Kraft Heinz (KHC) Getting Somewhat Favorable Media Coverage, Study Shows

Media headlines about Kraft Heinz (NASDAQ:KHC) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Kraft Heinz earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.7533120502314 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. Morgan Stanley cut their target price on shares of Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Piper Jaffray Companies set a $92.00 target price on shares of Kraft Heinz and gave the company a “hold” rating in a research report on Wednesday, August 16th. Finally, Citigroup cut their target price on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. One 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. Kraft Heinz presently has an average rating of “Buy” and a consensus target price of $92.49.

Kraft Heinz (NASDAQ:KHC) traded up $0.33 during trading hours on Thursday, reaching $79.28. 3,028,300 shares of the company’s stock traded hands, compared to its average volume of 3,110,771. The stock has a market cap of $96,198.05, a P/E ratio of 22.18, a PEG ratio of 2.19 and a beta of 0.45. Kraft Heinz has a 12 month low of $75.21 and a 12 month 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.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. The company had revenue of $6.31 billion for 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 was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. research analysts anticipate that Kraft Heinz will post 3.61 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, November 16th. Kraft Heinz’s payout ratio is 77.88%.

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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.

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