BidaskClub cut shares of The Kraft Heinz Company (NASDAQ:KHC) from a sell rating to a strong sell rating in a report issued on Wednesday morning.
KHC has been the subject of a number of other reports. Credit Suisse Group reiterated an outperform rating on shares of The Kraft Heinz Company in a report on Sunday, April 23rd. Vetr upgraded The Kraft Heinz Company from a hold rating to a buy rating and set a $95.36 price target for the company in a report on Monday, March 27th. Goldman Sachs Group, Inc. (The) upped their price target on The Kraft Heinz Company from $95.00 to $96.00 and gave the stock a buy rating in a report on Tuesday, April 4th. Zacks Investment Research upgraded The Kraft Heinz Company from a sell rating to a hold rating in a report on Tuesday, May 2nd. Finally, Susquehanna Bancshares Inc set a $99.00 price target on The Kraft Heinz Company and gave the stock a hold rating in a report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $98.49.
The Kraft Heinz Company (NASDAQ:KHC) traded up 0.28% during mid-day trading on Wednesday, hitting $83.27. 1,816,841 shares of the stock were exchanged. The Kraft Heinz Company has a one year low of $79.69 and a one year high of $97.77. The company has a 50-day moving average price of $90.71 and a 200-day moving average price of $90.03. The company has a market cap of $101.39 billion, a P/E ratio of 29.63 and a beta of 0.44.
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 Kraft Heinz Company had a return on equity of 7.25% and a net margin of 13.12%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, May 19th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Wednesday, May 17th. The Kraft Heinz Company’s dividend payout ratio (DPR) is 85.11%.
A number of hedge funds have recently made changes to their positions in KHC. Rockefeller Financial Services Inc. boosted its stake in shares of 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 worth $103,000 after buying an additional 800 shares during the period. Bollard Group LLC boosted its stake in shares of The Kraft Heinz Company by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock worth $104,000 after buying an additional 8 shares during the period. Crestwood Advisors Group LLC bought a new stake in shares of The Kraft Heinz Company during the first quarter worth $109,000. Northwest Quadrant Wealth Management LLC bought a new stake in shares of The Kraft Heinz Company during the fourth quarter worth $128,000. Finally, Blue Chip Partners Inc. boosted its stake in shares of 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 worth $134,000 after buying an additional 8 shares during the period. Hedge funds and other institutional investors own 62.61% of the company’s stock.
The Kraft Heinz Company Company Profile
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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