Kraft Heinz (NASDAQ:KHC) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The firm presently has a $85.31 target price on the stock. Vetr‘s target price points to a potential upside of 14.88% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. UBS Group reaffirmed a “buy” rating and issued a $89.00 target price (down previously from $97.00) on shares of Kraft Heinz in a research note on Friday, October 13th. Jefferies Group assumed coverage on Kraft Heinz in a research note on Friday, January 19th. They issued a “buy” rating and a $95.00 target price on the stock. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. BidaskClub raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, BMO Capital Markets reduced their target price on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Kraft Heinz has a consensus rating of “Buy” and a consensus price target of $92.27.

Shares of Kraft Heinz (NASDAQ:KHC) traded down $2.93 during trading hours on Monday, hitting $74.26. The stock had a trading volume of 5,361,149 shares, compared to its average volume of 3,660,000. The stock has a market cap of $90,470.00 and a price-to-earnings ratio of 23.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. Kraft Heinz has a fifty-two week low of $74.18 and a fifty-two week high of $97.77.

A number of institutional investors and hedge funds have recently modified their holdings of KHC. FMR LLC raised its holdings in Kraft Heinz by 30.0% in the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after acquiring an additional 2,659,846 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Kraft Heinz in the 2nd quarter valued at $102,151,000. Principal Financial Group Inc. raised its holdings in Kraft Heinz by 128.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,932,498 shares of the company’s stock valued at $165,499,000 after acquiring an additional 1,086,062 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Kraft Heinz by 49.4% in the 2nd quarter. Alliancebernstein L.P. now owns 2,658,122 shares of the company’s stock valued at $227,642,000 after acquiring an additional 878,768 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Kraft Heinz by 509.2% in the 2nd quarter. Janus Henderson Group PLC now owns 876,433 shares of the company’s stock valued at $75,053,000 after acquiring an additional 732,575 shares during the last quarter. Institutional investors own 61.92% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Kraft Heinz (KHC) Upgraded at Vetr” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/kraft-heinz-khc-upgraded-at-vetr/1846931.html.

About 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.