The Kraft Heinz Company (KHC) Given Consensus Recommendation of “Buy” by Brokerages
The Kraft Heinz Company (NASDAQ:KHC) has earned a consensus recommendation of “Buy” from the nineteen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $96.11.
KHC has been the subject of a number of research reports. Royal Bank Of Canada set a $96.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, June 3rd. 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 issued a $85.00 price target (down from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. TheStreet raised shares of The Kraft Heinz from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $99.00 price target (down from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th.
Shares of The Kraft Heinz (NASDAQ:KHC) traded down 1.89% during trading on Friday, hitting $77.52. The stock had a trading volume of 4,792,556 shares. The stock’s 50 day moving average price is $81.65 and its 200-day moving average price is $81.65. The stock has a market cap of $94.44 billion, a P/E ratio of 24.85 and a beta of 0.45. The Kraft Heinz has a one year low of $77.40 and a one year high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. Analysts expect that The Kraft Heinz will post $3.24 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were paid a $0.625 dividend. The ex-dividend date was Wednesday, August 16th. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 dividend on an annualized basis and a yield of 3.22%. The Kraft Heinz’s payout ratio is currently 79.87%.
A number of hedge funds and other institutional investors have recently bought and sold shares of KHC. Waldron LP increased its stake in The Kraft Heinz by 5.8% in the first quarter. Waldron LP now owns 4,518 shares of the company’s stock valued at $410,000 after purchasing an additional 247 shares during the period. Greenleaf Trust increased its stake in shares of The Kraft Heinz by 2.5% during the first quarter. Greenleaf Trust now owns 2,805 shares of the company’s stock worth $255,000 after acquiring an additional 69 shares during the period. Oxbow Advisors LLC increased its stake in shares of The Kraft Heinz by 2.2% during the first quarter. Oxbow Advisors LLC now owns 10,003 shares of the company’s stock worth $908,000 after acquiring an additional 220 shares during the period. Rockefeller Financial Services Inc. increased its stake in shares of The Kraft Heinz by 240.2% during the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock worth $103,000 after acquiring an additional 800 shares during the period. Finally, Linscomb & Williams Inc. increased its stake in shares of The Kraft Heinz by 1.5% during the first quarter. Linscomb & Williams Inc. now owns 7,543 shares of the company’s stock worth $685,000 after acquiring an additional 114 shares during the period. Institutional investors own 61.80% of the company’s stock.
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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.
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