BidaskClub lowered shares of Kraft Heinz (NASDAQ:KHC) from a hold rating to a sell rating in a report published on Saturday.

Other research analysts have also recently issued reports about the stock. UBS reiterated a buy rating and issued a $89.00 target price (down from $97.00) on shares of Kraft Heinz in a research note on Friday, October 13th. Royal Bank of Canada reiterated a buy rating and issued a $95.00 target price on shares of Kraft Heinz in a research note on Friday, September 1st. Credit Suisse Group set a $100.00 target price on shares of Kraft Heinz and gave the company a buy rating in a research note on Sunday, September 10th. Stifel Nicolaus reiterated a buy rating and issued a $95.00 target price on shares of Kraft Heinz in a research note on Thursday, September 21st. Finally, Susquehanna Bancshares reiterated a hold rating and issued a $84.00 target price on shares of Kraft Heinz in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Kraft Heinz currently has an average rating of Buy and an average target price of $92.49.

Kraft Heinz (NASDAQ KHC) opened at $78.95 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The firm has a market cap of $95,625.38, a PE ratio of 22.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.45. Kraft Heinz has a 52 week low of $75.21 and a 52 week high of $97.77.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. equities research analysts anticipate that Kraft Heinz will post 3.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, November 16th. Kraft Heinz’s payout ratio is currently 77.88%.

Several hedge funds have recently made changes to their positions in KHC. Symphony Asset Management LLC increased its holdings in Kraft Heinz by 15.6% during the 2nd quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock worth $2,772,000 after acquiring an additional 4,377 shares during the period. Pennsylvania Trust Co increased its holdings in Kraft Heinz by 8.9% during the 2nd quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock worth $5,663,000 after acquiring an additional 5,422 shares during the period. Edmond DE Rothschild Holding S.A. increased its holdings in Kraft Heinz by 40.9% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock worth $519,000 after acquiring an additional 1,760 shares during the period. Creative Planning increased its holdings in Kraft Heinz by 1.9% during the 2nd quarter. Creative Planning now owns 80,094 shares of the company’s stock worth $6,859,000 after acquiring an additional 1,485 shares during the period. Finally, U S Global Investors Inc. bought a new stake in Kraft Heinz during the 2nd quarter worth approximately $388,000. Institutional investors own 62.06% of the company’s stock.

WARNING: This piece of content was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/13/kraft-heinz-khc-stock-rating-lowered-by-bidaskclub.html.

About 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.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

Receive News & Stock Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related stocks with our FREE daily email newsletter.