Stifel Nicolaus restated their buy rating on shares of The Kraft Heinz Company (NASDAQ:KHC) in a report issued on Thursday morning. The firm currently has a $95.00 target price on the stock.

KHC has been the topic of a number of other reports. BidaskClub cut The Kraft Heinz from a sell rating to a strong sell rating in a report on Wednesday, July 5th. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the company a buy rating in a report on Sunday, September 10th. Royal Bank Of Canada set a $96.00 price objective on The Kraft Heinz and gave the company a buy rating in a report on Saturday, June 3rd. BMO Capital Markets reiterated a hold rating and issued a $96.00 price objective on shares of The Kraft Heinz in a report on Wednesday, September 6th. Finally, Zacks Investment Research upgraded The Kraft Heinz from a sell rating to a hold rating in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. The Kraft Heinz has an average rating of Buy and an average price target of $97.18.

Shares of The Kraft Heinz (NASDAQ:KHC) opened at 77.52 on Thursday. The stock has a 50 day moving average price of $81.65 and a 200 day moving average price of $81.65. The stock has a market capitalization of $94.35 billion, a P/E ratio of 27.59 and a beta of 0.45. The Kraft Heinz has a one year low of $77.40 and a one year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The firm had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts forecast that The Kraft Heinz will post $3.24 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were given a $0.625 dividend. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.22%. The Kraft Heinz’s payout ratio is presently 79.87%.

Several institutional investors have recently bought and sold shares of the company. Blue Chip Partners Inc. increased its position in shares of The Kraft Heinz by 0.5% during the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after acquiring an additional 8 shares during the period. Martingale Asset Management L P increased its position in shares of The Kraft Heinz by 0.5% during the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after acquiring an additional 13 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of The Kraft Heinz by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after acquiring an additional 16 shares during the period. Ropes Wealth Advisors LLC increased its position in shares of The Kraft Heinz by 0.4% during the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after acquiring an additional 17 shares during the period. Finally, Cobblestone Capital Advisors LLC NY increased its position in shares of The Kraft Heinz by 0.6% during the first quarter. Cobblestone Capital Advisors LLC NY now owns 3,369 shares of the company’s stock worth $306,000 after acquiring an additional 21 shares during the period. 61.80% of the stock is currently 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.

Analyst Recommendations for The Kraft Heinz (NASDAQ:KHC)

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