Several brokerages have updated their recommendations and price targets on shares of Kraft Heinz (NASDAQ: KHC) in the last few weeks:
Shares of Kraft Heinz Co. (NASDAQ:KHC) opened at 87.24 on Wednesday. The firm has a 50-day moving average of $88.52 and a 200-day moving average of $85.30. Kraft Heinz Co. has a 1-year low of $68.18 and a 1-year high of $90.54. The firm has a market capitalization of $106.23 billion, a PE ratio of 63.96 and a beta of 0.47.
Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. Kraft Heinz had a net margin of 6.87% and a return on equity of 5.78%. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was up 159.7% compared to the same quarter last year. On average, equities research analysts anticipate that Kraft Heinz Co. will post $3.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, August 26th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.75%. This is an increase from Kraft Heinz’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, August 24th. Kraft Heinz’s dividend payout ratio (DPR) is currently 181.82%.