BidaskClub upgraded shares of The Kraft Heinz Company (NASDAQ:KHC) from a sell rating to a hold rating in a research note published on Friday morning.
KHC has been the subject of a number of other reports. Morgan Stanley cut their price objective on The Kraft Heinz from $95.00 to $92.00 and set an overweight rating for the company in a research report on Friday, October 13th. Stifel Nicolaus reissued a buy rating and set a $95.00 price objective on shares of The Kraft Heinz in a research report on Thursday, September 21st. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the stock a buy rating in a research report on Sunday, September 10th. BMO Capital Markets reissued a hold rating and set a $96.00 price objective on shares of The Kraft Heinz in a research report on Wednesday, September 6th. Finally, Zacks Investment Research raised The Kraft Heinz from a sell rating to a hold rating in a research report on Monday, August 21st. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The Kraft Heinz presently has an average rating of Buy and a consensus price target of $92.49.
Shares of The Kraft Heinz (NASDAQ:KHC) traded up $0.31 during trading hours on Friday, hitting $79.72. The company had a trading volume of 3,402,900 shares, compared to its average volume of 3,088,500. 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 firm has a market cap of $97,136.27, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43. The Kraft Heinz has a 1 year low of $75.21 and a 1 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 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. sell-side analysts expect that The Kraft Heinz will post 3.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio is presently 77.88%.
Institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. grew its position 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 buying an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position 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 buying an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in shares of The Kraft Heinz during the second quarter worth about $121,000. V Wealth Management LLC acquired a new position in shares of The Kraft Heinz during the second quarter worth about $125,000. Finally, Blue Chip Partners Inc. grew its position in shares of 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 in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.
The Kraft Heinz Company Profile
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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