BidaskClub upgraded shares of Kraft Heinz (NASDAQ:KHC) from a sell rating to a hold rating in a research note published on Thursday, BidAskClub reports.

Several other equities analysts have also recently commented on KHC. Barclays set a $30.00 target price on Kraft Heinz and gave the company a hold rating in a research note on Friday, August 9th. Credit Suisse Group set a $26.00 target price on Kraft Heinz and gave the company a sell rating in a research note on Friday, August 9th. Bank of America set a $32.00 target price on Kraft Heinz and gave the company a neutral rating in a research note on Friday, August 9th. BMO Capital Markets reduced their target price on Kraft Heinz from $40.00 to $33.00 and set a market perform rating for the company in a research note on Monday, August 12th. Finally, Guggenheim set a $25.00 target price on Kraft Heinz and gave the company a sell rating in a research note on Monday, August 26th. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $36.05.

Shares of NASDAQ:KHC opened at $29.25 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.18 and a debt-to-equity ratio of 0.58. Kraft Heinz has a 52-week low of $24.86 and a 52-week high of $59.36. The company has a 50 day moving average of $27.76 and a two-hundred day moving average of $30.70. The company has a market capitalization of $35.42 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 2.43 and a beta of 0.77.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Kraft Heinz had a negative net margin of 43.40% and a positive return on equity of 6.06%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter last year, the company earned $0.90 earnings per share. Kraft Heinz’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities analysts anticipate that Kraft Heinz will post 2.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 21st were given a $0.40 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.47%. Kraft Heinz’s dividend payout ratio (DPR) is 45.33%.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Kraft Heinz by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 48,427,138 shares of the company’s stock worth $1,503,178,000 after acquiring an additional 630,178 shares during the period. BlackRock Inc. boosted its position in Kraft Heinz by 5.1% during the 2nd quarter. BlackRock Inc. now owns 38,743,271 shares of the company’s stock worth $1,202,590,000 after acquiring an additional 1,884,480 shares during the period. Magellan Asset Management Ltd boosted its position in Kraft Heinz by 12.2% during the 1st quarter. Magellan Asset Management Ltd now owns 37,093,237 shares of the company’s stock worth $1,211,094,000 after acquiring an additional 4,046,115 shares during the period. Invesco Ltd. boosted its position in Kraft Heinz by 2.7% during the 2nd quarter. Invesco Ltd. now owns 20,084,226 shares of the company’s stock worth $623,415,000 after acquiring an additional 527,530 shares during the period. Finally, Geode Capital Management LLC boosted its position in Kraft Heinz by 12.7% during the 4th quarter. Geode Capital Management LLC now owns 8,516,204 shares of the company’s stock worth $366,004,000 after acquiring an additional 957,359 shares during the period. Institutional investors and hedge funds own 56.45% 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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