Several brokerages have updated their recommendations and price targets on shares of Kraft Heinz (NASDAQ: KHC) in the last few weeks:

  • 9/19/2016 – Kraft Heinz was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $98.22 price target on the stock.
  • 9/12/2016 – Kraft Heinz was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $98.22 price target on the stock.
  • 9/12/2016 – Kraft Heinz was given a new $110.00 price target on by analysts at Sanford C. Bernstein. They now have a “buy” rating on the stock.
  • 8/31/2016 – Kraft Heinz had its price target lowered by analysts at Morgan Stanley from $100.00 to $97.00. They now have an “overweight” rating on the stock.
  • 8/26/2016 – Kraft Heinz had its price target lowered by analysts at Susquehanna from $118.00 to $114.00. They now have a “positive” rating on the stock.
  • 8/22/2016 – Kraft Heinz had its “buy” rating reaffirmed by analysts at Susquehanna.
  • 8/16/2016 – Kraft Heinz had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $100.00 price target on the stock, up previously from $98.00.
  • 8/13/2016 – Kraft Heinz had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $100.00 price target on the stock.
  • 8/8/2016 – Kraft Heinz was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $99.00 price target on the stock. According to Zacks, “Kraft Heinz beat the Zacks Consensus Estimate for earnings but missed the same for sales in the second-quarter of 2016. Adjusted earnings per share of $0.85 surged 39.3% year over year as cost savings offset weak sales trends and a higher tax rate. Organic sales declined 0.5% in the quarter due to lower volume/mix. Kraft Heinz’ categories have slowed down due to soft global retail and consumer demand. Consumption trends in a number of the company's key categories remain challenged. Management warned that consumer trends are likely to remain challenged in both North America and Europe in the second half. However, though the company’s sales have been relatively soft, cost savings have led to better margins, mainly in the developed markets of the U.S. and Europe. A portion of its savings is also being re-invested in the business for innovation, brand building and marketing to stimulate top-line growth.”
  • 8/5/2016 – Kraft Heinz was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $103.00 price target on the stock, up previously from $85.00.
  • 8/5/2016 – Kraft Heinz had its price target raised by analysts at Royal Bank Of Canada from $92.00 to $96.00. They now have an “outperform” rating on the stock.
  • 8/5/2016 – Kraft Heinz was given a new $97.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 8/5/2016 – Kraft Heinz had its price target raised by analysts at Stifel Nicolaus from $90.00 to $95.00. They now have a “buy” rating on the stock.
  • 8/5/2016 – Kraft Heinz had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $96.00 price target on the stock, up previously from $92.00.
  • 8/1/2016 – Kraft Heinz was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Estimates have been stable lately, ahead of Kraft Heinz’ second quarter earnings release. Kraft Heinz has been seeing top-line weakness over the past many quarters. The company is witnessing lower volumes and share losses in the U.S. due to weak category trends. Lower spending by U.S. shoppers and a shift in consumer preference toward natural and organic ingredients from packaged and processed food are hurting the company’s categories. Category trends and market share performance are likely to remain under pressure through the rest of 2016. Though the company’s sales have been relatively soft, cost savings have led to better margins, mainly in the developed markets of the U.S. and Europe. A portion of its savings is also being re-invested in the business for innovation, brand building and marketing to stimulate top-line growth. “
  • 7/26/2016 – Kraft Heinz was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Estimates have been stable lately, ahead of Kraft Heinz’ second quarter earnings release. Kraft Heinz has been seeing top-line weakness over the past many quarters. The company is witnessing lower volumes and share losses in the U.S. due to weak category trends. Lower spending by U.S. shoppers and a shift in consumer preference toward natural and organic ingredients from packaged and processed food are hurting the company’s categories. Category trends and market share performance are likely to remain under pressure through the rest of 2016. Though the company’s sales have been relatively soft, cost savings have led to better margins, mainly in the developed markets of the U.S. and Europe. A portion of its savings is also being re-invested in the business for innovation, brand building and marketing to stimulate top-line growth. “

Kraft Heinz Co. (NASDAQ:KHC) opened at 87.12 on Wednesday. The company has a 50-day moving average of $88.58 and a 200 day moving average of $84.12. Kraft Heinz Co. has a 12 month low of $68.18 and a 12 month high of $90.54. The stock has a market capitalization of $106.08 billion, a price-to-earnings ratio of 63.87 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. Kraft Heinz had a net margin of 6.87% and a return on equity of 5.78%. The firm earned $6.79 billion during the quarter, compared to analysts’ expectations of $4.70 billion. During the same period in the previous year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 159.7% compared to the same quarter last year. On average, equities research analysts anticipate that Kraft Heinz Co. will post $3.24 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, August 26th will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, August 24th. This is a boost from Kraft Heinz’s previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.75%. Kraft Heinz’s payout ratio is currently 181.82%.

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

5 Day Chart for NASDAQ:KHC

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