Kraft Heinz (KHC) Now Covered by Jefferies Group

Jefferies Group initiated coverage on shares of Kraft Heinz (NASDAQ:KHC) in a research note issued on Friday, The Fly reports. The firm set a “buy” rating on the stock.

Several other research firms have also recently commented on KHC. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. BMO Capital Markets reduced their target price on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. BidaskClub upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup reduced their target price on Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Finally, Piper Jaffray Companies upgraded Kraft Heinz from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $92.00 to $90.00 in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. Kraft Heinz currently has a consensus rating of “Buy” and a consensus target price of $92.49.

Shares of Kraft Heinz (KHC) opened at $79.27 on Friday. 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 has a one year low of $75.21 and a one year high of $97.77. The stock has a market capitalization of $97,562.73, a price-to-earnings ratio of 24.69, a P/E/G ratio of 2.03 and a beta of 0.45.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.83. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company 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 company posted $0.83 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. research analysts anticipate that Kraft Heinz will post 3.61 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in shares of Kraft Heinz by 476.5% in the 4th quarter. State of Alaska Department of Revenue now owns 60,901 shares of the company’s stock worth $4,733,000 after purchasing an additional 50,337 shares in the last quarter. Butensky & Cohen Financial Security Inc. boosted its holdings in shares of Kraft Heinz by 5.9% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 17,628 shares of the company’s stock worth $1,371,000 after purchasing an additional 975 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Kraft Heinz during the 4th quarter valued at about $788,000. Berkshire Asset Management LLC PA boosted its holdings in Kraft Heinz by 11.0% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,129 shares of the company’s stock valued at $18,361,000 after acquiring an additional 23,314 shares during the period. Finally, Nepsis Capital Management Inc. boosted its holdings in Kraft Heinz by 6.1% during the 4th quarter. Nepsis Capital Management Inc. now owns 79,488 shares of the company’s stock valued at $6,181,000 after acquiring an additional 4,564 shares during the period. Hedge funds and other institutional investors own 62.01% of the company’s stock.

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About 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.

The Fly

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