Shares of The Kraft Heinz Company (NASDAQ:KHC – Get Rating) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $40.88.
Several research firms recently issued reports on KHC. The Goldman Sachs Group reiterated an “upgrade” rating on shares of Kraft Heinz in a research report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kraft Heinz from $48.00 to $47.00 in a research report on Monday, July 18th. Stifel Nicolaus upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Thursday, July 28th. They noted that the move was a valuation call. BMO Capital Markets upgraded shares of Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $46.00 target price on the stock in a research report on Wednesday, June 22nd. Finally, TheStreet lowered shares of Kraft Heinz from a “b” rating to a “c+” rating in a research report on Monday.
Insider Transactions at Kraft Heinz
In related news, CAO Lande Rashida La sold 3,500 shares of Kraft Heinz stock in a transaction on Friday, July 29th. The shares were sold at an average price of $36.56, for a total transaction of $127,960.00. Following the completion of the transaction, the chief accounting officer now owns 266,627 shares of the company’s stock, valued at $9,747,883.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Kraft Heinz news, CAO Lande Rashida La sold 3,500 shares of Kraft Heinz stock in a transaction on Friday, July 29th. The shares were sold at an average price of $36.56, for a total value of $127,960.00. Following the completion of the sale, the chief accounting officer now directly owns 266,627 shares of the company’s stock, valued at $9,747,883.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Vince Garlati sold 19,938 shares of Kraft Heinz stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $38.43, for a total transaction of $766,217.34. Following the completion of the sale, the vice president now directly owns 94,843 shares of the company’s stock, valued at $3,644,816.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,438 shares of company stock worth $2,044,977. Company insiders own 1.40% of the company’s stock.
Institutional Inflows and Outflows
Kraft Heinz Stock Performance
NASDAQ KHC opened at $34.44 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.52 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $42.20 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 2.61 and a beta of 0.70. The firm’s 50 day simple moving average is $37.42 and its 200 day simple moving average is $38.78. Kraft Heinz has a 1 year low of $32.78 and a 1 year high of $44.87.
Kraft Heinz (NASDAQ:KHC – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.36 billion. Kraft Heinz had a net margin of 5.92% and a return on equity of 6.82%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. As a group, research analysts expect that Kraft Heinz will post 2.66 earnings per share for the current fiscal year.
Kraft Heinz Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.65%. Kraft Heinz’s dividend payout ratio (DPR) is presently 131.15%.
About Kraft Heinz
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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