Kraft Heinz (KHC) Reaches New 12-Month Low at $50.31

Kraft Heinz Co (NASDAQ:KHC) shares hit a new 52-week low on Tuesday . The company traded as low as $50.31 and last traded at $50.36, with a volume of 375886 shares changing hands. The stock had previously closed at $51.42.

KHC has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $75.00 price target on shares of Kraft Heinz in a research report on Tuesday, August 7th. Bank of America set a $85.00 price target on Kraft Heinz and gave the company a “buy” rating in a research report on Monday, August 6th. Piper Jaffray Companies set a $62.00 price target on Kraft Heinz and gave the company a “buy” rating in a research report on Friday, November 2nd. UBS Group set a $65.00 price target on Kraft Heinz and gave the company a “buy” rating in a research report on Friday, November 2nd. Finally, Berenberg Bank set a $64.00 price target on Kraft Heinz and gave the company a “buy” rating in a research report on Tuesday, November 20th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Kraft Heinz has an average rating of “Hold” and a consensus price target of $66.89.

The company has a market cap of $62.34 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 2.28 and a beta of 0.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.57.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.03). The firm 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 revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 earnings per share. Research analysts predict that Kraft Heinz Co will post 3.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 16th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 5.00%. The ex-dividend date is Thursday, November 15th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.42%.

A number of institutional investors have recently added to or reduced their stakes in KHC. Captrust Financial Advisors increased its holdings in Kraft Heinz by 8.3% during the 2nd quarter. Captrust Financial Advisors now owns 11,404 shares of the company’s stock worth $716,000 after purchasing an additional 870 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in Kraft Heinz by 64.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,278 shares of the company’s stock worth $143,000 after purchasing an additional 895 shares during the last quarter. Redmond Asset Management LLC increased its holdings in Kraft Heinz by 20.1% during the 2nd quarter. Redmond Asset Management LLC now owns 5,454 shares of the company’s stock worth $343,000 after purchasing an additional 912 shares during the last quarter. Cobiz Wealth LLC increased its holdings in Kraft Heinz by 1.8% during the 3rd quarter. Cobiz Wealth LLC now owns 50,987 shares of the company’s stock worth $2,810,000 after purchasing an additional 920 shares during the last quarter. Finally, Andesa Financial Management Inc. increased its holdings in Kraft Heinz by 6.6% during the 3rd quarter. Andesa Financial Management Inc. now owns 15,050 shares of the company’s stock worth $832,000 after purchasing an additional 933 shares during the last quarter. 62.63% of the stock is currently owned by hedge funds and other institutional investors.

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About Kraft Heinz (NASDAQ:KHC)

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.

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