Kraft Heinz (KHC) Getting Somewhat Favorable Press Coverage, Analysis Finds

Media stories about Kraft Heinz (NASDAQ:KHC) have trended somewhat positive on Monday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kraft Heinz earned a news impact score of 0.05 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.2625982635625 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

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NASDAQ:KHC traded down $2.23 on Monday, reaching $60.06. 5,293,809 shares of the company’s stock were exchanged, compared to its average volume of 5,160,021. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.72 and a quick ratio of 0.44. The firm has a market capitalization of $75,923.79, a PE ratio of 16.92, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. Kraft Heinz has a 52-week low of $59.79 and a 52-week high of $93.88.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.06). The business had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.91 billion. Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the company earned $0.08 earnings per share. analysts expect that Kraft Heinz will post 3.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were paid a dividend of $0.625 per share. The ex-dividend date was Thursday, March 8th. This represents a $2.50 dividend on an annualized basis and a yield of 4.16%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.42%.

A number of research firms have commented on KHC. Barclays decreased their target price on shares of Kraft Heinz from $80.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday. Societe Generale began coverage on shares of Kraft Heinz in a research report on Thursday, March 15th. They issued a “sell” rating on the stock. Zacks Investment Research cut shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. Argus reaffirmed a “buy” rating and issued a $74.00 target price (down previously from $93.00) on shares of Kraft Heinz in a research report on Wednesday, March 7th. Finally, Credit Suisse Group raised shares of Kraft Heinz to a “buy” rating and set a $77.00 target price on the stock in a research report on Monday, February 26th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Kraft Heinz currently has a consensus rating of “Buy” and a consensus target price of $85.37.

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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.

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