The Kraft Heinz Company (NASDAQ:KHC) had its price objective decreased by Morgan Stanley from $92.00 to $88.00 in a research note released on Friday morning. Morgan Stanley currently has an overweight rating on the stock.
Other research analysts have also issued reports about the stock. TheStreet raised shares of The Kraft Heinz from a c rating to a b- rating in a report on Thursday, August 3rd. Berenberg Bank set a $102.00 price target on shares of The Kraft Heinz and gave the company a buy rating in a report on Monday, August 7th. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the company a buy rating in a report on Saturday, August 5th. Royal Bank Of Canada reaffirmed a buy rating and issued a $95.00 price target on shares of The Kraft Heinz in a report on Friday, September 1st. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $95.00 price target on shares of The Kraft Heinz in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The Kraft Heinz currently has a consensus rating of Buy and a consensus target price of $92.49.
The Kraft Heinz (NASDAQ:KHC) traded down $0.94 on Friday, reaching $77.06. 2,584,823 shares of the company were exchanged, compared to its average volume of 3,826,891. The firm has a market cap of $95,023.58, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.99 and a beta of 0.43. The Kraft Heinz has a 1-year low of $75.21 and a 1-year high of $97.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. analysts forecast that The Kraft Heinz will post 3.61 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s payout ratio is presently 77.88%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in The Kraft Heinz by 1.2% in the second quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock valued at $3,651,416,000 after acquiring an additional 487,241 shares during the last quarter. BlackRock Inc. lifted its stake in The Kraft Heinz by 1.7% in the second quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock valued at $2,835,974,000 after acquiring an additional 562,183 shares during the last quarter. State Street Corp lifted its stake in The Kraft Heinz by 2.8% in the first quarter. State Street Corp now owns 24,579,995 shares of the company’s stock valued at $2,232,113,000 after acquiring an additional 680,941 shares during the last quarter. FMR LLC lifted its stake in The Kraft Heinz by 30.0% in the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after acquiring an additional 2,659,846 shares during the last quarter. Finally, Morgan Stanley lifted its stake in The Kraft Heinz by 55.6% in the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after acquiring an additional 2,988,664 shares during the last quarter. Hedge funds and other institutional investors own 61.69% of the company’s stock.
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.
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