Deutsche Bank Aktiengesellschaft Boosts Kraft Heinz (NASDAQ:KHC) Price Target to $43.00

Kraft Heinz (NASDAQ:KHC) had its price target raised by investment analysts at Deutsche Bank Aktiengesellschaft from $42.00 to $43.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 16.94% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company decreased their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Bank of America raised their price objective on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday. Finally, Citigroup began coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.57.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded down $0.13 during midday trading on Thursday, reaching $36.77. 3,307,030 shares of the company’s stock traded hands, compared to its average volume of 8,076,965. Kraft Heinz has a 1 year low of $30.68 and a 1 year high of $41.47. The company has a market cap of $44.70 billion, a P/E ratio of 15.89, a PEG ratio of 2.89 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99. The company has a fifty day simple moving average of $35.86 and a two-hundred day simple moving average of $35.34.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s revenue was down 7.1% on a year-over-year basis. Equities analysts predict that Kraft Heinz will post 3.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Kraft Heinz

Several institutional investors have recently bought and sold shares of KHC. Steward Partners Investment Solutions LLC acquired a new position in Kraft Heinz in the 4th quarter valued at about $25,000. OFI Invest Asset Management acquired a new position in Kraft Heinz in the 3rd quarter valued at about $26,000. Ancora Advisors LLC grew its position in Kraft Heinz by 69.9% in the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock valued at $26,000 after acquiring an additional 272 shares in the last quarter. Riverview Trust Co acquired a new position in Kraft Heinz in the 3rd quarter valued at about $27,000. Finally, O Dell Group LLC acquired a new position in Kraft Heinz in the 4th quarter valued at about $31,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.