Investors Sell Shares of Kraft Heinz (KHC) on Strength (KHC)

Traders sold shares of Kraft Heinz Co (NASDAQ:KHC) on strength during trading hours on Tuesday. $62.93 million flowed into the stock on the tick-up and $119.83 million flowed out of the stock on the tick-down, for a money net flow of $56.90 million out of the stock. Of all companies tracked, Kraft Heinz had the 0th highest net out-flow for the day. Kraft Heinz traded up $1.29 for the day and closed at $78.64

A number of brokerages recently commented on KHC. Morgan Stanley decreased their target price on Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. BidaskClub raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Citigroup decreased their target price on Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Finally, Susquehanna Bancshares decreased their target price on Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $92.49.

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. The stock has a market capitalization of $95,820.32, a price-to-earnings ratio of 24.94, a P/E/G ratio of 1.99 and a beta of 0.45.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. sell-side analysts expect that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Blue Chip Partners Inc. grew its position in Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after acquiring an additional 8 shares in the last quarter. Martingale Asset Management L P grew its position in Kraft Heinz by 0.5% in the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after acquiring an additional 13 shares in the last quarter. Ropes Wealth Advisors LLC grew its position in Kraft Heinz by 0.4% in the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after acquiring an additional 17 shares in the last quarter. Linscomb & Williams Inc. grew its position in Kraft Heinz by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 7,564 shares of the company’s stock worth $648,000 after acquiring an additional 21 shares in the last quarter. Finally, Comerica Securities Inc. grew its position in Kraft Heinz by 0.3% in the second quarter. Comerica Securities Inc. now owns 7,662 shares of the company’s stock worth $656,000 after acquiring an additional 23 shares in the last quarter. 62.01% of the stock is currently owned by institutional investors and hedge funds.

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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.

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