Kraft Heinz (NASDAQ:KHC) was downgraded by investment analysts at TheStreet from a “c-” rating to a “d+” rating in a research note issued on Wednesday.

A number of other research analysts have also recently commented on KHC. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $35.00 price objective on shares of Kraft Heinz in a research note on Monday, March 4th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Kraft Heinz in a research note on Friday, March 8th. Societe Generale raised Kraft Heinz from a “sell” rating to a “hold” rating and reduced their price objective for the company from $45.00 to $34.00 in a research note on Friday, March 1st. Finally, Wolfe Research cut Kraft Heinz from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $45.35.

KHC opened at $31.87 on Wednesday. The firm has a market capitalization of $39.39 billion, a P/E ratio of 9.03, a PEG ratio of 2.41 and a beta of 0.58. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Kraft Heinz has a 52 week low of $31.60 and a 52 week high of $66.67.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.10). The firm had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.93 billion. Kraft Heinz had a negative net margin of 38.95% and a positive return on equity of 6.89%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. As a group, sell-side analysts anticipate that Kraft Heinz will post 2.94 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arbor Wealth Management LLC bought a new stake in shares of Kraft Heinz in the fourth quarter worth about $141,000. Belpointe Asset Management LLC grew its stake in shares of Kraft Heinz by 302.1% in the fourth quarter. Belpointe Asset Management LLC now owns 11,533 shares of the company’s stock worth $496,000 after purchasing an additional 8,665 shares during the last quarter. Sowell Financial Services LLC grew its stake in shares of Kraft Heinz by 28.9% in the fourth quarter. Sowell Financial Services LLC now owns 94,359 shares of the company’s stock worth $4,061,000 after purchasing an additional 21,178 shares during the last quarter. Norges Bank bought a new stake in shares of Kraft Heinz in the fourth quarter worth about $355,973,000. Finally, Actinver Wealth Management Inc. bought a new stake in shares of Kraft Heinz in the fourth quarter worth about $479,000. 61.80% of the stock is currently owned by institutional investors.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

Further Reading: Technical Analysis

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.