Analysts expect Kraft Heinz Co (NASDAQ:KHC) to report sales of $6.90 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Kraft Heinz’s earnings. The highest sales estimate is $7.01 billion and the lowest is $6.82 billion. Kraft Heinz posted sales of $6.86 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 0.6%. The business is expected to issue its next quarterly earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Kraft Heinz will report full-year sales of $6.90 billion for the current fiscal year, with estimates ranging from $26.18 billion to $26.36 billion. For the next year, analysts anticipate that the firm will post sales of $26.78 billion per share, with estimates ranging from $26.50 billion to $27.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Kraft Heinz.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year.

KHC has been the subject of a number of research reports. BMO Capital Markets dropped their target price on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a report on Thursday, November 2nd. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Citigroup dropped their price objective on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Piper Jaffray Companies raised shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $92.00 to $90.00 in a report on Friday, October 6th. Finally, Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $92.49.

Kraft Heinz (NASDAQ KHC) traded up $0.33 during trading on Thursday, hitting $79.28. 3,028,300 shares of the stock were exchanged, compared to its average volume of 3,110,771. Kraft Heinz has a fifty-two week low of $75.21 and a fifty-two week high of $97.77. The stock has a market capitalization of $96,198.05, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 2.19 and a beta of 0.45. 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 business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a $0.625 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.15%. Kraft Heinz’s payout ratio is currently 77.88%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Kraft Heinz by 2,314.8% during the first quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock worth $2,956,129,000 after purchasing an additional 31,204,852 shares in the last quarter. Morgan Stanley lifted its position in shares of Kraft Heinz by 55.6% during the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock worth $759,605,000 after purchasing an additional 2,988,664 shares in the last quarter. FMR LLC lifted its position in shares of Kraft Heinz by 30.0% during the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after purchasing an additional 2,659,846 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Kraft Heinz by 3.9% during the first quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock worth $3,827,601,000 after purchasing an additional 1,585,231 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Kraft Heinz during the second quarter worth about $102,151,000. 62.06% of the stock is currently owned by institutional investors.

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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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