$6.32 Billion in Sales Expected for The Kraft Heinz Company (NASDAQ:KHC) This Quarter

Brokerages forecast that The Kraft Heinz Company (NASDAQ:KHCGet Rating) will announce sales of $6.32 billion for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Kraft Heinz’s earnings. The highest sales estimate is $6.42 billion and the lowest is $6.20 billion. Kraft Heinz posted sales of $6.62 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.5%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Kraft Heinz will report full year sales of $25.57 billion for the current year, with estimates ranging from $25.41 billion to $25.79 billion. For the next year, analysts forecast that the company will post sales of $25.59 billion, with estimates ranging from $24.87 billion to $25.97 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Kraft Heinz.

Kraft Heinz (NASDAQ:KHCGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.07. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.81 billion. Kraft Heinz had a net margin of 4.77% and a return on equity of 6.95%. Kraft Heinz’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS.

A number of analysts have commented on the stock. TheStreet upgraded shares of Kraft Heinz from a “c+” rating to a “b” rating in a research report on Monday, March 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kraft Heinz from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, February 23rd. Morgan Stanley boosted their price target on shares of Kraft Heinz from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 11th. Credit Suisse Group boosted their price target on shares of Kraft Heinz from $36.00 to $38.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 23rd. Finally, Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a research report on Monday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.56.

Shares of NASDAQ:KHC opened at $42.38 on Wednesday. The company has a market cap of $51.87 billion, a PE ratio of 42.81, a P/E/G ratio of 3.17 and a beta of 0.84. The company’s 50-day moving average price is $40.13 and its 200 day moving average price is $37.51. Kraft Heinz has a fifty-two week low of $32.78 and a fifty-two week high of $44.95. The company has a quick ratio of 0.68, a current ratio of 1.02 and a debt-to-equity ratio of 0.42.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, May 27th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, May 26th. Kraft Heinz’s dividend payout ratio (DPR) is currently 161.62%.

Institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its position in Kraft Heinz by 0.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 45,045 shares of the company’s stock valued at $1,617,000 after purchasing an additional 338 shares in the last quarter. Cetera Advisors LLC grew its position in Kraft Heinz by 70.2% during the third quarter. Cetera Advisors LLC now owns 52,692 shares of the company’s stock valued at $1,940,000 after purchasing an additional 21,729 shares in the last quarter. Wealthfront Advisers LLC grew its position in Kraft Heinz by 9.5% during the fourth quarter. Wealthfront Advisers LLC now owns 140,961 shares of the company’s stock valued at $5,061,000 after purchasing an additional 12,184 shares in the last quarter. Wellington Management Group LLP grew its position in Kraft Heinz by 133.4% during the third quarter. Wellington Management Group LLP now owns 57,250 shares of the company’s stock valued at $2,108,000 after purchasing an additional 32,717 shares in the last quarter. Finally, Cetera Advisor Networks LLC grew its position in Kraft Heinz by 5.6% in the third quarter. Cetera Advisor Networks LLC now owns 104,067 shares of the company’s stock worth $3,832,000 after acquiring an additional 5,492 shares in the last quarter. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Company Profile (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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Earnings History and Estimates for Kraft Heinz (NASDAQ:KHC)

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$6.32 Billion in Sales Expected for The Kraft Heinz Company (NASDAQ:KHC) This Quarter

Analysts expect The Kraft Heinz Company (NASDAQ:KHCGet Rating) to post $6.32 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Kraft Heinz’s earnings. The highest sales estimate is $6.42 billion and the lowest is $6.20 billion. Kraft Heinz posted sales of $6.62 billion during the same quarter last year, which suggests a negative year over year growth rate of 4.5%. The company is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that Kraft Heinz will report full year sales of $25.57 billion for the current financial year, with estimates ranging from $25.41 billion to $25.79 billion. For the next fiscal year, analysts anticipate that the business will post sales of $25.59 billion, with estimates ranging from $24.87 billion to $25.97 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Kraft Heinz.

Kraft Heinz (NASDAQ:KHCGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.07. Kraft Heinz had a net margin of 4.77% and a return on equity of 6.95%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period in the prior year, the business posted $0.72 earnings per share. Kraft Heinz’s revenue was down 5.5% compared to the same quarter last year.

Several brokerages recently weighed in on KHC. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kraft Heinz from $46.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 23rd. TheStreet upgraded shares of Kraft Heinz from a “c+” rating to a “b” rating in a report on Monday, March 28th. BMO Capital Markets increased their target price on shares of Kraft Heinz from $41.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday, April 28th. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a report on Monday, January 17th. Finally, UBS Group started coverage on shares of Kraft Heinz in a report on Wednesday, March 30th. They issued a “neutral” rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.56.

Shares of NASDAQ KHC opened at $42.38 on Wednesday. The company’s 50 day simple moving average is $40.13 and its 200 day simple moving average is $37.51. Kraft Heinz has a fifty-two week low of $32.78 and a fifty-two week high of $44.95. The firm has a market capitalization of $51.87 billion, a P/E ratio of 42.81, a P/E/G ratio of 3.17 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.68.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, May 27th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Thursday, May 26th. Kraft Heinz’s dividend payout ratio is 161.62%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Metis Global Partners LLC grew its position in Kraft Heinz by 87.3% in the first quarter. Metis Global Partners LLC now owns 11,017 shares of the company’s stock valued at $434,000 after purchasing an additional 5,134 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Kraft Heinz by 25.5% during the 1st quarter. International Assets Investment Management LLC now owns 10,640 shares of the company’s stock worth $419,000 after purchasing an additional 2,163 shares during the last quarter. Leo Brokerage LLC bought a new stake in shares of Kraft Heinz in the 1st quarter valued at about $261,000. FinTrust Capital Advisors LLC bought a new stake in shares of Kraft Heinz in the 1st quarter valued at about $165,000. Finally, LaFleur & Godfrey LLC raised its holdings in shares of Kraft Heinz by 4.1% in the 1st quarter. LaFleur & Godfrey LLC now owns 76,372 shares of the company’s stock valued at $3,008,000 after purchasing an additional 2,996 shares during the period. 63.09% of the stock is owned by institutional investors and hedge funds.

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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Get a free copy of the Zacks research report on Kraft Heinz (KHC)

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Earnings History and Estimates for Kraft Heinz (NASDAQ:KHC)

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