Kraft Heinz (NASDAQ:KHC) Given New $43.00 Price Target at Deutsche Bank Aktiengesellschaft

Kraft Heinz (NASDAQ:KHC - Get Free Report) had its price objective upped by Deutsche Bank Aktiengesellschaft from $42.00 to $43.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 15.87% from the company's current price.

Several other research firms have also weighed in on KHC. Bank of America increased their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Monday. Citigroup started coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They issued a "buy" rating and a $43.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an "equal weight" rating on the stock in a report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.57.

Kraft Heinz Trading Up 0.6 %

KHC stock traded up $0.21 during midday trading on Thursday, reaching $37.11. The company's stock had a trading volume of 6,769,527 shares, compared to its average volume of 8,125,687. Kraft Heinz has a 52 week low of $30.68 and a 52 week high of $41.47. The stock has a market cap of $45.11 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.89 and a beta of 0.67. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The business's 50-day simple moving average is $35.86 and its 200-day simple moving average is $35.34.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.01. The firm had revenue of $6.86 billion for the quarter, compared to analysts' expectations of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The business's revenue for the quarter was down 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. As a group, sell-side analysts expect that Kraft Heinz will post 3.02 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Solutions LLC bought a new position in Kraft Heinz in the fourth quarter valued at $25,000. Ancora Advisors LLC grew its position in shares of Kraft Heinz by 69.9% in the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company's stock valued at $26,000 after acquiring an additional 272 shares during the period. OFI Invest Asset Management bought a new position in shares of Kraft Heinz in the 3rd quarter valued at about $26,000. Riverview Trust Co bought a new position in shares of Kraft Heinz in the 3rd quarter valued at about $27,000. Finally, O Dell Group LLC bought a new position in shares of Kraft Heinz in the 4th quarter valued at about $31,000. Institutional investors own 78.17% of the company's stock.

About Kraft Heinz

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.