The Kraft Heinz Company (KHC) Issues Earnings Results

The Kraft Heinz Company (NASDAQ:KHC) posted its earnings results on Wednesday. The company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83, Bloomberg Earnings reports. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period in the previous year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.23%. The Kraft Heinz’s dividend payout ratio (DPR) is currently 79.87%.

A number of equities research analysts have weighed in on the stock. BidaskClub raised shares of The Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Thursday, October 26th. Berenberg Bank set a $102.00 target price on shares of The Kraft Heinz and gave the stock a “buy” rating in a report on Monday, August 7th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $85.00 target price (down from $94.00) on shares of The Kraft Heinz in a report on Wednesday, August 9th. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $95.00 target price on shares of The Kraft Heinz in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $95.53.

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About The Kraft Heinz

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.

Earnings History for The Kraft Heinz (NASDAQ:KHC)

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