Vetr upgraded shares of Kraft Heinz (NASDAQ:KHC) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning. The firm currently has $85.31 price objective on the stock.

Other analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Kraft Heinz from a sell rating to a hold rating in a research note on Friday, November 10th. Morgan Stanley lowered their target price on shares of Kraft Heinz from $92.00 to $88.00 and set an overweight rating on the stock in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Kraft Heinz from a sell rating to a hold rating in a report on Friday, December 29th. Citigroup decreased their price target on shares of Kraft Heinz from $90.00 to $82.00 and set a neutral rating on the stock in a report on Thursday, November 2nd. Finally, Susquehanna Bancshares decreased their price target on shares of Kraft Heinz from $83.00 to $80.00 and set a neutral rating on the stock in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $92.27.

Shares of Kraft Heinz (NASDAQ KHC) opened at $73.55 on Monday. Kraft Heinz has a 52 week low of $72.05 and a 52 week high of $97.77. 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 stock has a market cap of $90,544.35, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.00 and a beta of 0.43.

Several hedge funds have recently added to or reduced their stakes in the stock. Roundview Capital LLC grew its holdings in shares of Kraft Heinz by 22.4% during the 4th quarter. Roundview Capital LLC now owns 33,259 shares of the company’s stock valued at $2,586,000 after purchasing an additional 6,076 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in shares of Kraft Heinz by 42.9% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 10,916 shares of the company’s stock valued at $849,000 after purchasing an additional 3,275 shares during the last quarter. NuWave Investment Management LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at $1,223,000. Wealthstreet Investment Advisors LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at $2,828,000. Finally, Meyer Handelman Co. grew its holdings in shares of Kraft Heinz by 0.6% during the 4th quarter. Meyer Handelman Co. now owns 124,501 shares of the company’s stock valued at $9,681,000 after purchasing an additional 750 shares during the last quarter. 61.92% of the stock is currently owned by institutional investors.

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About 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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