Investors Sell Shares of Kraft Heinz (KHC) on Strength (KHC)

Traders sold shares of Kraft Heinz Co (NASDAQ:KHC) on strength during trading hours on Thursday. $57.37 million flowed into the stock on the tick-up and $95.87 million flowed out of the stock on the tick-down, for a money net flow of $38.50 million out of the stock. Of all equities tracked, Kraft Heinz had the 21st highest net out-flow for the day. Kraft Heinz traded up $0.12 for the day and closed at $59.40

A number of brokerages have recently commented on KHC. Morgan Stanley set a $73.00 target price on Kraft Heinz and gave the stock a “buy” rating in a report on Wednesday, April 18th. DZ Bank reiterated a “sell” rating on shares of Kraft Heinz in a report on Friday, May 4th. Credit Suisse Group set a $55.00 target price on Kraft Heinz and gave the stock a “hold” rating in a report on Thursday, May 3rd. BidaskClub upgraded Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Thursday, May 31st. Finally, Bank of America reiterated a “buy” rating and issued a $85.00 target price on shares of Kraft Heinz in a report on Thursday, May 3rd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $77.85.

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.72 and a quick ratio of 0.42. The firm has a market cap of $73.46 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.99 and a beta of 0.59.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.07. Kraft Heinz had a return on equity of 7.06% and a net margin of 42.41%. The company had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $6.32 billion. During the same quarter in the previous year, the business earned $0.84 EPS. Kraft Heinz’s revenue was down .3% compared to the same quarter last year. analysts forecast that Kraft Heinz Co will post 3.78 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of KHC. Integrated Investment Consultants LLC raised its position in Kraft Heinz by 133.5% during the 2nd quarter. Integrated Investment Consultants LLC now owns 1,688 shares of the company’s stock valued at $106,000 after purchasing an additional 965 shares in the last quarter. Princeton Capital Management LLC bought a new stake in Kraft Heinz during the 1st quarter valued at $112,000. Kiley Juergens Wealth Management LLC bought a new stake in Kraft Heinz during the 2nd quarter valued at $113,000. Rainier Group Investment Advisory LLC bought a new stake in Kraft Heinz during the 1st quarter valued at $118,000. Finally, Financial Gravity Wealth Inc. bought a new stake in Kraft Heinz during the 1st quarter valued at $126,000. Institutional investors own 62.38% 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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