The Kraft Heinz (NASDAQ:KHC) Receiving Somewhat Positive Press Coverage, Analysis Shows
Media coverage about The Kraft Heinz (NASDAQ:KHC) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Kraft Heinz earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.1194659451317 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- The Kraft Heinz Company 2017 Q2 – Results – Earnings Call Slides (seekingalpha.com)
- ETFs with exposure to The Kraft Heinz Co. : August 18, 2017 (finance.yahoo.com)
- Kraft Heinz Is Hungry For Growth (seekingalpha.com)
- The Kraft Heinz Company (KHC) Ex-Dividend Date… (nasdaq.com)
- See what the IHS Markit Score report has to say about Kraft Heinz Co. (finance.yahoo.com)
Shares of The Kraft Heinz (KHC) traded down 0.73% during mid-day trading on Friday, hitting $84.49. 2,833,525 shares of the company traded hands. The Kraft Heinz has a 52-week low of $79.69 and a 52-week high of $97.77. The firm has a 50-day moving average price of $85.82 and a 200 day moving average price of $89.65. The firm has a market cap of $102.93 billion, a price-to-earnings ratio of 27.08 and a beta of 0.44.
The Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The Kraft Heinz’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. Equities research analysts anticipate that The Kraft Heinz will post $3.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Wednesday, August 16th. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio is currently 79.87%.
Several research analysts have issued reports on the stock. Royal Bank Of Canada set a $96.00 price objective on shares of The Kraft Heinz and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Piper Jaffray Companies set a $92.00 price objective on shares of The Kraft Heinz and gave the stock a “hold” rating in a research report on Wednesday. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $85.00 price objective (down from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $99.00 price objective (down from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $97.31.
About The Kraft Heinz
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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