The Kraft Heinz Company (KHC) PT Lowered to $80.00 at Susquehanna Bancshares Inc
The Kraft Heinz Company (NASDAQ:KHC) had its price objective trimmed by Susquehanna Bancshares Inc from $83.00 to $80.00 in a report released on Thursday, MarketBeat.com reports. The firm currently has a neutral rating on the stock.
KHC has been the subject of a number of other research reports. UBS AG reiterated a buy rating and set a $89.00 target price (down previously from $97.00) on shares of The Kraft Heinz in a report on Friday, October 13th. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the stock a buy rating in a report on Sunday, September 10th. BidaskClub upgraded The Kraft Heinz from a strong sell rating to a sell rating in a report on Saturday, August 12th. Piper Jaffray Companies upgraded The Kraft Heinz from a neutral rating to an overweight rating and lowered their target price for the stock from $92.00 to $90.00 in a report on Friday, October 6th. Finally, Royal Bank Of Canada reiterated a buy rating and set a $95.00 target price on shares of The Kraft Heinz in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. The Kraft Heinz presently has an average rating of Buy and a consensus price target of $92.49.
The Kraft Heinz (NASDAQ:KHC) traded down $0.03 on Thursday, hitting $78.00. 4,041,871 shares of the company were exchanged, compared to its average volume of 3,740,792. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.55 and a current ratio of 0.77. The Kraft Heinz has a 1-year low of $75.21 and a 1-year high of $97.77. The company has a market cap of $95,023.58, a PE ratio of 21.91, a P/E/G ratio of 1.98 and a beta of 0.43.
The Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. The firm had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. research analysts predict that The Kraft Heinz will post 3.61 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.21%. The Kraft Heinz’s dividend payout ratio is 77.88%.
Several institutional investors have recently bought and sold shares of the company. Candriam Luxembourg S.C.A. boosted its stake in shares of The Kraft Heinz by 3.8% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 47,278 shares of the company’s stock worth $3,666,000 after buying an additional 1,736 shares during the last quarter. WestEnd Advisors LLC boosted its stake in shares of The Kraft Heinz by 3.7% during the 3rd quarter. WestEnd Advisors LLC now owns 588,049 shares of the company’s stock worth $45,603,000 after buying an additional 20,773 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of The Kraft Heinz by 17.8% during the 3rd quarter. Bessemer Group Inc. now owns 2,229,974 shares of the company’s stock worth $172,934,000 after buying an additional 336,163 shares during the last quarter. Micawber Capital LLC boosted its stake in shares of The Kraft Heinz by 80.0% during the 3rd quarter. Micawber Capital LLC now owns 29,538 shares of the company’s stock worth $2,291,000 after buying an additional 13,128 shares during the last quarter. Finally, Greatmark Investment Partners Inc. boosted its stake in shares of The Kraft Heinz by 13.7% during the 3rd quarter. Greatmark Investment Partners Inc. now owns 5,618 shares of the company’s stock worth $436,000 after buying an additional 675 shares during the last quarter. Institutional investors own 61.79% 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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