Somewhat Critical Press Coverage Somewhat Unlikely to Impact Kraft Heinz (KHC) Stock Price
Media stories about Kraft Heinz (NASDAQ:KHC) have trended somewhat negative this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Kraft Heinz earned a daily sentiment score of 0.00 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.3863011565098 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Kraft-Heinz: Attractive Dividend Yield And Growth At A Reasonable … – Seeking Alpha (seekingalpha.com)
- Unilever picks Rotterdam for HQ as Britain loses the battle before Brexit (reuters.com)
- Societe Generale Begins Coverage on Kraft Heinz (KHC) (americanbankingnews.com)
- The Kraft Heinz Company (KHC) : Investors may need a consensus Analysts Rating – Wall Street Morning (wallstreetmorning.com)
- Unilever set to give up London HQ in Dutch shift: Sky News (uk.reuters.com)
Kraft Heinz (NASDAQ:KHC) opened at $65.46 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 0.43. The firm has a market cap of $81,152.77, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.80 and a beta of 0.58. Kraft Heinz has a 12-month low of $65.11 and a 12-month high of $93.88.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.82%. The ex-dividend date is Thursday, March 8th. Kraft Heinz’s dividend payout ratio (DPR) is presently 27.90%.
Several research analysts have weighed in on the stock. Societe Generale began coverage on shares of Kraft Heinz in a research report on Thursday. They issued a “sell” rating on the stock. Zacks Investment Research cut shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday. Argus reaffirmed a “buy” rating and set a $74.00 target price (down from $93.00) on shares of Kraft Heinz in a research note on Wednesday, March 7th. Credit Suisse Group raised shares of Kraft Heinz to a “buy” rating and set a $77.00 target price for the company in a research note on Monday, February 26th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $81.00 price objective (down from $87.00) on shares of Kraft Heinz in a research note on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $85.78.
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About Kraft Heinz
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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