Kraft Heinz Co. (NASDAQ:KHC)‘s stock had its “focus list” rating reiterated by JPMorgan Chase & Co. in a research note issued to investors on Tuesday.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Kraft Heinz from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Wednesday, June 29th. Morgan Stanley set a $97.00 price objective on shares of Kraft Heinz and gave the company a “buy” rating in a report on Friday, August 5th. Vetr raised shares of Kraft Heinz from a “sell” rating to a “buy” rating and set a $93.36 price objective on the stock in a report on Monday, July 11th. Deutsche Bank AG raised shares of Kraft Heinz from a “hold” rating to a “buy” rating and increased their price objective for the company from $85.00 to $103.00 in a report on Friday, August 5th. Finally, Susquehanna reaffirmed a “buy” rating and set a $98.00 price objective on shares of Kraft Heinz in a report on Sunday, July 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $99.17.
Kraft Heinz (NASDAQ:KHC) opened at 87.38 on Tuesday. Kraft Heinz has a one year low of $68.18 and a one year high of $90.54. The company’s 50-day moving average is $88.76 and its 200 day moving average is $84.98. The company has a market capitalization of $106.40 billion, a P/E ratio of 64.06 and a beta of 0.47.
Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.14. The business had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $4.70 billion. Kraft Heinz had a net margin of 6.87% and a return on equity of 5.78%. The company’s revenue was up 159.7% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. On average, equities analysts anticipate that Kraft Heinz will post $3.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, August 26th will be given a dividend of $0.60 per share. This is a boost from Kraft Heinz’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, August 24th. Kraft Heinz’s dividend payout ratio (DPR) is presently 181.82%.
In related news, major shareholder Global Food Holdings Lp 3G sold 2,808,371 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $87.05, for a total transaction of $244,468,695.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 26.92% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. BlackRock Group LTD boosted its stake in Kraft Heinz by 0.6% in the first quarter. BlackRock Group LTD now owns 4,957,520 shares of the company’s stock valued at $389,463,000 after buying an additional 28,643 shares during the last quarter. Wrapmanager Inc. boosted its stake in Kraft Heinz by 8.2% in the first quarter. Wrapmanager Inc. now owns 27,198 shares of the company’s stock valued at $2,137,000 after buying an additional 2,066 shares during the last quarter. Saybrook Capital NC boosted its stake in Kraft Heinz by 1.1% in the first quarter. Saybrook Capital NC now owns 55,284 shares of the company’s stock valued at $4,343,000 after buying an additional 575 shares during the last quarter. Willingdon Wealth Management purchased a new stake in Kraft Heinz during the first quarter valued at about $1,853,000. Finally, Rehmann Capital Advisory Group boosted its stake in Kraft Heinz by 15.6% in the first quarter. Rehmann Capital Advisory Group now owns 5,405 shares of the company’s stock valued at $425,000 after buying an additional 729 shares during the last quarter. Hedge funds and other institutional investors own 61.30% of the company’s stock.
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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