The Kraft Heinz Company (NASDAQ:KHC) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

A number of other research analysts have also weighed in on the company. Susquehanna Bancshares Inc restated a “neutral” rating and set a $85.00 price objective (down previously from $94.00) on shares of The Kraft Heinz in a research report on Wednesday. Zacks Investment Research downgraded shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday. Berenberg Bank set a $102.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Monday, August 7th. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Saturday, August 5th. Finally, TheStreet raised shares of The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The Kraft Heinz currently has a consensus rating of “Hold” and a consensus target price of $97.45.

The Kraft Heinz (NASDAQ:KHC) traded up 0.68% during midday trading on Friday, reaching $86.47. The company had a trading volume of 2,539,485 shares. The Kraft Heinz has a 52 week low of $79.69 and a 52 week high of $97.77. The company has a market capitalization of $105.34 billion, a price-to-earnings ratio of 27.71 and a beta of 0.44. The firm has a 50-day moving average price of $86.07 and a 200-day moving average price of $89.76.

The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. Analysts expect that The Kraft Heinz will post $3.24 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “BidaskClub Upgrades The Kraft Heinz Company (KHC) to Sell” was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/12/bidaskclub-upgrades-the-kraft-heinz-company-khc-to-sell.html.

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of The Kraft Heinz by 1.2% in the second quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after buying an additional 487,241 shares during the period. BlackRock Inc. raised its position in shares of The Kraft Heinz by 1.7% in the second quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock worth $2,835,974,000 after buying an additional 562,183 shares during the period. State Street Corp raised its position in shares of The Kraft Heinz by 2.8% in the first quarter. State Street Corp now owns 24,579,995 shares of the company’s stock worth $2,232,113,000 after buying an additional 680,941 shares during the period. FMR LLC raised its position in shares of The Kraft Heinz by 30.0% in the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after buying an additional 2,659,846 shares during the period. Finally, Morgan Stanley raised its position in shares of The Kraft Heinz by 55.6% in the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock worth $759,605,000 after buying an additional 2,988,664 shares during the period. 62.01% of the stock is owned by institutional investors and hedge funds.

About The Kraft Heinz

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.

Analyst Recommendations for The Kraft Heinz (NASDAQ:KHC)

Receive News & Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related companies with MarketBeat.com's FREE daily email newsletter.