BMO Capital Markets reiterated their hold rating on shares of The Kraft Heinz Company (NASDAQ:KHC) in a research report released on Wednesday, September 6th. The firm currently has a $96.00 target price on the stock.
Several other research analysts have also recently issued reports on the company. BidaskClub cut The Kraft Heinz from a hold rating to a sell rating in a research report on Wednesday, June 21st. Zacks Investment Research raised The Kraft Heinz from a sell rating to a hold rating in a research report on Thursday, July 20th. Susquehanna Bancshares Inc reissued a neutral rating and issued a $91.00 price objective (down previously from $99.00) on shares of The Kraft Heinz in a research report on Monday, July 10th. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the stock a buy rating in a research report on Saturday, July 29th. Finally, J P Morgan Chase & Co reissued an overweight rating and issued a $99.00 price objective (down previously from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $97.18.
The Kraft Heinz (KHC) traded down 0.9973% on Wednesday, hitting $81.0931. 1,832,509 shares of the stock were exchanged. The Kraft Heinz has a 1-year low of $79.69 and a 1-year high of $97.77. The stock has a market cap of $98.79 billion, a PE ratio of 25.9914 and a beta of 0.45. The company’s 50 day moving average is $82.37 and its 200 day moving average is $88.72.
The Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, equities research analysts expect that The Kraft Heinz will post $3.24 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be paid a $0.625 dividend. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio (DPR) is 79.87%.
Hedge funds have recently added to or reduced their stakes in the company. Tiedemann Wealth Management LLC boosted its stake in shares of The Kraft Heinz by 6.4% in the 1st quarter. Tiedemann Wealth Management LLC now owns 47,256 shares of the company’s stock worth $4,291,000 after buying an additional 2,861 shares during the last quarter. Pillar Pacific Capital Management LLC boosted its stake in shares of The Kraft Heinz by 7.6% in the 1st quarter. Pillar Pacific Capital Management LLC now owns 3,693 shares of the company’s stock worth $335,000 after buying an additional 262 shares during the last quarter. New England Asset Management Inc. boosted its stake in shares of The Kraft Heinz by 7.6% in the 1st quarter. New England Asset Management Inc. now owns 64,483 shares of the company’s stock worth $5,856,000 after buying an additional 4,560 shares during the last quarter. Fiduciary Trust Co. boosted its stake in shares of The Kraft Heinz by 37.4% in the 1st quarter. Fiduciary Trust Co. now owns 17,804 shares of the company’s stock worth $1,617,000 after buying an additional 4,850 shares during the last quarter. Finally, Kwmg LLC purchased a new position in shares of The Kraft Heinz in the 1st quarter worth $261,000. Hedge funds and other institutional investors own 61.91% of the company’s stock.
About The Kraft Heinz
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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