The current price change puts the market capitalization at $4.46 bln. In the matter of earnings surprises, it can have a huge impact on a company’s stock price. Analysts anticipate that Kraft Heinz will post $3.24 EPS for the current year. They now have a Dollars 96 price target on the stock. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and issued a $98.00 price target (up from $93.00) on shares of Kraft Heinz in a research report on Friday, July 15th. They now have a Dollars 103 price target on the stock. Sanford C. Bernstein set a $110.00 target price on shares of Kraft Heinz and gave the company a buy rating in a research note on Monday, September 12th.
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Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 4th. The consensus rating is 2.7, suggesting the market has given up on the stock. Material and fundamental digressions in the company’s procedures, future outlook or industry can cause downgrades as the analysts feel that the future prospects for the security have weakened from the original recommendation. The ability for The Kraft Heinz Company to pay for the 2.70% dividend yield is 208.90% payout ratio.
Currently The Kraft Heinz Company, has an EPS of 1.35, which has grown by -318.40% this year. Kraft Heinz Co has recorded a 50-day average of $88.53 and two hundred day average of $83.88.
On 9/12/2016, Vetr Inc. reported about Kraft Heinz Co (NASDAQ:KHC) bumped the target price from $0.00 to $98.22 that indicated a possible upside of 0.14%.
Company mean estimate for revenue for the ongoing quarter ending Jun 15 is $4.70B by 10 analysts. Kraft Heinz had a net margin of 6.87% and a return on equity of 5.78%. Maximum EPS estimate that projected in Next Fiscal Year is recorded at $4.07 and minimum forecasted EPS is calculated at $3.55. During the same period previous year, the company earned $0.92 earnings per share. The reporting of the Kraft Heinz Co next quarter earnings is on 2016-11-03 but the release of the earnings for the next fiscal year is on 2017-02-23.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. The ex-dividend date is Wednesday, August 24th. 2 analysts have rated the company as a strong “Hold”.
In terms of value, The Kraft Heinz Company has a P/E value of 66.08, combined with a forward P/E of 22.72. Current price places the company’s stock 9.35% away from its 200-day simple moving average, -0.99%, away from the 50-day average and also -1.76% away from 20-day average. Balentine LLC now owns 1,605 shares of the company’s stock worth $126,000 after buying an additional 485 shares during the period. Finally, CENTRAL TRUST Co acquired a new position in shares of Kraft Heinz during the first quarter valued at $3,033,000. Iowa State Bank purchased a new position in Kraft Heinz during the second quarter worth about $129,000.
While increased trading for short periods will not mean much, conversely, a trend of heavy trading volume on the buy side over a series of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is crucial.
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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.
