Kraft Heinz (NASDAQ:KHC) had its price objective reduced by stock analysts at UBS Group from $87.00 to $80.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 12.99% from the stock’s previous close.
Several other equities research analysts also recently weighed in on KHC. DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Tuesday. BMO Capital Markets lowered their target price on shares of Kraft Heinz to $74.00 and set a “market perform” rating for the company in a research note on Tuesday. Susquehanna Bancshares lowered their target price on shares of Kraft Heinz from $80.00 to $77.00 and set a “neutral” rating for the company in a research note on Thursday, February 15th. BidaskClub upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Morgan Stanley lowered their target price on shares of Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $88.96.
Kraft Heinz (NASDAQ KHC) opened at $70.80 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.44 and a current ratio of 0.72. Kraft Heinz has a one year low of $67.65 and a one year high of $97.77. The stock has a market cap of $86,291.19, a P/E ratio of 7.90, a PEG ratio of 1.90 and a beta of 0.43.
Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Friday, February 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.06). Kraft Heinz had a net margin of 41.93% and a return on equity of 7.20%. The business had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.91 billion. During the same quarter in the prior year, the business posted $0.08 earnings per share. Kraft Heinz’s revenue for the quarter was up .3% on a year-over-year basis. analysts predict that Kraft Heinz will post 3.96 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of KHC. American International Group Inc. raised its holdings in shares of Kraft Heinz by 1,928.1% in the fourth quarter. American International Group Inc. now owns 6,110,926 shares of the company’s stock worth $475,186,000 after buying an additional 5,809,615 shares during the last quarter. Magellan Asset Management Ltd raised its holdings in shares of Kraft Heinz by 30.4% in the fourth quarter. Magellan Asset Management Ltd now owns 21,429,032 shares of the company’s stock worth $1,666,322,000 after buying an additional 4,998,778 shares during the last quarter. FMR LLC raised its holdings in shares of Kraft Heinz by 30.0% in the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after buying an additional 2,659,846 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Kraft Heinz by 4.6% in the fourth quarter. BlackRock Inc. now owns 35,073,958 shares of the company’s stock worth $2,727,351,000 after buying an additional 1,551,823 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Kraft Heinz in the second quarter worth $102,151,000. 62.49% of the stock is owned by institutional investors and hedge funds.
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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.
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