12th.
They set a “sell” rating and a $34.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Kraft Heinz from $34.
00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Bank of America cut their price objective on shares of Kraft Heinz from $42.
00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler decreased their target price on Kraft Heinz from $42.
00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, June 20th. Finally, JPMorgan Chase & Co.
cut their price target on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st.
Check Out Our Latest Analysis on Kraft Heinz Insider Activity at Kraft Heinz Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KHC. Steward Partners Investment Solutions LLC bought a new stake in Kraft Heinz in the 4th quarter valued at about $25,000. New Covenant Trust Company N.
A. bought a new stake in shares of Kraft Heinz in the first quarter valued at approximately $27,000. Asset Dedication LLC lifted its stake in shares of Kraft Heinz by 94.
8% during the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after buying an additional 476 shares in the last quarter. Hantz Financial Services Inc.
bought a new position in Kraft Heinz in the 2nd quarter worth approximately $34,000. Finally, Valley Wealth Managers Inc. grew its stake in Kraft Heinz by 46.
4% in the 2nd quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the company’s stock valued at $35,000 after buying an additional 340 shares in the last quarter.
78.17% of the stock is currently owned by hedge funds and other institutional investors. Kraft Heinz Price Performance KHC stock opened at $35.
59 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.
01 and a debt-to-equity ratio of 0.39. The firm has a market cap of $43.
03 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 3.43 and a beta of 0.
49. The company’s fifty day simple moving average is $34.49 and its 200 day simple moving average is $35.
04. Kraft Heinz has a 12-month low of $30.68 and a 12-month high of $38.
96. Kraft Heinz ( NASDAQ:KHC – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.
78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05.
Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%.
The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.55 billion.
During the same period in the previous year, the business earned $0.79 EPS. The firm’s revenue was down 3.
3% compared to the same quarter last year. On average, analysts expect that Kraft Heinz will post 3.02 earnings per share for the current year.
Kraft Heinz Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $0.40 dividend.
The ex-dividend date is Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 4.
50%. Kraft Heinz’s payout ratio is 69.87%.
About Kraft Heinz ( Get Free Report The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands. Read More Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.
com's FREE daily email newsletter ..
