Wall Street brokerages expect that Kraft Heinz Co (NASDAQ:KHC) will post $6.64 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for Kraft Heinz’s earnings. The lowest sales estimate is $6.58 billion and the highest is $6.71 billion. Kraft Heinz reported sales of $6.69 billion during the same quarter last year, which indicates a negative year over year growth rate of 0.7%. The firm is scheduled to issue its next quarterly earnings results on Friday, August 2nd.

According to Zacks, analysts expect that Kraft Heinz will report full year sales of $25.84 billion for the current financial year, with estimates ranging from $25.59 billion to $26.05 billion. For the next fiscal year, analysts expect that the firm will report sales of $26.04 billion, with estimates ranging from $25.81 billion to $26.32 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Kraft Heinz.

A number of brokerages have recently commented on KHC. UBS Group restated a “buy” rating and issued a $25.00 target price on shares of Infineon Technologies in a research note on Tuesday, May 7th. Credit Suisse Group restated a “buy” rating on shares of STMicroelectronics in a research note on Tuesday, July 2nd. Piper Jaffray Companies set a $360.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Friday, May 31st. Evercore ISI began coverage on Mondelez International in a research note on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 target price on the stock. Finally, Zacks Investment Research downgraded GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $41.22.

Shares of KHC traded up $0.30 during mid-day trading on Monday, reaching $31.85. The company had a trading volume of 3,745,645 shares, compared to its average volume of 5,944,353. Kraft Heinz has a 52-week low of $26.96 and a 52-week high of $64.99. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $38.49 billion, a PE ratio of 9.02, a P/E/G ratio of 3.08 and a beta of 0.76. The company has a 50 day moving average price of $30.76.

A number of hedge funds have recently modified their holdings of KHC. Norges Bank purchased a new position in Kraft Heinz during the fourth quarter worth approximately $355,973,000. Magellan Asset Management Ltd boosted its position in Kraft Heinz by 12.2% during the first quarter. Magellan Asset Management Ltd now owns 37,093,237 shares of the company’s stock worth $1,211,094,000 after purchasing an additional 4,046,115 shares in the last quarter. FMR LLC boosted its position in Kraft Heinz by 16.7% during the fourth quarter. FMR LLC now owns 10,146,066 shares of the company’s stock worth $436,686,000 after purchasing an additional 1,452,407 shares in the last quarter. Geode Capital Management LLC boosted its position in Kraft Heinz by 12.7% during the fourth quarter. Geode Capital Management LLC now owns 8,516,204 shares of the company’s stock worth $366,004,000 after purchasing an additional 957,359 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Kraft Heinz by 1,617.7% during the first quarter. SG Americas Securities LLC now owns 670,834 shares of the company’s stock worth $21,903,000 after purchasing an additional 631,779 shares in the last quarter. Institutional investors own 58.12% of the company’s stock.

About Kraft Heinz

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.

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

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