Analysts forecast that Kraft Heinz Co (NASDAQ:KHC) will post $6.90 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Kraft Heinz’s earnings. The lowest sales estimate is $6.82 billion and the highest is $7.01 billion. Kraft Heinz reported sales of $6.86 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 21st.

On average, analysts expect that Kraft Heinz will report full year sales of $6.90 billion for the current financial year, with estimates ranging from $26.18 billion to $26.36 billion. For the next fiscal year, analysts forecast that the company will post sales of $26.78 billion per share, with estimates ranging from $26.50 billion to $27.30 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Kraft Heinz.

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

Several brokerages have issued reports on KHC. Morgan Stanley lowered their price objective on shares of Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Kraft Heinz in a research report on Thursday, September 21st. Susquehanna Bancshares lowered their price objective on shares of Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Goldman Sachs Group downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $95.00 to $87.00 in a research report on Wednesday, October 4th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $90.00 price objective (down previously from $100.00) on shares of Kraft Heinz in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Kraft Heinz has a consensus rating of “Buy” and a consensus price target of $92.49.

Kraft Heinz (NASDAQ KHC) traded up $1.29 during midday trading on Wednesday, reaching $78.64. 5,327,700 shares of the company traded hands, compared to its average volume of 3,857,130. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. Kraft Heinz has a 52-week low of $75.21 and a 52-week high of $97.77. The stock has a market capitalization of $97,580.00 and a price-to-earnings ratio of 24.50.

Several hedge funds have recently added to or reduced their stakes in KHC. Westside Investment Management Inc. boosted its holdings in Kraft Heinz by 16.6% in the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after purchasing an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in Kraft Heinz in the second quarter worth $121,000. Blue Chip Partners Inc. boosted its holdings in Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares during the period. Finally, GWM Advisors LLC acquired a new position in Kraft Heinz in the second quarter worth $137,000. 62.01% of the stock is owned by institutional investors and hedge funds.

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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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