Analysts expect that The Kraft Heinz Company (NASDAQ:KHC) will post $6.74 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for The Kraft Heinz Company’s earnings, with the highest sales estimate coming in at $6.83 billion and the lowest estimate coming in at $6.67 billion. The Kraft Heinz Company posted sales of $6.79 billion during the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The business is scheduled to report its next quarterly earnings report on Thursday, August 3rd.

According to Zacks, analysts expect that The Kraft Heinz Company will report full year sales of $6.74 billion for the current year, with estimates ranging from $26.35 billion to $26.60 billion. For the next financial year, analysts forecast that the business will report sales of $26.99 billion per share, with estimates ranging from $26.30 billion to $27.82 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover The Kraft Heinz Company.

The Kraft Heinz Company (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.01. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.44 billion. The Kraft Heinz Company had a return on equity of 7.25% and a net margin of 13.12%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share.

A number of analysts recently issued reports on the stock. Royal Bank Of Canada set a $96.00 price objective on shares of The Kraft Heinz Company and gave the stock a “buy” rating in a report on Saturday, June 3rd. BMO Capital Markets restated a “hold” rating and set a $96.00 price objective on shares of The Kraft Heinz Company in a report on Thursday. Berenberg Bank assumed coverage on shares of The Kraft Heinz Company in a report on Wednesday, June 7th. They set a “buy” rating and a $102.00 price objective for the company. Susquehanna Bancshares Inc set a $99.00 price objective on shares of The Kraft Heinz Company and gave the stock a “hold” rating in a report on Tuesday, June 6th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $110.00 price objective on shares of The Kraft Heinz Company in a report on Sunday, February 19th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $98.45.

Several institutional investors have recently added to or reduced their stakes in KHC. Gateway Investment Advisers LLC raised its position in The Kraft Heinz Company 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 during the period. Wallace Capital Management Inc. raised its position in The Kraft Heinz Company by 0.7% in the fourth quarter. Wallace Capital Management Inc. now owns 14,871 shares of the company’s stock worth $1,299,000 after buying an additional 109 shares during the period. Cape Cod Five Cents Savings Bank raised its position in The Kraft Heinz Company 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 during the period. Ibex Wealth Advisors raised its position in The Kraft Heinz Company by 7.7% in the fourth quarter. Ibex Wealth Advisors now owns 16,947 shares of the company’s stock worth $1,507,000 after buying an additional 1,215 shares during the period. Finally, CENTRAL TRUST Co raised its position in The Kraft Heinz Company by 0.5% in the first quarter. CENTRAL TRUST Co now owns 66,670 shares of the company’s stock worth $6,054,000 after buying an additional 362 shares during the period. Institutional investors own 62.64% of the company’s stock.

The Kraft Heinz Company (NASDAQ:KHC) traded down 2.44% on Friday, hitting $89.41. 7,470,649 shares of the stock traded hands. The Kraft Heinz Company has a 52 week low of $79.69 and a 52 week high of $97.77. The firm has a market capitalization of $108.87 billion, a PE ratio of 31.82 and a beta of 0.42. The stock has a 50 day moving average of $90.96 and a 200 day moving average of $89.60.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 19th were paid a $0.60 dividend. The ex-dividend date was Wednesday, May 17th. This represents a $2.40 annualized dividend and a dividend yield of 2.68%. The Kraft Heinz Company’s payout ratio is 85.11%.

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About The Kraft Heinz Company

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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