Kraft Heinz (KHC) Stock Rating Reaffirmed by Barclays

Kraft Heinz (NASDAQ:KHC)‘s stock had its “buy” rating reissued by Barclays in a note issued to investors on Sunday. They currently have a $80.00 target price on the stock. Barclays’ price target would indicate a potential upside of 12.99% from the company’s previous close.

A number of other brokerages have also recently weighed in on KHC. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. BMO Capital Markets dropped their price target on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. Susquehanna Bancshares dropped their price target on Kraft Heinz from $80.00 to $77.00 and set a “neutral” rating on the stock in a research note on Thursday. Jefferies Group reissued a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a research note on Friday. Finally, Morgan Stanley set a $88.00 price target on Kraft Heinz and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $91.19.

Shares of Kraft Heinz (NASDAQ:KHC) opened at $70.80 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. Kraft Heinz has a 1 year low of $67.65 and a 1 year high of $97.77. The company has a market cap of $86,267.54, a PE ratio of 7.90, a price-to-earnings-growth ratio of 1.90 and a beta of 0.43.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06). Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.91 billion. During the same quarter last year, the firm posted $0.08 earnings per share. Kraft Heinz’s revenue was up .3% compared to the same quarter last year. equities analysts anticipate that Kraft Heinz will post 3.96 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Kraft Heinz by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock valued at $3,651,416,000 after acquiring an additional 487,241 shares in the last quarter. BlackRock Inc. grew its stake in Kraft Heinz by 4.6% during the 4th quarter. BlackRock Inc. now owns 35,073,958 shares of the company’s stock valued at $2,727,351,000 after acquiring an additional 1,551,823 shares in the last quarter. Magellan Asset Management Ltd grew its stake in Kraft Heinz by 30.4% during the 4th quarter. Magellan Asset Management Ltd now owns 21,429,032 shares of the company’s stock valued at $1,666,322,000 after acquiring an additional 4,998,778 shares in the last quarter. FMR LLC grew its stake in Kraft Heinz by 30.0% during the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after acquiring an additional 2,659,846 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Kraft Heinz by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 7,946,677 shares of the company’s stock valued at $617,932,000 after acquiring an additional 290,717 shares in the last quarter. 61.93% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This report was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://ledgergazette.com/2018/02/18/kraft-heinz-khc-stock-rating-reaffirmed-by-barclays.html.

Kraft Heinz Company Profile

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.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply