Kraft Heinz Co (NASDAQ:KHC) has been given a consensus rating of “Hold” by the twenty-three brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.06.
Several equities research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of Kraft Heinz to $37.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. ValuEngine upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley lifted their target price on shares of Kraft Heinz from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday. Piper Jaffray Companies set a $33.00 target price on shares of Kraft Heinz and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Barclays set a $32.00 target price on shares of Kraft Heinz and gave the stock a “hold” rating in a research report on Friday, November 1st.
NASDAQ:KHC traded up $0.13 during mid-day trading on Thursday, reaching $32.85. 4,422,700 shares of the company’s stock were exchanged, compared to its average volume of 9,605,735. The business’s fifty day simple moving average is $28.58 and its two-hundred day simple moving average is $29.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.65 and a current ratio of 1.00. Kraft Heinz has a one year low of $24.86 and a one year high of $54.87. The firm has a market capitalization of $40.19 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80.
Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, October 31st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.54 by $0.15. Kraft Heinz had a negative net margin of 42.85% and a positive return on equity of 6.23%. The business had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the company earned $0.78 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year. As a group, equities research analysts forecast that Kraft Heinz will post 2.78 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.60 annualized dividend and a yield of 4.87%. Kraft Heinz’s payout ratio is 45.33%.
In other news, major shareholder Global Food Holdings Lp 3G sold 25,068,657 shares of Kraft Heinz stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.44, for a total value of $712,952,605.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Damme Alexandre Van acquired 250,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $28.45 per share, with a total value of $7,112,500.00. Following the purchase, the director now directly owns 8,168 shares in the company, valued at $232,379.60. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in KHC. Putnam FL Investment Management Co. bought a new stake in Kraft Heinz during the 2nd quarter valued at $27,000. SRS Capital Advisors Inc. increased its stake in Kraft Heinz by 46.3% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,030 shares of the company’s stock valued at $29,000 after purchasing an additional 326 shares in the last quarter. Zions Bancorporation N.A. increased its stake in Kraft Heinz by 303.4% during the 2nd quarter. Zions Bancorporation N.A. now owns 960 shares of the company’s stock valued at $30,000 after purchasing an additional 722 shares in the last quarter. Atlas Capital Advisors LLC bought a new stake in Kraft Heinz during the 2nd quarter valued at $31,000. Finally, Horrell Capital Management Inc. bought a new stake in Kraft Heinz during the 2nd quarter valued at $31,000. Institutional investors own 56.67% 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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