Argus reiterated their buy rating on shares of Kraft Heinz (NASDAQ:KHC) in a report issued on Wednesday. Argus currently has a $74.00 price target on the stock, down from their prior price target of $93.00.
A number of other analysts have also recently commented on KHC. Zacks Investment Research upgraded Kraft Heinz from a sell rating to a hold rating in a research report on Monday, December 18th. Morgan Stanley set a $88.00 target price on Kraft Heinz and gave the stock a buy rating in a research report on Wednesday, February 14th. Barclays reiterated a buy rating and set a $80.00 target price (down previously from $94.00) on shares of Kraft Heinz in a research report on Sunday, February 18th. Bank of America set a $100.00 target price on Kraft Heinz and gave the stock a buy rating in a research report on Thursday, February 15th. Finally, Vetr upgraded Kraft Heinz from a buy rating to a strong-buy rating and set a $85.31 target price on the stock in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $85.78.
Kraft Heinz (NASDAQ KHC) traded up $0.24 during trading on Wednesday, reaching $67.23. The company’s stock had a trading volume of 4,910,684 shares, compared to its average volume of 5,640,000. Kraft Heinz has a one year low of $66.36 and a one year high of $93.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.44 and a current ratio of 0.72. The firm has a market capitalization of $81,940.00 and a PE ratio of 20.62.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 3.72%. The ex-dividend date is Thursday, March 8th. Kraft Heinz’s dividend payout ratio (DPR) is presently 76.69%.
A number of hedge funds have recently modified their holdings of KHC. American International Group Inc. boosted its holdings in Kraft Heinz by 1,928.1% in the 4th quarter. American International Group Inc. now owns 6,110,926 shares of the company’s stock valued at $475,186,000 after purchasing an additional 5,809,615 shares in the last quarter. Magellan Asset Management Ltd boosted its holdings in Kraft Heinz by 30.4% in the 4th quarter. Magellan Asset Management Ltd now owns 21,429,032 shares of the company’s stock valued at $1,666,322,000 after purchasing an additional 4,998,778 shares in the last quarter. BlackRock Inc. boosted its holdings in Kraft Heinz by 4.6% in the 4th quarter. BlackRock Inc. now owns 35,073,958 shares of the company’s stock valued at $2,727,351,000 after purchasing an additional 1,551,823 shares in the last quarter. Virtus Fund Advisers LLC boosted its holdings in Kraft Heinz by 1,123.1% in the 4th quarter. Virtus Fund Advisers LLC now owns 865,149 shares of the company’s stock valued at $67,274,000 after purchasing an additional 794,415 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Kraft Heinz by 509.2% in the 2nd quarter. Janus Henderson Group PLC now owns 876,433 shares of the company’s stock valued at $75,053,000 after purchasing an additional 732,575 shares in the last quarter. Hedge funds and other institutional investors own 62.53% of the company’s stock.
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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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