BMO Capital Markets reaffirmed their hold rating on shares of The Kraft Heinz Company (NASDAQ:KHC) in a research report released on Thursday. BMO Capital Markets currently has a $96.00 price target on the stock.

Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada set a $96.00 target price on The Kraft Heinz Company and gave the stock a buy rating in a research report on Saturday, June 3rd. Consumer Edge upgraded The Kraft Heinz Company to an overweight rating in a research report on Thursday, May 4th. Piper Jaffray Companies began coverage on The Kraft Heinz Company in a research report on Wednesday, May 24th. They issued a neutral rating and a $94.00 target price for the company. Susquehanna Bancshares Inc set a $99.00 target price on The Kraft Heinz Company and gave the stock a hold rating in a research report on Tuesday, June 6th. Finally, Berenberg Bank began coverage on The Kraft Heinz Company in a research report on Wednesday, June 7th. They issued a buy rating and a $102.00 target price for the company. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $98.45.

Analyst Recommendations for The Kraft Heinz Company (NASDAQ:KHC)

Shares of The Kraft Heinz Company (KHC) opened at 89.85 on Thursday. The firm’s 50-day moving average price is $90.95 and its 200-day moving average price is $89.76. The firm has a market capitalization of $109.40 billion, a PE ratio of 31.98 and a beta of 0.42. The Kraft Heinz Company has a 52-week low of $79.69 and a 52-week high of $97.77.

The Kraft Heinz Company (NASDAQ:KHC) last released its earnings results on Wednesday, May 3rd. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by $0.01. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.44 billion. The Kraft Heinz Company had a return on equity of 7.25% and a net margin of 13.12%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. On average, equities analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, May 19th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $2.40 annualized dividend and a dividend yield of 2.67%. The Kraft Heinz Company’s dividend payout ratio is currently 85.11%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bollard Group LLC boosted its position in The Kraft Heinz Company by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock valued at $104,000 after buying an additional 8 shares in the last quarter. Fisher Asset Management LLC boosted its position in The Kraft Heinz Company by 0.3% in the first quarter. Fisher Asset Management LLC now owns 2,889 shares of the company’s stock valued at $262,000 after buying an additional 8 shares in the last quarter. Blue Chip Partners Inc. boosted its position in The Kraft Heinz Company by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after buying an additional 8 shares in the last quarter. Gratus Capital LLC boosted its position in The Kraft Heinz Company by 0.3% in the fourth quarter. Gratus Capital LLC now owns 5,120 shares of the company’s stock valued at $447,000 after buying an additional 16 shares in the last quarter. Finally, Guardian Life Insurance Co. of America boosted its position in The Kraft Heinz Company by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after buying an additional 16 shares in the last quarter. 62.61% of the stock is currently owned by institutional investors.

The Kraft Heinz Company 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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