A number of other equities research analysts have also issued reports on the company. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the company a buy rating in a research note on Saturday, July 29th. Zacks Investment Research upgraded The Kraft Heinz from a sell rating to a hold rating in a research note on Thursday, July 20th. BidaskClub lowered The Kraft Heinz from a sell rating to a strong sell rating in a research note on Wednesday, July 5th. J P Morgan Chase & Co reiterated an overweight rating and issued a $99.00 target price (down previously from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th. Finally, BMO Capital Markets reiterated a hold rating and issued a $96.00 target price on shares of The Kraft Heinz in a research note on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The Kraft Heinz presently has a consensus rating of Hold and an average price target of $97.31.
The Kraft Heinz (NASDAQ:KHC) opened at 84.49 on Tuesday. The Kraft Heinz has a 52-week low of $79.69 and a 52-week high of $97.77. The firm has a market capitalization of $102.93 billion, a P/E ratio of 27.08 and a beta of 0.44. The firm has a 50-day moving average price of $85.82 and a 200 day moving average price of $89.65.
The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. Analysts forecast that The Kraft Heinz will post $3.24 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Wednesday, August 16th. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio (DPR) is currently 79.87%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KHC. Gateway Investment Advisers LLC increased its position in The Kraft Heinz by 5.2% in the first quarter. Gateway Investment Advisers LLC now owns 378,339 shares of the company’s stock worth $34,357,000 after buying an additional 18,748 shares in the last quarter. Tiedemann Wealth Management LLC increased its position in The Kraft Heinz by 6.4% in the first quarter. Tiedemann Wealth Management LLC now owns 47,256 shares of the company’s stock worth $4,291,000 after buying an additional 2,861 shares in the last quarter. Cape Cod Five Cents Savings Bank increased its position in The Kraft Heinz by 9.3% in the first quarter. Cape Cod Five Cents Savings Bank now owns 4,698 shares of the company’s stock worth $427,000 after buying an additional 399 shares in the last quarter. Pillar Pacific Capital Management LLC increased its position in The Kraft Heinz by 7.6% in the first quarter. Pillar Pacific Capital Management LLC now owns 3,693 shares of the company’s stock worth $335,000 after buying an additional 262 shares in the last quarter. Finally, K2 Principal Fund L.P. increased its position in The Kraft Heinz by 338.8% in the first quarter. K2 Principal Fund L.P. now owns 14,507 shares of the company’s stock worth $1,317,000 after buying an additional 11,201 shares in the last quarter. 61.88% of the stock is currently owned by institutional investors.
About The Kraft Heinz
The Kraft Heinz Company is a food and beverage company. 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. The Company’s segments include the United States, Canada and Europe.
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