BidaskClub upgraded shares of Kraft Heinz (NASDAQ:KHC) from a sell rating to a hold rating in a research note published on Thursday, BidAskClub reports.

A number of other research analysts have also recently weighed in on KHC. Evercore ISI began coverage on shares of Kraft Heinz in a report on Tuesday, June 11th. They issued an in-line rating and a $32.00 price objective for the company. Piper Jaffray Companies set a $26.00 price objective on shares of Kraft Heinz and gave the company a hold rating in a report on Wednesday, September 4th. UBS Group set a $30.00 price objective on shares of Kraft Heinz and gave the company a hold rating in a report on Friday, August 9th. Guggenheim set a $25.00 price objective on shares of Kraft Heinz and gave the company a sell rating in a report on Monday, August 26th. Finally, Credit Suisse Group set a $26.00 price objective on shares of Kraft Heinz and gave the company a sell rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $36.05.

KHC traded up $0.22 on Thursday, reaching $29.25. The stock had a trading volume of 3,438,291 shares, compared to its average volume of 7,514,371. Kraft Heinz has a 12-month low of $24.86 and a 12-month high of $59.91. The company has a current ratio of 1.18, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $27.81 and its two-hundred day moving average price is $30.73. The company has a market cap of $35.68 billion, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.77.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Kraft Heinz had a negative net margin of 43.40% and a positive return on equity of 6.06%. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter in the previous year, the company earned $0.90 earnings per share. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, analysts predict that Kraft Heinz will post 2.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, August 21st will be given a $0.40 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $1.60 annualized dividend and a dividend yield of 5.47%. Kraft Heinz’s dividend payout ratio (DPR) is 45.33%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. AGF Investments America Inc. boosted its position in Kraft Heinz by 1.8% during the second quarter. AGF Investments America Inc. now owns 19,364 shares of the company’s stock worth $601,000 after acquiring an additional 350 shares during the last quarter. Investment Management of Virginia LLC boosted its position in Kraft Heinz by 5.3% during the second quarter. Investment Management of Virginia LLC now owns 7,006 shares of the company’s stock worth $217,000 after acquiring an additional 350 shares during the last quarter. Close Asset Management Ltd boosted its position in Kraft Heinz by 6.4% during the second quarter. Close Asset Management Ltd now owns 6,003 shares of the company’s stock worth $186,000 after acquiring an additional 360 shares during the last quarter. Weik Capital Management boosted its position in Kraft Heinz by 4.9% during the first quarter. Weik Capital Management now owns 7,778 shares of the company’s stock worth $254,000 after acquiring an additional 365 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Kraft Heinz by 51.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,107 shares of the company’s stock worth $35,000 after acquiring an additional 375 shares during the last quarter. Institutional investors and hedge funds own 56.61% 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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Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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