The firm now has a a buy rating on the stock.
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The Kraft Heinz Company (NASDAQ:KHC) closed down -3.22 points or -3.61% at $85.97 with 3.7 mln shares exchanging hands. Stifel Nicolaus raised their price objective on shares of Kraft Heinz from $90.00 to $95.00 and gave the company a buy rating in a research report on Friday, August 5th. Susquehanna decreased their price target on shares of Kraft Heinz from $118.00 to $114.00 and set a positive rating for the company in a research report on Friday, August 26th. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell. Kraft Heinz now has a consensus rating of Buy and a consensus price target of $98.79. 2579768 shares were traded on Kraft Heinz’s last session. In the matter of earnings surprises, it can have a huge impact on a company’s stock price. (NASDAQ: KHC) now has a 50-day MA is $88.32 and 200-day MA is $83.41, and it has traded in a 52-week range between $68.18 – 90.54 and the last closing price is -0.02 percent off the 52 week high. This appreciation has taken its market cap to $107.84B and a price-to-earnings ratio to 64.93.
The 52-week high of the share price is -7.64% and 52-week low of the share price is 30.82%.
Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, August 4th.
Earnings Estimates: “16” Analysts are saying that the company to announce quarterly earnings of $0.75 per share for current quarter period Quarter Ending Sep-16.
Present Consensus Recommendation for THE KRAFT HEINZ COMPANY (KHC): offers its products under various brand names, including Kraft, Oscar Mayer, Heinz, Planters, Velveeta, Philadelphia, Lunchables, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, Tassimo, Plasmon, Lea & Perrins, ABC, Master, Quero, Golden Circle, Wattie’s, and Complan. During the same quarter in the previous year, the business posted $0.92 earnings per share. The company’s revenue was up 159.7% compared to the same quarter a year ago. On average, equities research analysts anticipate that Kraft Heinz will post $3.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. This represents a $2.40 annualized dividend and a dividend yield of 2.71%. The investment management firm now holds a total of 353,441 shares of Kraft Heinz Co which is valued at $31,654,176.Kraft Heinz Co makes up approximately 0.13% of Envestnet Asset Management Inc’s portfolio. The ex-dividend date is Wednesday, August 24th.
The Kraft Heinz Company is a food and beverage company.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions. Enterprise Financial Services Corp increased its position in shares of Kraft Heinz by 8.5% in the second quarter. Balentine LLC increased its position in shares of Kraft Heinz by 43.3% in the first quarter. The Hedge Fund company now holds 24,714 shares of KHC which is valued at $2,193,368.
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In an overview of the current analyst recommendations, Buy count is 11 and Overweight is 2 while the number of analysts recommending Sell and Underweight are 1 and 1, respectively. Reliance Trust Co. of DE raised its position in Kraft Heinz by 11.6% in the fourth quarter. Vigilant Capital Management LLC now owns 1,756 shares of the company’s stock valued at $155,000 after buying an additional 116 shares during the last quarter. The Kraft Heinz Company Food – Major Diversified has a PEG of 2.72 alongside a PS value of 4.08 and a PB value of 1.81.
