Credit Suisse Group AG Reaffirms Outperform Rating for Kraft Heinz Co (KHC)
KHC has been the subject of a number of other reports. Vetr raised shares of Kraft Heinz from a hold rating to a buy rating and set a $95.36 price objective for the company in a research note on Monday, March 27th. Sanford C. Bernstein reaffirmed an outperform rating and set a $110.00 price objective on shares of Kraft Heinz in a research note on Sunday, February 19th. Susquehanna Bancshares Inc lowered shares of Kraft Heinz from a positive rating to a neutral rating in a research note on Thursday, February 16th. Goldman Sachs Group Inc upped their price objective on shares of Kraft Heinz from $95.00 to $96.00 and gave the company a buy rating in a research note on Tuesday, April 4th. Finally, Citigroup Inc raised shares of Kraft Heinz from a sell rating to a neutral rating in a research note on Wednesday, January 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $98.20.
Shares of Kraft Heinz (NASDAQ:KHC) traded down 0.48% during mid-day trading on Friday, hitting $91.60. 1,969,817 shares of the company traded hands. The firm has a 50-day moving average price of $91.50 and a 200 day moving average price of $88.18. The firm has a market cap of $111.49 billion, a price-to-earnings ratio of 32.60 and a beta of 0.42. Kraft Heinz has a 52-week low of $77.13 and a 52-week high of $97.77.
Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 15th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Kraft Heinz had a net margin of 10.44% and a return on equity of 6.40%. The company earned $6.86 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. Equities research analysts anticipate that Kraft Heinz will post $3.24 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Bollard Group LLC raised its stake in Kraft Heinz by 815.4% in the third quarter. Bollard Group LLC now owns 1,126 shares of the company’s stock worth $101,000 after buying an additional 1,003 shares during the period. TLP Group LLC bought a new stake in Kraft Heinz during the third quarter worth about $126,000. Northwest Quadrant Wealth Management LLC bought a new stake in Kraft Heinz during the fourth quarter worth about $128,000. Enterprise Financial Services Corp raised its stake in Kraft Heinz by 13.4% in the third quarter. Enterprise Financial Services Corp now owns 1,452 shares of the company’s stock worth $130,000 after buying an additional 172 shares during the period. Finally, First Financial Corp IN raised its stake in Kraft Heinz by 5.5% in the first quarter. First Financial Corp IN now owns 1,548 shares of the company’s stock worth $140,000 after buying an additional 81 shares during the period. 61.47% of the stock is owned by institutional investors and hedge funds.
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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