Berenberg Bank downgraded shares of Kraft Heinz (NASDAQ:KHC) from a buy rating to a hold rating in a report issued on Friday, February 22nd, Marketbeat reports.
Other research analysts have also issued reports about the stock. Standpoint Research started coverage on shares of Kraft Heinz in a research note on Wednesday, December 26th. They set a buy rating on the stock. Bank of America set a $83.00 target price on shares of Kraft Heinz and gave the stock a buy rating in a research note on Friday, November 2nd. UBS Group set a $65.00 price objective on shares of Kraft Heinz and gave the company a buy rating in a research note on Friday, November 2nd. Piper Jaffray Companies set a $62.00 price objective on shares of Kraft Heinz and gave the company a buy rating in a research note on Friday, November 2nd. Finally, Barclays lowered shares of Kraft Heinz from an overweight rating to an equal weight rating in a research note on Friday, February 22nd. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. Kraft Heinz has a consensus rating of Hold and an average target price of $45.35.
KHC opened at $32.02 on Friday. Kraft Heinz has a twelve month low of $31.53 and a twelve month high of $64.99. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. The firm has a market cap of $39.06 billion, a PE ratio of 9.07, a PEG ratio of 2.42 and a beta of 0.58.
Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, February 21st. The company reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.10). The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.93 billion. Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share. As a group, research analysts anticipate that Kraft Heinz will post 2.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.00%. Kraft Heinz’s dividend payout ratio is currently 45.33%.
Several hedge funds have recently made changes to their positions in the company. Highwater Wealth Management LLC purchased a new stake in Kraft Heinz during the fourth quarter worth about $28,000. Creative Financial Designs Inc. ADV increased its holdings in Kraft Heinz by 114.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 634 shares of the company’s stock worth $27,000 after buying an additional 339 shares during the last quarter. Veritas Investment Management LLP purchased a new stake in Kraft Heinz during the fourth quarter worth about $28,000. Gradient Investments LLC increased its holdings in Kraft Heinz by 54.2% during the fourth quarter. Gradient Investments LLC now owns 717 shares of the company’s stock worth $31,000 after buying an additional 252 shares during the last quarter. Finally, We Are One Seven LLC purchased a new stake in Kraft Heinz during the fourth quarter worth about $38,000. Institutional investors own 61.76% of the company’s stock.
About Kraft Heinz
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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