Kraft Heinz’s (KHC) Maintains Rating Reiterated at Credit Suisse Group

Kraft Heinz (NASDAQ:KHCGet Rating)‘s stock had its “maintains” rating reiterated by equities researchers at Credit Suisse Group in a report issued on Thursday, Marketbeat.com reports.

Other equities research analysts have also recently issued research reports about the company. UBS Group cut Kraft Heinz from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $40.00 to $34.00 in a research note on Thursday, May 26th. Stifel Nicolaus upgraded Kraft Heinz from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Thursday. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft dropped their price target on Kraft Heinz from $48.00 to $47.00 in a research note on Monday, July 18th. The Goldman Sachs Group upgraded Kraft Heinz from a “sell” rating to a “neutral” rating and set a $37.00 price target on the stock in a research note on Wednesday. Finally, BMO Capital Markets upgraded Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research note on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.30.

Kraft Heinz Trading Down 1.0 %

Shares of Kraft Heinz stock opened at $36.83 on Thursday. Kraft Heinz has a 12-month low of $32.78 and a 12-month high of $44.87. The stock has a market cap of $45.08 billion, a P/E ratio of 37.20, a P/E/G ratio of 2.87 and a beta of 0.78. 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 business’s 50 day moving average is $37.71 and its 200-day moving average is $38.73.

Kraft Heinz (NASDAQ:KHCGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Kraft Heinz had a return on equity of 6.95% and a net margin of 4.77%. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.36 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue was down .9% compared to the same quarter last year. Equities research analysts predict that Kraft Heinz will post 2.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Kraft Heinz

In other news, CAO Lande Rashida La sold 16,281 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $36.47, for a total transaction of $593,768.07. Following the sale, the chief accounting officer now directly owns 268,174 shares of the company’s stock, valued at approximately $9,780,305.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Miguel Patricio sold 259,958 shares of the firm’s stock in a transaction dated 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 directly owns 1,897,433 shares of the company’s stock, valued at $84,018,333.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lande Rashida La sold 16,281 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $36.47, for a total value of $593,768.07. Following the completion of the sale, the chief accounting officer now directly owns 268,174 shares in the company, valued at $9,780,305.78. The disclosure for this sale can be found here. Insiders have sold a total of 305,094 shares of company stock valued at $13,171,478 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Kraft Heinz

Large investors have recently bought and sold shares of the business. Sandy Cove Advisors LLC bought a new position in Kraft Heinz in the first quarter valued at about $25,000. AlphaMark Advisors LLC raised its position in Kraft Heinz by 521.7% in the fourth quarter. AlphaMark Advisors LLC now owns 715 shares of the company’s stock valued at $26,000 after purchasing an additional 600 shares during the last quarter. TAP Consulting LLC bought a new position in Kraft Heinz in the fourth quarter valued at about $29,000. Larson Financial Group LLC raised its position in Kraft Heinz by 383.7% in the fourth quarter. Larson Financial Group LLC now owns 803 shares of the company’s stock valued at $29,000 after purchasing an additional 637 shares during the last quarter. Finally, Focused Wealth Management Inc raised its position in Kraft Heinz by 100.5% in the first quarter. Focused Wealth Management Inc now owns 772 shares of the company’s stock valued at $30,000 after purchasing an additional 387 shares during the last quarter. 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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