The Kraft Heinz Company (KHC) Receives $97.21 Average Price Target from Analysts

Shares of The Kraft Heinz Company (NASDAQ:KHC) have been assigned a consensus rating of “Buy” from the seventeen brokerages that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $97.21.

A number of equities analysts have recently commented on KHC shares. Credit Suisse Group reiterated an “outperform” rating on shares of The Kraft Heinz Company in a report on Sunday, April 23rd. Zacks Investment Research upgraded shares of The Kraft Heinz Company from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Berenberg Bank initiated coverage on shares of The Kraft Heinz Company in a report on Wednesday, June 7th. They set a “buy” rating and a $102.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of The Kraft Heinz Company in a report on Thursday, February 16th. Finally, Vetr upgraded shares of The Kraft Heinz Company from a “hold” rating to a “buy” rating and set a $95.36 target price on the stock in a report on Wednesday, March 1st.

The Kraft Heinz Company (NASDAQ:KHC) traded down 2.44% on Tuesday, reaching $89.41. The company’s stock had a trading volume of 7,470,649 shares. The Kraft Heinz Company has a 12 month low of $79.69 and a 12 month high of $97.77. The firm’s 50 day moving average is $90.96 and its 200-day moving average is $89.60. The firm has a market cap of $108.87 billion, a P/E ratio of 31.82 and a beta of 0.42.

The Kraft Heinz Company (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.44 billion. The Kraft Heinz Company had a return on equity of 7.25% and a net margin of 13.12%. The Kraft Heinz Company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. On average, equities research analysts anticipate that The Kraft Heinz Company will post $3.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 19th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.68%. The ex-dividend date is Wednesday, May 17th. The Kraft Heinz Company’s dividend payout ratio (DPR) is currently 85.11%.

A number of large investors have recently bought and sold shares of KHC. Rockefeller Financial Services Inc. increased its stake in The Kraft Heinz Company by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares during the period. Bollard Group LLC increased its stake in The Kraft Heinz Company by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock valued at $104,000 after buying an additional 8 shares during the period. Crestwood Advisors Group LLC bought a new stake in The Kraft Heinz Company during the first quarter valued at $109,000. Northwest Quadrant Wealth Management LLC bought a new stake in The Kraft Heinz Company during the fourth quarter valued at $128,000. Finally, Blue Chip Partners Inc. increased its stake in The Kraft Heinz Company by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after buying an additional 8 shares during the period. 62.64% of the stock is owned by hedge funds and other institutional investors.

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About The Kraft Heinz Company

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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