A number of other research analysts also recently commented on KHC. Piper Jaffray set a $75.00 target price on Heinz and gave the stock a buy rating in a report on Tuesday, April 3rd. Bank of America reduced their target price on Heinz from $100.00 to $85.00 and set a buy rating on the stock in a report on Tuesday, April 3rd. ValuEngine downgraded Heinz from a hold rating to a sell rating in a report on Monday, April 2nd. Argus reaffirmed a buy rating and set a $74.00 target price (down previously from $93.00) on shares of Heinz in a report on Wednesday, March 7th. Finally, Susquehanna Bancshares set a $80.00 target price on Heinz and gave the stock a hold rating in a report on Monday, February 12th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Heinz has a consensus rating of Hold and a consensus target price of $83.72.
Shares of NASDAQ KHC opened at $58.22 on Wednesday. Heinz has a fifty-two week low of $57.55 and a fifty-two week high of $93.88. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 0.43. The company has a market cap of $72,803.46, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.63 and a beta of 0.59.
Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Friday, February 16th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). 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 analyst estimates of $6.91 billion. During the same quarter last year, the business earned $0.08 EPS. Heinz’s revenue for the quarter was up .3% compared to the same quarter last year. equities analysts expect that Heinz will post 3.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Thursday, March 8th. Heinz’s dividend payout ratio (DPR) is 70.42%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. American International Group Inc. raised its stake in Heinz by 1,928.1% during the 4th quarter. American International Group Inc. now owns 6,110,926 shares of the company’s stock valued at $475,186,000 after acquiring an additional 5,809,615 shares in the last quarter. Magellan Asset Management Ltd raised its stake in 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. BlackRock Inc. raised its stake in 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. Virtus Fund Advisers LLC raised its stake in Heinz by 1,123.1% during the 4th quarter. Virtus Fund Advisers LLC now owns 865,149 shares of the company’s stock valued at $67,274,000 after acquiring an additional 794,415 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Heinz by 25.1% during the 4th quarter. Teachers Advisors LLC now owns 3,256,025 shares of the company’s stock valued at $253,189,000 after acquiring an additional 654,199 shares in the last quarter. 63.25% of the stock is currently owned by institutional investors and hedge funds.
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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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