Jefferies Group Begins Coverage on Kraft Heinz (KHC)
Jefferies Group assumed coverage on shares of Kraft Heinz (NASDAQ:KHC) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $95.00 target price on the stock. Jefferies Group also issued estimates for Kraft Heinz’s Q4 2017 earnings at $0.95 EPS, FY2017 earnings at $3.60 EPS, Q1 2018 earnings at $0.94 EPS, Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $1.05 EPS, FY2018 earnings at $3.98 EPS, Q1 2019 earnings at $1.00 EPS, Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.12 EPS, FY2019 earnings at $4.23 EPS, FY2020 earnings at $4.52 EPS, FY2021 earnings at $4.78 EPS and FY2022 earnings at $5.06 EPS.
Several other research firms also recently commented on KHC. Zacks Investment Research upgraded Kraft Heinz from a sell rating to a hold rating in a research note on Monday, December 18th. BMO Capital Markets dropped their price objective on Kraft Heinz from $96.00 to $82.00 and set a market perform rating on the stock in a research note on Thursday, November 2nd. BidaskClub upgraded Kraft Heinz from a sell rating to a hold rating in a research note on Friday, November 10th. Citigroup dropped their price objective on Kraft Heinz from $90.00 to $82.00 and set a neutral rating on the stock in a research note on Thursday, November 2nd. Finally, Piper Jaffray Companies upgraded Kraft Heinz from a neutral rating to an overweight rating and dropped their price objective for the company from $92.00 to $90.00 in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Kraft Heinz has a consensus rating of Buy and a consensus price target of $92.65.
Shares of Kraft Heinz (KHC) traded up $0.39 during midday trading on Friday, hitting $79.66. The stock had a trading volume of 3,693,848 shares, compared to its average volume of 3,600,000. Kraft Heinz has a 12-month low of $75.21 and a 12-month high of $97.77. The stock has a market cap of $97,520.00 and a P/E ratio of 24.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43.
A number of hedge funds have recently modified their holdings of the business. GW&K Investment Management LLC raised its holdings in Kraft Heinz by 6.1% during the 4th quarter. GW&K Investment Management LLC now owns 12,200 shares of the company’s stock valued at $949,000 after acquiring an additional 704 shares during the period. Viking Fund Management LLC bought a new stake in Kraft Heinz during the 4th quarter valued at $933,000. Personal Capital Advisors Corp raised its holdings in Kraft Heinz by 29.7% during the 4th quarter. Personal Capital Advisors Corp now owns 110,261 shares of the company’s stock valued at $8,574,000 after acquiring an additional 25,274 shares during the period. State of Alaska Department of Revenue raised its holdings in Kraft Heinz by 476.5% during the 4th quarter. State of Alaska Department of Revenue now owns 60,901 shares of the company’s stock valued at $4,733,000 after acquiring an additional 50,337 shares during the period. Finally, Butensky & Cohen Financial Security Inc. raised its holdings in Kraft Heinz by 5.9% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 17,628 shares of the company’s stock valued at $1,371,000 after acquiring an additional 975 shares during the period. 62.01% of the stock is currently owned by institutional investors and hedge funds.
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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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