The Kraft Heinz Company (NASDAQ:KHC) announced a quarterly dividend on Wednesday, November 1st, RTT News reports. Investors of record on Friday, November 17th will be given a dividend of 0.625 per share on Friday, December 15th. This represents a $2.50 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Thursday, November 16th.

Shares of The Kraft Heinz (KHC) opened at $79.72 on Friday. 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 Kraft Heinz has a 52 week low of $75.21 and a 52 week high of $97.77. The stock has a market cap of $96,758.55, a price-to-earnings ratio of 22.31, a P/E/G ratio of 2.20 and a beta of 0.43.

The Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. research analysts forecast that The Kraft Heinz will post 3.61 earnings per share for the current year.

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KHC has been the topic of several research reports. Zacks Investment Research downgraded shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Susquehanna Bancshares Inc restated a “hold” rating on shares of The Kraft Heinz in a report on Tuesday, August 1st. BMO Capital Markets dropped their price objective on shares of The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a report on Thursday, November 2nd. BidaskClub raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Citigroup Inc. lowered their target price on shares of The Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $92.49.

About The Kraft Heinz

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.

Dividend History for The Kraft Heinz (NASDAQ:KHC)

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