The Kraft Heinz Company (NASDAQ:KHC) Given Average Rating of “Hold” by Brokerages

The Kraft Heinz Company (NASDAQ:KHCGet Rating) has been given an average recommendation of “Hold” by the eleven research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $40.88.

Several equities analysts recently commented on the company. Stifel Nicolaus upgraded Kraft Heinz from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Thursday, July 28th. They noted that the move was a valuation call. UBS Group lowered Kraft Heinz from a “neutral” rating to a “sell” rating and lowered their target price for the company from $40.00 to $34.00 in a research note on Thursday, May 26th. The Goldman Sachs Group reissued an “upgrade” rating on shares of Kraft Heinz in a report on Thursday, July 28th. Mizuho began coverage on Kraft Heinz in a report on Monday, July 18th. They issued a “buy” rating and a $48.00 price target for the company. Finally, TheStreet downgraded Kraft Heinz from a “b” rating to a “c+” rating in a report on Monday.

Kraft Heinz Stock Up 1.5 %

Shares of NASDAQ:KHC opened at $34.44 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.89 and a debt-to-equity ratio of 0.40. Kraft Heinz has a 52-week low of $32.78 and a 52-week high of $44.87. The stock’s fifty day simple moving average is $37.42 and its 200-day simple moving average is $38.78. The company has a market capitalization of $42.20 billion, a P/E ratio of 28.23, a P/E/G ratio of 2.61 and a beta of 0.70.

Kraft Heinz (NASDAQ:KHCGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. Kraft Heinz had a return on equity of 6.82% and a net margin of 5.92%. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.36 billion. During the same period in the prior year, the business earned $0.78 earnings per share. The business’s revenue was down .9% on a year-over-year basis. As a group, equities research analysts forecast that Kraft Heinz will post 2.66 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be given a $0.40 dividend. The ex-dividend date is Thursday, August 25th. This represents a $1.60 annualized dividend and a dividend yield of 4.65%. Kraft Heinz’s dividend payout ratio (DPR) is presently 131.15%.

Insider Transactions at Kraft Heinz

In other news, CAO Lande Rashida La sold 3,500 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $36.56, for a total value of $127,960.00. Following the completion of the sale, the chief accounting officer now owns 266,627 shares of the company’s stock, valued at $9,747,883.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Lande Rashida La sold 3,500 shares of Kraft Heinz stock in a transaction on Friday, July 29th. The stock was sold at an average price of $36.56, for a total transaction of $127,960.00. Following the completion of the sale, the chief accounting officer now owns 266,627 shares of the company’s stock, valued at $9,747,883.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Vince Garlati sold 19,938 shares of Kraft Heinz stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $38.43, for a total value of $766,217.34. Following the sale, the vice president now directly owns 94,843 shares of the company’s stock, valued at approximately $3,644,816.49. The disclosure for this sale can be found here. Insiders sold a total of 53,438 shares of company stock valued at $2,044,977 over the last quarter. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Kraft Heinz

Several institutional investors have recently bought and sold shares of the stock. Sandy Cove Advisors LLC bought a new position in shares of Kraft Heinz in the first quarter worth about $25,000. Crewe Advisors LLC increased its stake in shares of Kraft Heinz by 108.8% in the second quarter. Crewe Advisors LLC now owns 691 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares during the period. Ossiam bought a new position in shares of Kraft Heinz in the second quarter worth about $28,000. Focused Wealth Management Inc increased its stake in shares of Kraft Heinz by 100.5% in the first quarter. Focused Wealth Management Inc now owns 772 shares of the company’s stock worth $30,000 after purchasing an additional 387 shares during the period. Finally, Hallmark Capital Management Inc. bought a new position in shares of Kraft Heinz in the second quarter worth about $32,000. 67.03% of the stock is currently owned by institutional investors.

About Kraft Heinz

(Get Rating)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

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Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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