BidaskClub cut shares of Kraft Heinz (NASDAQ:KHC) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Other research analysts have also issued reports about the stock. Bank of America set a $85.00 price target on shares of Kraft Heinz and gave the stock a buy rating in a research note on Monday, August 6th. Jefferies Financial Group reiterated a buy rating and issued a $75.00 price target on shares of Kraft Heinz in a research note on Tuesday, August 7th. Zacks Investment Research upgraded shares of Kraft Heinz from a sell rating to a hold rating in a research note on Monday, August 27th. Morgan Stanley assumed coverage on shares of Kraft Heinz in a research note on Monday, September 17th. They issued an underweight rating and a $52.00 price target for the company. Finally, ValuEngine upgraded shares of Kraft Heinz from a strong sell rating to a sell rating in a research note on Friday, October 19th. Six research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $66.89.

NASDAQ:KHC opened at $51.30 on Tuesday. Kraft Heinz has a 12 month low of $50.41 and a 12 month high of $82.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.57. The stock has a market capitalization of $63.28 billion, a PE ratio of 14.45, a P/E/G ratio of 2.31 and a beta of 0.45.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, November 1st. The company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). Kraft Heinz had a return on equity of 6.62% and a net margin of 39.56%. The company had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, research analysts forecast that Kraft Heinz will post 3.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, November 15th. This represents a $2.50 dividend on an annualized basis and a yield of 4.87%. Kraft Heinz’s dividend payout ratio is currently 70.42%.

A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley increased its stake in Kraft Heinz by 3.9% during the 3rd quarter. Morgan Stanley now owns 12,113,755 shares of the company’s stock valued at $667,589,000 after purchasing an additional 451,572 shares in the last quarter. Legal & General Group Plc increased its stake in Kraft Heinz by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 3,065,442 shares of the company’s stock valued at $168,904,000 after purchasing an additional 174,254 shares in the last quarter. Buckingham Capital Management Inc. increased its stake in Kraft Heinz by 7.3% during the 3rd quarter. Buckingham Capital Management Inc. now owns 24,871 shares of the company’s stock valued at $1,371,000 after purchasing an additional 1,692 shares in the last quarter. Lombard Odier Asset Management USA Corp increased its stake in Kraft Heinz by 45.8% during the 3rd quarter. Lombard Odier Asset Management USA Corp now owns 175,000 shares of the company’s stock valued at $9,644,000 after purchasing an additional 55,000 shares in the last quarter. Finally, Birmingham Capital Management Co. Inc. AL increased its stake in Kraft Heinz by 9.5% during the 3rd quarter. Birmingham Capital Management Co. Inc. AL now owns 15,738 shares of the company’s stock valued at $867,000 after purchasing an additional 1,365 shares in the last quarter. Institutional investors and hedge funds own 63.99% of the company’s stock.

About Kraft Heinz

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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