Kraft Heinz (NASDAQ:KHC) was downgraded by equities research analysts at TheStreet from a "c" rating to a "d+" rating in a report released on Thursday, TheStreetRatingsTable reports.
Several other brokerages also recently issued reports on KHC. BidaskClub raised Kraft Heinz from a "hold" rating to a "buy" rating in a research report on Thursday, July 16th. Credit Suisse Group increased their target price on shares of Kraft Heinz from $26.00 to $29.00 and gave the company an "underperform" rating in a research note on Friday, May 1st. Morgan Stanley increased their target price on shares of Kraft Heinz from $32.00 to $35.00 and gave the company an "equal weight" rating in a research note on Friday. Wells Fargo & Co upgraded shares of Kraft Heinz from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $28.00 to $38.00 in a research note on Thursday, April 16th. Finally, Guggenheim cut shares of Kraft Heinz from a "neutral" rating to a "sell" rating and raised their price target for the stock from $27.00 to $30.00 in a research note on Thursday, July 23rd. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of "Hold" and a consensus price target of $32.95.
Shares of NASDAQ:KHC opened at $34.38 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.12 and a debt-to-equity ratio of 0.57. Kraft Heinz has a 1 year low of $19.99 and a 1 year high of $35.87. The business has a fifty day simple moving average of $32.93 and a 200 day simple moving average of $29.36. The firm has a market cap of $42.02 billion, a price-to-earnings ratio of -229.20, a P/E/G ratio of 2.36 and a beta of 1.01.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.65 by $0.15. The business had revenue of $6.65 billion during the quarter, compared to analyst estimates of $6.54 billion. Kraft Heinz had a positive return on equity of 6.68% and a negative net margin of 0.76%. Kraft Heinz's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. On average, sell-side analysts forecast that Kraft Heinz will post 2.43 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. Harwood Advisory Group LLC acquired a new stake in shares of Kraft Heinz in the first quarter valued at approximately $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Kraft Heinz by 323.5% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,080 shares of the company's stock valued at $27,000 after purchasing an additional 825 shares in the last quarter. Horizon Bancorp Inc. IN increased its holdings in shares of Kraft Heinz by 38.4% in the first quarter. Horizon Bancorp Inc. IN now owns 1,246 shares of the company's stock valued at $31,000 after purchasing an additional 346 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Kraft Heinz in the second quarter valued at approximately $31,000. Finally, Bartlett & Co. LLC acquired a new stake in shares of Kraft Heinz in the first quarter valued at approximately $33,000. 57.72% of the stock is owned by institutional investors and hedge funds.
Kraft Heinz Company Profile
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.
Featured Story: What is the significance of a dead cat bounce?
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 [email protected]
10 Dividend Aristocrat Stocks to Buy Now
The stock market is having its worst week since the financial crisis. For some investors, a flight to safety has them getting out of the market. But other investors are taking a flight to quality. And when it comes to quality in equities, these are the moments when dividend stocks shine.
Already JPMorgan Chase (NYSE:JPM), Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS) are projecting that the coronavirus may wipe out corporate earnings growth for 2020. If investors can’t count on their equities to provide capital gains, they look to dividends to boost their total return.
But like any investment, not all dividend stocks are alike. Some of the best dividend stocks are the dividend aristocrats. By definition, for a company to become a dividend aristocrat, they must have at least 25 consecutive years of dividend growth (not just issued a dividend).
These companies have a proven track record of weathering market turbulence and delivering solid performance. And, right now, there are only 64 of these companies. In this presentation, we’ll give you 10 dividend aristocrat stocks you can invest in right now.
View the "10 Dividend Aristocrat Stocks to Buy Now".