Shares of The Kraft Heinz Company (NASDAQ:KHC) have earned an average recommendation of “Buy” from the nineteen ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $96.20.
A number of research firms recently weighed in on KHC. Royal Bank Of Canada set a $96.00 price target on The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, June 3rd. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of The Kraft Heinz in a research note on Wednesday, August 9th. Piper Jaffray Companies set a $92.00 price target on The Kraft Heinz and gave the company a “hold” rating in a research note on Wednesday, August 16th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $99.00 price target (down previously from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th.
Several hedge funds and other institutional investors have recently modified their holdings of KHC. Oakbrook Investments LLC bought a new position in shares of The Kraft Heinz in the first quarter worth $218,000. City Holding Co. increased its position in shares of The Kraft Heinz by 12.4% in the first quarter. City Holding Co. now owns 4,980 shares of the company’s stock worth $452,000 after purchasing an additional 550 shares during the period. Huntington National Bank increased its position in shares of The Kraft Heinz by 43.4% in the first quarter. Huntington National Bank now owns 201,242 shares of the company’s stock worth $18,275,000 after purchasing an additional 60,919 shares during the period. State of Alaska Department of Revenue bought a new position in shares of The Kraft Heinz in the first quarter worth $243,000. Finally, Windward Capital Management Co. CA increased its position in shares of The Kraft Heinz by 23.0% in the first quarter. Windward Capital Management Co. CA now owns 8,175 shares of the company’s stock worth $742,000 after purchasing an additional 1,527 shares during the period. Institutional investors own 61.91% of the company’s stock.
Shares of The Kraft Heinz (KHC) traded up 0.12% during trading on Tuesday, reaching $80.85. 4,890,208 shares of the company were exchanged. The Kraft Heinz has a one year low of $79.69 and a one year high of $97.77. The company has a 50 day moving average price of $85.41 and a 200-day moving average price of $89.18. The stock has a market capitalization of $98.50 billion, a price-to-earnings ratio of 25.91 and a beta of 0.46.
The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The company 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. Equities analysts predict that The Kraft Heinz will post $3.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be given a dividend of $0.625 per share. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, August 16th. This represents a $2.50 annualized dividend and a yield of 3.09%. The Kraft Heinz’s dividend payout ratio (DPR) is presently 79.87%.
The 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.
Sources: ledgergazette