Several other research analysts also recently issued reports on the company. Stifel Nicolaus downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Friday. UBS Group downgraded Kraft Heinz from a “buy” rating to a “neutral” rating in a research note on Friday. Piper Jaffray Companies downgraded Kraft Heinz from an “overweight” rating to a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. downgraded Kraft Heinz from an “overweight” rating to a “neutral” rating in a research note on Friday. Finally, Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $63.15.
Shares of NASDAQ KHC opened at $48.18 on Friday. The firm has a market cap of $58.85 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 2.36 and a beta of 0.72. Kraft Heinz has a one year low of $41.60 and a one year high of $70.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.00.
Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.10). The company had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Kraft Heinz had a return on equity of 6.62% and a net margin of 39.56%. Kraft Heinz’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Analysts forecast that Kraft Heinz will post 3.61 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Cerebellum GP LLC increased its stake in shares of Kraft Heinz by 83.3% during the 4th quarter. Cerebellum GP LLC now owns 5,821 shares of the company’s stock valued at $251,000 after acquiring an additional 2,646 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Kraft Heinz by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after acquiring an additional 1,123,288 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Kraft Heinz by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 3,065,442 shares of the company’s stock valued at $168,904,000 after acquiring an additional 174,254 shares during the last quarter. B. Riley Wealth Management Inc. acquired a new position in shares of Kraft Heinz during the 3rd quarter valued at about $384,000. Finally, Wells Fargo & Company MN increased its stake in shares of Kraft Heinz by 5.6% during the 3rd quarter. Wells Fargo & Company MN now owns 2,653,238 shares of the company’s stock valued at $146,220,000 after acquiring an additional 141,717 shares during the last quarter. 62.30% of the stock is owned by hedge funds and other institutional investors.
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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