Kraft Heinz (NASDAQ:KHC) Price Target Increased to $43.00 by Analysts at Deutsche Bank Aktiengesellschaft

Kraft Heinz (NASDAQ:KHC) had its price target increased by equities researchers at Deutsche Bank Aktiengesellschaft from $42.00 to $43.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 13.82% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on KHC. Bank of America boosted their price objective on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Citigroup began coverage on Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. Finally, Wells Fargo & Company reduced their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.57.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $37.78 on Thursday. The business’s 50 day moving average price is $35.91 and its two-hundred day moving average price is $35.37. The company has a market cap of $45.93 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. Kraft Heinz has a twelve month low of $30.68 and a twelve month high of $41.47.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. On average, analysts predict that Kraft Heinz will post 3.02 EPS for the current year.

Institutional Investors Weigh In On Kraft Heinz

Several institutional investors have recently made changes to their positions in the stock. FSC Wealth Advisors LLC boosted its stake in shares of Kraft Heinz by 23.4% in the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock valued at $53,000 after buying an additional 270 shares during the period. Welch Group LLC lifted its stake in Kraft Heinz by 1.9% during the first quarter. Welch Group LLC now owns 14,868 shares of the company’s stock worth $549,000 after purchasing an additional 272 shares during the last quarter. Ancora Advisors LLC lifted its stake in Kraft Heinz by 69.9% during the first quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after purchasing an additional 272 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Kraft Heinz by 13.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 2,423 shares of the company’s stock worth $89,000 after purchasing an additional 282 shares during the last quarter. Finally, Archer Investment Corp lifted its stake in Kraft Heinz by 2.0% during the fourth quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock worth $544,000 after purchasing an additional 294 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.