Kraft Heinz (NASDAQ:KHC – Get Rating) is set to release its earnings data before the market opens on Wednesday, April 27th. Analysts expect Kraft Heinz to post earnings of $0.52 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Kraft Heinz (NASDAQ:KHC – Get Rating) last released its earnings results on Wednesday, February 16th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.17. Kraft Heinz had a return on equity of 7.21% and a net margin of 3.89%. The firm had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.63 billion. During the same quarter last year, the business posted $0.80 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. On average, analysts expect Kraft Heinz to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Kraft Heinz stock opened at $42.61 on Wednesday. The firm has a market cap of $52.19 billion, a PE ratio of 51.96, a PEG ratio of 3.21 and a beta of 0.98. Kraft Heinz has a 12 month low of $32.78 and a 12 month high of $44.95. The stock has a 50 day moving average of $38.95 and a 200 day moving average of $37.09. The company has a current ratio of 0.99, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43.
Several hedge funds have recently modified their holdings of KHC. Marshall Wace LLP grew its holdings in shares of Kraft Heinz by 2,558.2% during the fourth quarter. Marshall Wace LLP now owns 140,780 shares of the company’s stock worth $5,054,000 after purchasing an additional 135,484 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Kraft Heinz in the fourth quarter valued at about $415,000. Stifel Financial Corp lifted its position in Kraft Heinz by 8.6% in the fourth quarter. Stifel Financial Corp now owns 482,666 shares of the company’s stock valued at $17,329,000 after purchasing an additional 38,289 shares during the period. Metropolitan Life Insurance Co NY lifted its position in shares of Kraft Heinz by 22.9% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 80,843 shares of the company’s stock valued at $2,902,000 after acquiring an additional 15,090 shares during the period. Finally, NEXT Financial Group Inc increased its stake in shares of Kraft Heinz by 38.2% during the 4th quarter. NEXT Financial Group Inc now owns 22,750 shares of the company’s stock worth $817,000 after purchasing an additional 6,292 shares in the last quarter. 61.51% of the stock is currently owned by institutional investors.
KHC has been the topic of several research reports. TheStreet upgraded Kraft Heinz from a “c+” rating to a “b” rating in a report on Monday, March 28th. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating and set a $40.00 price objective for the company in a research report on Monday, January 17th. UBS Group began coverage on Kraft Heinz in a research report on Wednesday, March 30th. They set a “neutral” rating and a $40.00 price target for the company. Credit Suisse Group lifted their price target on Kraft Heinz from $36.00 to $38.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 23rd. Finally, Morgan Stanley boosted their price objective on Kraft Heinz from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, January 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.88.
About Kraft Heinz (Get Rating)
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.
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