The Kraft Heinz Company (KHC) Receives Buy Rating from Royal Bank Of Canada
KHC has been the topic of a number of other research reports. Berenberg Bank set a $102.00 target price on shares of The Kraft Heinz and gave the company a buy rating in a research note on Monday, August 7th. Susquehanna Bancshares Inc reiterated a neutral rating and issued a $85.00 price target (down from $94.00) on shares of The Kraft Heinz in a research note on Wednesday, August 9th. Zacks Investment Research downgraded The Kraft Heinz from a hold rating to a sell rating in a research note on Tuesday, August 8th. TheStreet upgraded The Kraft Heinz from a c rating to a b- rating in a research note on Thursday, August 3rd. Finally, Piper Jaffray Companies set a $92.00 price objective on The Kraft Heinz and gave the company a hold rating in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $96.53.
The Kraft Heinz (KHC) traded down 0.1069% during mid-day trading on Tuesday, reaching $77.7368. 2,690,104 shares of the company’s stock were exchanged. The company has a market capitalization of $94.70 billion, a P/E ratio of 24.9156 and a beta of 0.44. The company’s 50 day moving average price is $79.67 and its 200-day moving average price is $79.67. The Kraft Heinz has a 52 week low of $76.76 and a 52 week high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion for the quarter, compared to analysts’ expectations 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 was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, equities research analysts expect that The Kraft Heinz will post $3.24 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were issued a $0.625 dividend. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, August 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.21%. The Kraft Heinz’s dividend payout ratio (DPR) is 79.87%.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in The Kraft Heinz by 1.2% in the second quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after buying an additional 487,241 shares during the period. BlackRock Inc. lifted its stake in The Kraft Heinz by 1.7% in the second quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock valued at $2,835,974,000 after buying an additional 562,183 shares during the last quarter. State Street Corp lifted its stake in The Kraft Heinz by 2.8% in the first quarter. State Street Corp now owns 24,579,995 shares of the company’s stock valued at $2,232,113,000 after buying an additional 680,941 shares during the last quarter. FMR LLC boosted its holdings in shares of The Kraft Heinz by 30.0% during the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after acquiring an additional 2,659,846 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of The Kraft Heinz by 55.6% during the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after acquiring an additional 2,988,664 shares during the period. Institutional investors and hedge funds own 61.80% 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.
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