Kraft Heinz (NASDAQ:KHC) Earns “Sell (D)” Rating from Weiss Ratings

Kraft Heinz (NASDAQ:KHC)‘s stock had its “sell (d)” rating reissued by analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

KHC has been the topic of several other reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Kraft Heinz from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. UBS Group decreased their price target on shares of Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Barclays cut their price target on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, October 10th. DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Finally, Jefferies Financial Group dropped their price objective on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $28.65.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $25.25 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The firm has a market cap of $29.89 billion, a P/E ratio of -5.62, a P/E/G ratio of 2.96 and a beta of 0.16. The firm has a 50 day simple moving average of $26.33 and a 200 day simple moving average of $27.11. Kraft Heinz has a fifty-two week low of $24.80 and a fifty-two week high of $35.17.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business had revenue of $6.39 billion during the quarter. Sell-side analysts predict that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Sterneck Capital Management LLC bought a new position in shares of Kraft Heinz during the third quarter valued at about $250,000. Citizens Financial Group Inc. RI bought a new stake in shares of Kraft Heinz in the third quarter valued at approximately $235,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Kraft Heinz by 13,046.7% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 19,720 shares of the company’s stock valued at $501,000 after purchasing an additional 19,570 shares during the period. IRON Financial LLC purchased a new position in Kraft Heinz during the third quarter valued at approximately $804,000. Finally, Associated Banc Corp grew its stake in Kraft Heinz by 31.9% during the third quarter. Associated Banc Corp now owns 13,705 shares of the company’s stock valued at $357,000 after acquiring an additional 3,311 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

About Kraft Heinz

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.