Trade Report: The Kraft Heinz Co. (KHC) Receives Consensus Recommendation of “Buy” from Analysts

The Kraft Heinz Co. (KHC) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Kraft Heinz Co. (NASDAQ:KHC) have been assigned a consensus recommendation of “Buy” from the sixteen ratings firms that are currently covering the company. Two investment analysts have rated the stock with a sell recommendation, twelve have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $100.35.

Several brokerages recently issued reports on KHC. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $100.00 price target on shares of Kraft Heinz in a research note on Saturday, August 13th. Stifel Nicolaus boosted their price target on Kraft Heinz from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, August 5th. RBC Capital Markets reiterated an “outperform” rating and issued a $96.00 price target (up from $92.00) on shares of Kraft Heinz in a research note on Friday, August 5th. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Monday, August 8th. Finally, Morgan Stanley set a $97.00 price objective on shares of Kraft Heinz and gave the company a “buy” rating in a research report on Friday, August 5th.

Shares of Kraft Heinz (NASDAQ:KHC) traded up 0.34% on Monday, reaching $88.83. The company’s stock had a trading volume of 1,234,827 shares. The firm has a 50 day moving average of $88.39 and a 200 day moving average of $85.40. The company has a market cap of $108.16 billion, a PE ratio of 65.12 and a beta of 0.47. Kraft Heinz has a 52-week low of $68.18 and a 52-week high of $90.54.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. Kraft Heinz had a return on equity of 5.78% and a net margin of 6.87%. The company earned $6.79 billion during the quarter, compared to analysts’ expectations of $4.70 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue was up 159.7% on a year-over-year basis. Analysts predict that Kraft Heinz will post $3.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, August 26th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.71%. 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 is presently 181.82%.

In related news, major shareholder Global Food Holdings Lp 3G sold 2,808,371 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $87.05, for a total value of $244,468,695.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.92% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Chesley Taft & Associates LLC increased its stake in Kraft Heinz by 2.4% in the third quarter. Chesley Taft & Associates LLC now owns 143,589 shares of the company’s stock worth $12,853,000 after buying an additional 3,357 shares during the last quarter. CrestPoint Capital Management LLC increased its stake in Kraft Heinz by 3.2% in the third quarter. CrestPoint Capital Management LLC now owns 12,900 shares of the company’s stock worth $1,155,000 after buying an additional 400 shares during the last quarter. Windward Capital Management Co. CA increased its stake in Kraft Heinz by 66.1% in the third quarter. Windward Capital Management Co. CA now owns 5,233 shares of the company’s stock worth $468,000 after buying an additional 2,083 shares during the last quarter. Harwood Advisory Group LLC increased its stake in Kraft Heinz by 15.6% in the third quarter. Harwood Advisory Group LLC now owns 24,228 shares of the company’s stock worth $2,169,000 after buying an additional 3,261 shares during the last quarter. Finally, National Pension Service increased its stake in Kraft Heinz by 8.5% in the third quarter. National Pension Service now owns 395,593 shares of the company’s stock worth $35,410,000 after buying an additional 31,105 shares during the last quarter. Institutional investors and hedge funds own 61.39% of the company’s stock.

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