Kraft Heinz Co (KHC) Receives $43.21 Average Price Target from Analysts

Shares of Kraft Heinz Co (NASDAQ:KHC) have received a consensus recommendation of “Hold” from the twenty-five research firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $42.13.

A number of research firms have weighed in on KHC. Wolfe Research lowered shares of Kraft Heinz from a “peer perform” rating to an “underperform” rating and set a $27.00 price target for the company. in a research report on Friday. TheStreet downgraded shares of Kraft Heinz from a “c-” rating to a “d+” rating in a report on Wednesday, March 13th. Credit Suisse Group reissued an “underperform” rating on shares of Kraft Heinz in a report on Friday, March 8th. Piper Jaffray Companies reissued a “neutral” rating and issued a $35.00 target price on shares of Kraft Heinz in a report on Monday, March 4th. Finally, Morgan Stanley raised shares of Kraft Heinz from an “underweight” rating to an “equal weight” rating and set a $35.00 target price on the stock in a report on Monday, March 4th.

A number of institutional investors have recently added to or reduced their stakes in KHC. Clifford Swan Investment Counsel LLC raised its stake in shares of Kraft Heinz by 0.7% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 33,710 shares of the company’s stock valued at $1,451,000 after acquiring an additional 225 shares during the period. North Star Investment Management Corp. raised its stake in shares of Kraft Heinz by 0.4% in the fourth quarter. North Star Investment Management Corp. now owns 60,799 shares of the company’s stock valued at $2,617,000 after acquiring an additional 237 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in shares of Kraft Heinz by 4.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,511 shares of the company’s stock valued at $237,000 after acquiring an additional 239 shares during the period. OLD Second National Bank of Aurora raised its stake in shares of Kraft Heinz by 7.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 3,577 shares of the company’s stock valued at $154,000 after acquiring an additional 250 shares during the period. Finally, Delta Asset Management LLC TN raised its stake in shares of Kraft Heinz by 3.5% in the fourth quarter. Delta Asset Management LLC TN now owns 7,466 shares of the company’s stock valued at $320,000 after acquiring an additional 250 shares during the period. 62.44% of the stock is currently owned by institutional investors.

KHC opened at $32.65 on Wednesday. The company has a market capitalization of $40.11 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 2.59 and a beta of 0.58. Kraft Heinz has a 1-year low of $31.53 and a 1-year high of $64.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.86.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.10). The firm had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.93 billion. Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 earnings per share. Equities research analysts anticipate that Kraft Heinz will post 2.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s payout ratio is 45.33%.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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