$6.32 Billion in Sales Expected for Kraft Heinz Co (KHC) This Quarter

Equities research analysts forecast that Kraft Heinz Co (NASDAQ:KHC) will post sales of $6.32 billion for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Kraft Heinz’s earnings, with the lowest sales estimate coming in at $6.28 billion and the highest estimate coming in at $6.35 billion. Kraft Heinz reported sales of $6.31 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 0.2%. The business is scheduled to issue its next earnings report on Wednesday, November 7th.

On average, analysts expect that Kraft Heinz will report full year sales of $26.25 billion for the current year, with estimates ranging from $26.16 billion to $26.32 billion. For the next financial year, analysts anticipate that the firm will post sales of $26.52 billion, with estimates ranging from $26.13 billion to $27.03 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Kraft Heinz.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Friday, August 3rd. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.92 by $0.08. Kraft Heinz had a return on equity of 6.16% and a net margin of 40.85%. The business had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. Kraft Heinz’s revenue for the quarter was up .7% on a year-over-year basis.

KHC has been the topic of several research analyst reports. BidaskClub upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. Zacks Investment Research downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. Bank of America set a $85.00 price objective on Kraft Heinz and gave the company a “buy” rating in a research note on Monday, August 6th. Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 price objective on shares of Kraft Heinz in a research note on Tuesday, August 7th. Finally, Morgan Stanley initiated coverage on Kraft Heinz in a research note on Monday, September 17th. They issued an “underweight” rating and a $52.00 price objective on the stock. Six analysts have rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $72.02.

In other Kraft Heinz news, EVP Eduardo Pelleissone sold 35,000 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $63.85, for a total transaction of $2,234,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Global Food Holdings Lp 3G sold 20,630,314 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $59.85, for a total value of $1,234,724,292.90. The disclosure for this sale can be found here. Corporate insiders own 26.81% of the company’s stock.

Large investors have recently bought and sold shares of the business. Integrated Investment Consultants LLC raised its position in shares of Kraft Heinz by 133.5% in the second quarter. Integrated Investment Consultants LLC now owns 1,688 shares of the company’s stock worth $106,000 after buying an additional 965 shares in the last quarter. Stevens First Principles Investment Advisors purchased a new stake in shares of Kraft Heinz in the second quarter worth $108,000. Mainstay Capital Management LLC ADV raised its position in shares of Kraft Heinz by 5,429.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 6,414 shares of the company’s stock worth $108,000 after buying an additional 6,298 shares in the last quarter. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Kraft Heinz in the second quarter worth $113,000. Finally, Rainier Group Investment Advisory LLC purchased a new stake in shares of Kraft Heinz in the first quarter worth $118,000. Hedge funds and other institutional investors own 62.82% of the company’s stock.

Kraft Heinz stock traded up $1.17 during trading on Monday, hitting $57.06. The stock had a trading volume of 6,106,400 shares, compared to its average volume of 5,345,392. Kraft Heinz has a 1 year low of $54.11 and a 1 year high of $82.48. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 0.48. The company has a market cap of $67.19 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.88 and a beta of 0.51.

The business also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 17th were given a dividend of $0.625 per share. The ex-dividend date was Thursday, August 16th. This represents a $2.50 annualized dividend and a dividend yield of 4.38%. Kraft Heinz’s dividend payout ratio is currently 70.42%.

Kraft Heinz Company Profile

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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Earnings History and Estimates for Kraft Heinz (NASDAQ:KHC)

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