The Kraft Heinz’s (KHC) Hold Rating Reaffirmed at Susquehanna Bancshares Inc
The Kraft Heinz Company (NASDAQ:KHC)‘s stock had its “hold” rating restated by investment analysts at Susquehanna Bancshares Inc in a note issued to investors on Thursday. They currently have a $84.00 target price on the stock. Susquehanna Bancshares Inc’s price target would indicate a potential upside of 2.55% from the company’s previous close.
Other analysts have also issued reports about the company. Royal Bank Of Canada set a $96.00 price target on The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. TheStreet raised The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $99.00 price target (down from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th. Finally, Piper Jaffray Companies set a $92.00 price target on The Kraft Heinz and gave the stock a “hold” rating in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The Kraft Heinz currently has a consensus rating of “Buy” and an average target price of $97.18.
The Kraft Heinz (KHC) traded down 1.07% during mid-day trading on Thursday, reaching $81.03. The company had a trading volume of 1,906,738 shares. The stock has a market capitalization of $98.71 billion, a price-to-earnings ratio of 25.97 and a beta of 0.45. The stock has a 50 day moving average of $82.36 and a 200 day moving average of $88.72. The Kraft Heinz has a 52 week low of $79.69 and a 52 week high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion for 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 revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Analysts anticipate that The Kraft Heinz will post $3.24 earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in KHC. Westside Investment Management Inc. lifted its stake in shares of The Kraft Heinz by 16.6% in the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after purchasing an additional 172 shares during the last quarter. Rockefeller Financial Services Inc. lifted its stake in shares of The Kraft Heinz by 240.2% in the 1st quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after purchasing an additional 800 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of The Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after purchasing an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in shares of The Kraft Heinz in the 2nd quarter valued at $121,000. Finally, V Wealth Management LLC acquired a new position in shares of The Kraft Heinz in the 2nd quarter valued at $125,000. 61.91% of the stock is currently 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.
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