The Kraft Heinz Company (NASDAQ:KHC) had its price target lowered by Susquehanna Bancshares Inc from $83.00 to $80.00 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has a neutral rating on the stock.
KHC has been the topic of several other reports. UBS AG reissued a buy rating and set a $89.00 price target (down from $97.00) on shares of The Kraft Heinz in a research report on Friday, October 13th. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the stock a buy rating in a research report on Sunday, September 10th. BidaskClub raised The Kraft Heinz from a strong sell rating to a sell rating in a research report on Saturday, August 12th. Piper Jaffray Companies raised The Kraft Heinz from a neutral rating to an overweight rating and dropped their target price for the stock from $92.00 to $90.00 in a research report on Friday, October 6th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $95.00 target price on shares of The Kraft Heinz in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The Kraft Heinz has an average rating of Buy and an average price target of $92.49.
The Kraft Heinz (KHC) traded down $0.94 during mid-day trading on Thursday, hitting $77.06. The company had a trading volume of 2,584,823 shares, compared to its average volume of 3,826,891. 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 firm has a market cap of $95,023.58, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.99 and a beta of 0.43. The Kraft Heinz has a twelve month low of $75.21 and a twelve month high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. equities research analysts forecast that The Kraft Heinz will post 3.61 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.24%. The Kraft Heinz’s dividend payout ratio is currently 77.88%.
A number of hedge funds have recently made changes to their positions in KHC. Blue Chip Partners Inc. grew its position in The Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after buying an additional 8 shares in the last quarter. Martingale Asset Management L P boosted its holdings in shares of The Kraft Heinz by 0.5% in the 2nd quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock valued at $234,000 after purchasing an additional 13 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings in shares of The Kraft Heinz by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after purchasing an additional 16 shares in the last quarter. Ropes Wealth Advisors LLC boosted its holdings in shares of The Kraft Heinz by 0.4% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock valued at $329,000 after purchasing an additional 17 shares in the last quarter. Finally, National Asset Management Inc. lifted its stake in shares of The Kraft Heinz by 0.5% in the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after acquiring an additional 21 shares during the last quarter. 61.69% of the stock is owned by institutional investors and hedge funds.
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.
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