Kraft Heinz (KHC) Rating Lowered to Sell at BidaskClub

Kraft Heinz (NASDAQ:KHC) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other research analysts have also recently commented on KHC. Morgan Stanley reduced their target price on shares of Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a report on Friday, November 3rd. BMO Capital Markets dropped their price objective on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. Susquehanna Bancshares dropped their price objective on shares of Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Credit Suisse Group restated an “outperform” rating and issued a $90.00 price target (down from $100.00) on shares of Kraft Heinz in a research note on Thursday, November 2nd. Finally, Citigroup decreased their price target on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. One 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 company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $92.49.

Kraft Heinz (NASDAQ:KHC) opened at $78.48 on Friday. Kraft Heinz has a 12 month low of $75.21 and a 12 month high of $97.77. The firm has a market cap of $95,610.00 and a PE ratio of 22.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. Kraft Heinz’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. sell-side analysts anticipate that Kraft Heinz will post 3.61 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Westside Investment Management Inc. raised its holdings in shares of Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after acquiring an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Kraft Heinz in the second quarter worth $121,000. Blue Chip Partners Inc. grew its stake in shares of Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after acquiring an additional 8 shares during the last quarter. Finally, GWM Advisors LLC purchased a new stake in shares of Kraft Heinz in the second quarter worth $137,000. 62.06% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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