Kraft Heinz Co (NASDAQ:KHC) – Investment analysts at Jefferies Financial Group lowered their Q1 2019 earnings estimates for shares of Kraft Heinz in a note issued to investors on Monday, March 25th, Zacks Investment Research reports. Jefferies Financial Group analyst A. Jagdale now forecasts that the company will post earnings per share of $0.62 for the quarter, down from their previous estimate of $0.91. Jefferies Financial Group also issued estimates for Kraft Heinz’s Q2 2019 earnings at $0.75 EPS, Q4 2019 earnings at $0.66 EPS, FY2019 earnings at $2.71 EPS, FY2020 earnings at $2.90 EPS, FY2021 earnings at $3.13 EPS and FY2022 earnings at $3.38 EPS.
Several other equities analysts have also recently weighed in on the company. BidaskClub upgraded Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Friday, April 5th. Wolfe Research cut 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, March 29th. TheStreet cut Kraft Heinz from a “c-” rating to a “d+” rating in a research report on Wednesday, March 13th. Credit Suisse Group reiterated an “underperform” rating on shares of Kraft Heinz in a research report on Friday, March 8th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $35.00 price target on shares of Kraft Heinz in a research report on Monday, March 4th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. Kraft Heinz has a consensus rating of “Hold” and a consensus target price of $42.64.
Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, February 21st. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.10). Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the prior year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year.
Large investors have recently bought and sold shares of the stock. Clifford Swan Investment Counsel LLC lifted its stake in Kraft Heinz by 0.7% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 33,710 shares of the company’s stock worth $1,451,000 after purchasing an additional 225 shares during the last quarter. North Star Investment Management Corp. lifted its stake in Kraft Heinz by 0.4% during the fourth quarter. North Star Investment Management Corp. now owns 60,799 shares of the company’s stock worth $2,617,000 after purchasing an additional 237 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Kraft Heinz by 4.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,511 shares of the company’s stock worth $237,000 after purchasing an additional 239 shares during the last quarter. OLD Second National Bank of Aurora lifted its stake in Kraft Heinz by 7.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 3,577 shares of the company’s stock worth $154,000 after purchasing an additional 250 shares during the last quarter. Finally, Delta Asset Management LLC TN lifted its stake in Kraft Heinz by 3.5% during the fourth quarter. Delta Asset Management LLC TN now owns 7,466 shares of the company’s stock worth $320,000 after purchasing an additional 250 shares during the last quarter. 62.45% of the stock is owned by institutional investors.
The firm also recently disclosed 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 annualized dividend and a yield of 4.85%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is 45.33%.
About Kraft Heinz
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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