The Kraft Heinz Company (KHC) Receives Consensus Recommendation of “Buy” from Brokerages
The Kraft Heinz Company (NASDAQ:KHC) has been given a consensus rating of “Buy” by the nineteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $97.45.
Several research analysts recently issued reports on the company. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of The Kraft Heinz in a research report on Tuesday. Credit Suisse Group set a $100.00 price target on The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, July 29th. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub downgraded The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $99.00 target price (down previously from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th.
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A number of large investors have recently bought and sold shares of the stock. Rockefeller Financial Services Inc. increased its position in shares of The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares during the period. Bollard Group LLC increased its stake in The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock worth $104,000 after buying an additional 8 shares during the last quarter. Crestwood Advisors Group LLC purchased a new stake in The Kraft Heinz during the first quarter worth approximately $109,000. V Wealth Management LLC purchased a new stake in The Kraft Heinz during the second quarter worth approximately $125,000. Finally, Blue Chip Partners Inc. increased its stake in The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after buying an additional 8 shares during the last quarter. 61.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Kraft Heinz (KHC) traded up 0.17% on Friday, hitting $86.66. The stock had a trading volume of 8,002,342 shares. The Kraft Heinz has a 52 week low of $79.69 and a 52 week high of $97.77. The stock has a market capitalization of $105.52 billion, a P/E ratio of 30.84 and a beta of 0.44. The firm has a 50-day moving average price of $86.92 and a 200-day moving average price of $89.90.
The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. The Kraft Heinz had a return on equity of 7.25% and a net margin of 13.12%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. Equities analysts expect that The Kraft Heinz will post $3.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.625 per share. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, August 16th. This represents a $2.50 annualized dividend and a dividend yield of 2.88%. The Kraft Heinz’s payout ratio is 85.11%.
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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