The Kraft Heinz Company (NASDAQ:KHC) has been assigned a $100.00 price objective by investment analysts at Credit Suisse Group in a research note issued on Sunday. The firm presently has a “buy” rating on the stock. Credit Suisse Group’s target price would suggest a potential upside of 22.37% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada set a $96.00 target price on The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, June 3rd. Susquehanna Bancshares Inc set a $99.00 target price on The Kraft Heinz and gave the company a “hold” rating in a research note on Tuesday, June 6th. Berenberg Bank assumed coverage on The Kraft Heinz in a research note on Wednesday, June 7th. They issued a “buy” rating and a $102.00 target price for the company. Piper Jaffray Companies assumed coverage on The Kraft Heinz in a research note on Wednesday, May 24th. They issued a “neutral” rating and a $94.00 target price for the company. Finally, BMO Capital Markets restated a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $97.26.

Shares of The Kraft Heinz (NASDAQ:KHC) traded up 0.581% on Friday, reaching $82.195. The company had a trading volume of 596,599 shares. The firm has a market capitalization of $100.13 billion, a P/E ratio of 26.345 and a beta of 0.45. The company’s 50-day moving average price is $84.91 and its 200 day moving average price is $88.89. The Kraft Heinz has a 52 week low of $79.69 and a 52 week high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. On average, analysts expect that The Kraft Heinz will post $3.24 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Intl Fcstone Inc. acquired a new position in shares of The Kraft Heinz during the second quarter worth approximately $270,000. M Holdings Securities Inc. acquired a new position in shares of The Kraft Heinz during the second quarter worth approximately $221,000. Griffin Asset Management Inc. acquired a new position in shares of The Kraft Heinz during the second quarter worth approximately $763,000. Navellier & Associates Inc boosted its position in shares of The Kraft Heinz by 3.8% during the second quarter. Navellier & Associates Inc now owns 21,963 shares of the company’s stock worth $1,881,000 after buying an additional 803 shares during the period. Finally, WFG Advisors LP boosted its position in shares of The Kraft Heinz by 13.4% during the second quarter. WFG Advisors LP now owns 4,385 shares of the company’s stock worth $376,000 after buying an additional 517 shares during the period. Institutional investors and hedge funds own 61.91% of the company’s stock.

The Kraft Heinz 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.

Analyst Recommendations for The Kraft Heinz (NASDAQ:KHC)

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