Kraft Heinz (KHC) Reaches New 1-Year Low at $62.12

Kraft Heinz Co (NASDAQ:KHC)’s share price reached a new 52-week low on Wednesday . The company traded as low as $62.12 and last traded at $62.13, with a volume of 3422944 shares. The stock had previously closed at $63.18.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Jefferies Group assumed coverage on Kraft Heinz in a report on Friday, January 19th. They issued a “buy” rating and a $95.00 price target for the company. Piper Jaffray Companies reissued an “overweight” rating and issued a $94.00 price target (up from $90.00) on shares of Kraft Heinz in a report on Tuesday, January 30th. BidaskClub cut Kraft Heinz from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Finally, Vetr raised Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 price target for the company in a report on Monday, February 5th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $85.78.

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The firm has a market capitalization of $77,008.59, a PE ratio of 6.76, a P/E/G ratio of 1.71 and a beta of 0.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.44 and a current ratio of 0.72.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.06). The business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Kraft Heinz had a net margin of 41.93% and a return on equity of 7.20%. Kraft Heinz’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. sell-side analysts predict that Kraft Heinz Co will post 3.85 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Thursday, March 8th. Kraft Heinz’s dividend payout ratio is currently 27.90%.

A number of hedge funds have recently bought and sold shares of the business. Aspen Investment Management Inc grew its position in Kraft Heinz by 17.6% during the third quarter. Aspen Investment Management Inc now owns 4,334 shares of the company’s stock valued at $336,000 after acquiring an additional 650 shares during the period. National Planning Corp grew its position in Kraft Heinz by 7.9% during the third quarter. National Planning Corp now owns 9,009 shares of the company’s stock valued at $701,000 after acquiring an additional 660 shares during the period. Greatmark Investment Partners Inc. grew its position in Kraft Heinz by 13.7% during the third quarter. Greatmark Investment Partners Inc. now owns 5,618 shares of the company’s stock valued at $436,000 after acquiring an additional 675 shares during the period. Perennial Advisors LLC grew its position in Kraft Heinz by 6.0% during the third quarter. Perennial Advisors LLC now owns 12,239 shares of the company’s stock valued at $949,000 after acquiring an additional 690 shares during the period. Finally, Capital Guardian Trust Co. grew its position in Kraft Heinz by 0.4% during the third quarter. Capital Guardian Trust Co. now owns 162,092 shares of the company’s stock valued at $12,570,000 after acquiring an additional 692 shares during the period. 63.22% of the stock is 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.

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