Kraft Heinz (KHC) Now Covered by Jefferies Group

Research analysts at Jefferies Group began coverage on shares of Kraft Heinz (NASDAQ:KHC) in a report issued on Friday, Marketbeat.com reports. The firm set a “buy” rating and a $95.00 price target on the stock. Jefferies Group’s price objective suggests a potential upside of 19.26% from the stock’s previous close. Jefferies Group also issued estimates for Kraft Heinz’s Q4 2017 earnings at $0.95 EPS, FY2017 earnings at $3.60 EPS, Q1 2018 earnings at $0.94 EPS, Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $1.05 EPS, FY2018 earnings at $3.98 EPS, Q1 2019 earnings at $1.00 EPS, Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.12 EPS, FY2019 earnings at $4.23 EPS, FY2020 earnings at $4.52 EPS, FY2021 earnings at $4.78 EPS and FY2022 earnings at $5.06 EPS.

KHC has been the topic of several other reports. UBS Group reaffirmed a “buy” rating and issued a $89.00 price target (down from $97.00) on shares of Kraft Heinz in a report on Friday, October 13th. Piper Jaffray Companies raised shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $92.00 to $90.00 in a report on Friday, October 6th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a report on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a report on Thursday, September 21st. Finally, Zacks Investment Research lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $92.65.

Kraft Heinz (NASDAQ KHC) opened at $79.66 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. Kraft Heinz has a 1-year low of $75.21 and a 1-year high of $97.77. The stock has a market cap of $97,063.16, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.02 and a beta of 0.45.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business 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 earned $0.83 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. sell-side analysts anticipate that Kraft Heinz will post 3.61 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in KHC. Westside Investment Management Inc. lifted its position in Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after purchasing an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Kraft Heinz by 287.9% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after purchasing an additional 950 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in Kraft Heinz during the second quarter valued at $121,000. Blue Chip Partners Inc. lifted its position in Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after purchasing an additional 8 shares during the period. Finally, GWM Advisors LLC acquired a new position in Kraft Heinz during the second quarter valued at $137,000. 62.01% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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