Equities research analysts forecast that The Kraft Heinz Company (NASDAQ:KHC – Get Rating) will announce sales of $6.36 billion for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Kraft Heinz’s earnings, with the highest sales estimate coming in at $6.50 billion and the lowest estimate coming in at $6.20 billion. Kraft Heinz posted sales of $6.62 billion in the same quarter last year, which would suggest a negative year over year growth rate of 3.9%. The company is expected to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Kraft Heinz will report full-year sales of $25.57 billion for the current fiscal year, with estimates ranging from $25.41 billion to $25.79 billion. For the next year, analysts expect that the business will report sales of $25.59 billion, with estimates ranging from $24.87 billion to $25.97 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Kraft Heinz.
Kraft Heinz (NASDAQ:KHC – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.81 billion. Kraft Heinz had a return on equity of 6.95% and a net margin of 4.77%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 earnings per share.
In related news, CEO Miguel Patricio sold 259,958 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $44.28, for a total value of $11,510,940.24. Following the sale, the chief executive officer now owns 1,897,433 shares in the company, valued at $84,018,333.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.
Several large investors have recently made changes to their positions in KHC. Sandy Cove Advisors LLC purchased a new position in Kraft Heinz during the 1st quarter valued at about $25,000. AlphaMark Advisors LLC grew its holdings in shares of Kraft Heinz by 521.7% during the 4th quarter. AlphaMark Advisors LLC now owns 715 shares of the company’s stock worth $26,000 after acquiring an additional 600 shares during the period. Focused Wealth Management Inc grew its holdings in shares of Kraft Heinz by 100.5% during the 1st quarter. Focused Wealth Management Inc now owns 772 shares of the company’s stock worth $30,000 after acquiring an additional 387 shares during the period. Bell Investment Advisors Inc purchased a new position in shares of Kraft Heinz during the 3rd quarter worth approximately $29,000. Finally, Larson Financial Group LLC boosted its position in shares of Kraft Heinz by 383.7% in the 4th quarter. Larson Financial Group LLC now owns 803 shares of the company’s stock worth $29,000 after purchasing an additional 637 shares in the last quarter. 63.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KHC opened at $38.99 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. Kraft Heinz has a 12-month low of $32.78 and a 12-month high of $44.95. The firm has a market capitalization of $47.72 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 2.86 and a beta of 0.84. The stock’s fifty day simple moving average is $41.09 and its 200-day simple moving average is $38.05.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, May 27th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.10%. Kraft Heinz’s dividend payout ratio (DPR) is presently 161.62%.
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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