Kraft Heinz Company (NASDAQ:KHC - Get Free Report) shares saw strong trading volume on Friday . 32,778,632 shares were traded during trading, an increase of 219% from the previous session's volume of 10,277,248 shares.The stock last traded at $26.88 and had previously closed at $26.47.
Analysts Set New Price Targets
Several equities research analysts have recently commented on KHC shares. Sanford C. Bernstein downgraded Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price objective for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Morgan Stanley assumed coverage on Kraft Heinz in a report on Monday, March 24th. They issued an "underweight" rating and a $29.00 price objective for the company. Finally, Mizuho set a $29.00 price target on Kraft Heinz and gave the company a "neutral" rating in a report on Wednesday, May 28th. Three equities research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $30.29.
Read Our Latest Analysis on Kraft Heinz
Kraft Heinz Stock Up 2.3%
The firm has a 50 day moving average of $26.77 and a two-hundred day moving average of $28.75. The firm has a market capitalization of $32.05 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 3.09 and a beta of 0.25. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the firm posted $0.69 earnings per share. The business's revenue for the quarter was down 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.
Kraft Heinz Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend was Friday, May 30th. Kraft Heinz's dividend payout ratio is currently 73.06%.
Hedge Funds Weigh In On Kraft Heinz
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hara Capital LLC increased its holdings in Kraft Heinz by 61.9% in the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company's stock worth $52,000 after purchasing an additional 650 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $2,482,000. Raymond James Financial Inc. bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $39,339,000. PNC Financial Services Group Inc. increased its holdings in shares of Kraft Heinz by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 207,634 shares of the company's stock valued at $6,376,000 after acquiring an additional 6,697 shares in the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Kraft Heinz by 390,350.0% during the fourth quarter. AlphaQuest LLC now owns 7,809 shares of the company's stock valued at $240,000 after acquiring an additional 7,807 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.
Kraft Heinz Company Profile
(
Get Free Report)
The 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Kraft Heinz, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kraft Heinz wasn't on the list.
While Kraft Heinz currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
