Kraft Heinz Company (NASDAQ:KHC - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the eighteen ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $30.29.
Several research firms have recently issued reports on KHC. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the company a "neutral" rating in a report on Wednesday, May 28th. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Citigroup reiterated a "sell" rating and set a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Finally, The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $25.00 to $27.00 in a report on Wednesday, June 25th.
Get Our Latest Stock Report on Kraft Heinz
Kraft Heinz Trading Up 2.5%
Shares of Kraft Heinz stock traded up $0.67 during trading on Friday, hitting $27.14. The stock had a trading volume of 52,405,188 shares, compared to its average volume of 10,376,559. The firm's fifty day simple moving average is $26.74 and its 200-day simple moving average is $28.72. The stock has a market cap of $32.12 billion, a PE ratio of 12.39, a PEG ratio of 3.17 and a beta of 0.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81. Kraft Heinz has a 12 month low of $25.44 and a 12 month high of $36.53.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The business's revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.69 EPS. As a group, sell-side analysts expect that Kraft Heinz will post 2.68 EPS for the current fiscal year.
Kraft Heinz Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend was Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is 73.06%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in KHC. Hara Capital LLC grew its position in shares of Kraft Heinz by 61.9% in the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock worth $52,000 after buying an additional 650 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Kraft Heinz during the 4th quarter worth approximately $2,482,000. AlphaQuest LLC grew its position in Kraft Heinz by 390,350.0% during the 4th quarter. AlphaQuest LLC now owns 7,809 shares of the company's stock worth $240,000 after purchasing an additional 7,807 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Kraft Heinz by 21.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 30,606 shares of the company's stock worth $940,000 after purchasing an additional 5,394 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Kraft Heinz by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,938 shares of the company's stock worth $336,000 after purchasing an additional 3,126 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.
About Kraft Heinz
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Get Free ReportThe Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.
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