Kraft Heinz (KHC) Scheduled to Post Quarterly Earnings on Wednesday

Kraft Heinz (NASDAQ:KHCGet Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.77 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $36.36 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39. The stock’s 50-day moving average is $37.05 and its 200 day moving average is $34.75. The stock has a market cap of $44.60 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 2.51 and a beta of 0.65. Kraft Heinz has a 1-year low of $30.68 and a 1-year high of $41.47.

Analyst Ratings Changes

Several equities analysts have recently issued reports on KHC shares. Morgan Stanley reduced their target price on Kraft Heinz from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. Sanford C. Bernstein raised Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Tuesday, November 14th. Bank of America dropped their target price on Kraft Heinz from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Evercore ISI raised Kraft Heinz from an “in-line” rating to an “outperform” rating and upped their price target for the company from $40.00 to $42.00 in a report on Monday, December 11th. Finally, Piper Sandler upped their price objective on Kraft Heinz from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.60.

View Our Latest Stock Report on KHC

Insider Activity

In other news, Director Miguel Patricio sold 131,500 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total value of $4,999,630.00. Following the sale, the director now directly owns 992,049 shares in the company, valued at $37,717,702.98. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Miguel Patricio sold 131,500 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total value of $4,999,630.00. Following the completion of the transaction, the director now directly owns 992,049 shares of the company’s stock, valued at approximately $37,717,702.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Lande Rashida La sold 13,238 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $35.00, for a total value of $463,330.00. Following the transaction, the chief accounting officer now owns 153,494 shares in the company, valued at $5,372,290. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Kraft Heinz

A number of hedge funds have recently modified their holdings of KHC. Ancora Advisors LLC raised its holdings in Kraft Heinz by 69.9% in the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after purchasing an additional 272 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $35,000. Salem Investment Counselors Inc. grew its position in Kraft Heinz by 69.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 907 shares of the company’s stock worth $37,000 after acquiring an additional 373 shares during the period. Compass Wealth Management LLC purchased a new position in Kraft Heinz in the fourth quarter worth approximately $49,000. Finally, Tyler Stone Wealth Management purchased a new position in Kraft Heinz in the second quarter worth approximately $55,000. Hedge funds and other institutional investors own 75.39% of the company’s stock.

Kraft Heinz Company Profile

(Get Free Report)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

Further Reading

Earnings History for Kraft Heinz (NASDAQ:KHC)

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