BMO Capital Markets reiterated their hold rating on shares of The Kraft Heinz Company (NASDAQ:KHC) in a report issued on Thursday. The firm currently has a $96.00 price objective on the stock.

KHC has been the subject of several other reports. Sanford C. Bernstein reissued a top pick rating and set a $109.00 price target on shares of The Kraft Heinz Company in a report on Friday, January 6th. Susquehanna Bancshares Inc boosted their target price on shares of The Kraft Heinz Company from $114.00 to $118.00 and gave the stock a positive rating in a research note on Monday, October 31st. Deutsche Bank AG reaffirmed a buy rating on shares of The Kraft Heinz Company in a research note on Monday, October 31st. Zacks Investment Research raised shares of The Kraft Heinz Company from a sell rating to a hold rating in a research note on Friday, January 20th. Finally, RBC Capital Markets reaffirmed an outperform rating and issued a $96.00 target price on shares of The Kraft Heinz Company in a research note on Tuesday, November 1st. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $98.95.

Shares of The Kraft Heinz Company (NASDAQ:KHC) traded down 4.19% during midday trading on Thursday, hitting $87.28. 10,572,418 shares of the company traded hands. The stock has a market capitalization of $106.24 billion, a P/E ratio of 38.42 and a beta of 0.42. The Kraft Heinz Company has a 12-month low of $71.82 and a 12-month high of $91.30. The stock’s 50-day moving average is $88.39 and its 200 day moving average is $87.17.

The Kraft Heinz Company (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 15th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The Kraft Heinz Company had a net margin of 10.44% and a return on equity of 6.40%. The firm earned $6.86 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same period last year, the firm posted $0.80 EPS. On average, analysts expect that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, March 3rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, March 1st. The Kraft Heinz Company’s dividend payout ratio is 105.26%.

Several large investors have recently modified their holdings of the company. Bollard Group LLC boosted its stake in shares of The Kraft Heinz Company by 815.4% in the third quarter. Bollard Group LLC now owns 1,126 shares of the company’s stock valued at $101,000 after buying an additional 1,003 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of The Kraft Heinz Company by 129.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,223 shares of the company’s stock valued at $109,000 after buying an additional 689 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in shares of The Kraft Heinz Company by 8.5% in the second quarter. Enterprise Financial Services Corp now owns 1,280 shares of the company’s stock valued at $113,000 after buying an additional 100 shares in the last quarter. CWM LLC boosted its stake in shares of The Kraft Heinz Company by 21.9% in the third quarter. CWM LLC now owns 1,367 shares of the company’s stock valued at $122,000 after buying an additional 246 shares in the last quarter. Finally, TLP Group LLC acquired a new stake in shares of The Kraft Heinz Company during the third quarter valued at approximately $126,000. Institutional investors own 61.47% of the company’s stock.

The Kraft Heinz Company Company Profile

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.

5 Day Chart for NASDAQ:KHC

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