BidaskClub Upgrades The Kraft Heinz Company (KHC) to “Sell”
The Kraft Heinz Company (NASDAQ:KHC) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Saturday.
Several other equities analysts have also commented on the company. Credit Suisse Group reissued an “outperform” rating on shares of The Kraft Heinz in a research report on Sunday, April 23rd. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Consumer Edge raised The Kraft Heinz to an “overweight” rating in a research report on Thursday, May 4th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $91.00 price target (down previously from $99.00) on shares of The Kraft Heinz in a research report on Monday, July 10th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $99.00 price target (down previously from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $97.45.
The Kraft Heinz (NASDAQ:KHC) opened at 86.47 on Friday. The stock has a 50 day moving average of $86.07 and a 200 day moving average of $89.76. The Kraft Heinz has a 12 month low of $79.69 and a 12 month high of $97.77. The firm has a market capitalization of $105.34 billion, a PE ratio of 27.71 and a beta of 0.44.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. On average, equities analysts predict that The Kraft Heinz will post $3.24 earnings per share for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in KHC. First Financial Corp IN increased its stake in The Kraft Heinz by 5.5% in the first quarter. First Financial Corp IN now owns 1,548 shares of the company’s stock worth $140,000 after buying an additional 81 shares in the last quarter. Capital Investment Advisors LLC increased its stake in The Kraft Heinz by 0.4% in the first quarter. Capital Investment Advisors LLC now owns 8,845 shares of the company’s stock worth $803,000 after buying an additional 32 shares in the last quarter. Oliver Luxxe Assets LLC increased its stake in The Kraft Heinz by 2.2% in the first quarter. Oliver Luxxe Assets LLC now owns 39,995 shares of the company’s stock worth $3,632,000 after buying an additional 845 shares in the last quarter. Berkshire Asset Management LLC PA increased its stake in The Kraft Heinz by 2.6% in the first quarter. Berkshire Asset Management LLC PA now owns 211,199 shares of the company’s stock worth $19,179,000 after buying an additional 5,311 shares in the last quarter. Finally, CHICAGO TRUST Co NA purchased a new stake in The Kraft Heinz during the first quarter worth about $202,000. Institutional investors and hedge funds own 62.01% of the company’s stock.
The Kraft Heinz 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.
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