Kraft Heinz Co (NASDAQ:KHC) – Stock analysts at Jefferies Group issued their FY2017 earnings estimates for Kraft Heinz in a report released on Friday. Jefferies Group analyst A. Jagdale forecasts that the company will earn $3.60 per share for the year. Jefferies Group has a “Buy” rating and a $95.00 price objective on the stock. Jefferies Group also issued estimates for Kraft Heinz’s Q4 2017 earnings at $0.95 EPS, Q1 2018 earnings at $0.94 EPS, Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $1.05 EPS, FY2018 earnings at $3.98 EPS, Q1 2019 earnings at $1.00 EPS, Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.12 EPS, FY2019 earnings at $4.23 EPS, FY2020 earnings at $4.52 EPS, FY2021 earnings at $4.78 EPS and FY2022 earnings at $5.06 EPS.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. The company 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%. Kraft Heinz’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS.

KHC has been the topic of a number of other research reports. Morgan Stanley lowered their price target on shares of Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. Susquehanna Bancshares reduced 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 note on Thursday, November 2nd. Goldman Sachs Group lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $95.00 to $87.00 in a research note on Wednesday, October 4th. Credit Suisse Group reiterated an “outperform” rating and issued a $90.00 price objective (down from $100.00) on shares of Kraft Heinz in a research note on Thursday, November 2nd. Finally, BidaskClub lowered shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $92.65.

Shares of Kraft Heinz (NASDAQ:KHC) opened at $80.17 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The company has a market cap of $97,670.00 and a P/E ratio of 24.98. Kraft Heinz has a 1-year low of $75.21 and a 1-year high of $97.77.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Symphony Asset Management LLC grew its position in shares of Kraft Heinz by 15.6% during the 2nd quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock valued at $2,772,000 after purchasing an additional 4,377 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its position in shares of 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 valued at $519,000 after purchasing an additional 1,760 shares in the last quarter. U S Global Investors Inc. purchased a new position in shares of Kraft Heinz during the 2nd quarter valued at $388,000. Iberiabank Corp grew its position in Kraft Heinz by 7.4% in the third quarter. Iberiabank Corp now owns 20,479 shares of the company’s stock worth $1,588,000 after acquiring an additional 1,415 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in 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 acquiring an additional 487,241 shares in the last quarter. Hedge funds and other institutional investors own 61.95% of the company’s stock.

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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.

Earnings History and Estimates for Kraft Heinz (NASDAQ:KHC)

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