Kraft Heinz (KHC) PT Set at $49.00 by Morgan Stanley

Morgan Stanley set a $49.00 price objective on Kraft Heinz (NASDAQ:KHC) in a report released on Wednesday morning. The brokerage currently has a sell rating on the stock.

Other equities analysts have also recently issued research reports about the company. ValuEngine cut Kraft Heinz from a sell rating to a strong sell rating in a report on Friday, November 2nd. BMO Capital Markets reduced their price target on Kraft Heinz from $67.00 to $61.00 and set a market perform rating for the company in a report on Monday, November 5th. UBS Group set a $65.00 price target on Kraft Heinz and gave the stock a buy rating in a report on Friday, November 2nd. Royal Bank of Canada reduced their price target on Kraft Heinz to $68.00 and set an outperform rating for the company in a report on Friday, November 2nd. Finally, Credit Suisse Group set a $52.00 price target on Kraft Heinz and gave the stock a hold rating in a report on Friday, November 2nd. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $67.09.

Shares of KHC stock traded up $0.68 on Wednesday, hitting $53.99. The company had a trading volume of 5,712,664 shares, compared to its average volume of 7,805,803. The stock has a market cap of $65.30 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 2.39 and a beta of 0.45. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 0.47. Kraft Heinz has a twelve month low of $50.41 and a twelve month high of $82.48.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). The company had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.31 billion. Kraft Heinz had a net margin of 39.56% and a return on equity of 6.62%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS. Sell-side analysts anticipate that Kraft Heinz will post 3.65 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, November 15th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 4.63%. Kraft Heinz’s payout ratio is currently 70.42%.

Institutional investors have recently made changes to their positions in the business. Pittenger & Anderson Inc. grew its position in shares of Kraft Heinz by 80.7% in the third quarter. Pittenger & Anderson Inc. now owns 28,410 shares of the company’s stock valued at $1,566,000 after purchasing an additional 12,685 shares in the last quarter. Tredje AP fonden grew its position in shares of Kraft Heinz by 69.9% in the second quarter. Tredje AP fonden now owns 128,756 shares of the company’s stock valued at $8,088,000 after purchasing an additional 52,959 shares in the last quarter. Strategic Advisors LLC grew its position in shares of Kraft Heinz by 38.8% in the second quarter. Strategic Advisors LLC now owns 24,710 shares of the company’s stock valued at $1,552,000 after purchasing an additional 6,908 shares in the last quarter. Loudon Investment Management LLC purchased a new stake in shares of Kraft Heinz in the second quarter valued at approximately $2,713,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Kraft Heinz by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,208,820 shares of the company’s stock valued at $138,759,000 after purchasing an additional 94,749 shares in the last quarter. 63.22% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

Further Reading: Return on Investment (ROI)

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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