The Kraft Heinz (NASDAQ: KHC) has recently received a number of price target changes and ratings updates:

  • 10/4/2017 – The Kraft Heinz was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating.
  • 10/3/2017 – The Kraft Heinz had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $95.00 price target on the stock.
  • 9/21/2017 – The Kraft Heinz had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $95.00 price target on the stock.
  • 9/14/2017 – The Kraft Heinz had its “hold” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $84.00 price target on the stock.
  • 9/12/2017 – The Kraft Heinz was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Kraft Heinz enjoys long-standing consumer recognition. Strong brand portfolio, cost savings initiatives, innovation and marketing efforts boost the growth prospects of the company. Though the company’s net sales have been relatively soft, cost savings have led to better results in the second quarter financial results. Moreover, although Kraft Heinz’s shares have performed better than the industry year to date, estimates are trending downward for 2017 and 2018 over the last 60 days. Soft spending by U.S. shoppers and shift in consumer preference toward natural and organic ingredients over packaged and processed food are hurting the company’s categories.”
  • 9/10/2017 – The Kraft Heinz was given a new $100.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 9/6/2017 – The Kraft Heinz had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $96.00 price target on the stock.
  • 9/1/2017 – The Kraft Heinz had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $95.00 price target on the stock.
  • 8/24/2017 – The Kraft Heinz was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/21/2017 – The Kraft Heinz was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Kraft Heinz enjoys long-standing consumer recognition. Strong brand portfolio, cost savings initiatives, innovation and marketing efforts boost the growth prospects of the company. Though the company’s net sales have been relatively soft, cost savings have led to better results in the second quarter financial results. Moreover, although Kraft Heinz’s shares have performed better than the industry year to date, estimates are trending downward for 2017 and 2018 over the last 90 days. Soft spending by U.S. shoppers and shift in consumer preference toward natural and organic ingredients over packaged and processed food are hurting the company’s categories.”
  • 8/16/2017 – The Kraft Heinz was given a new $92.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 8/12/2017 – The Kraft Heinz was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/9/2017 – The Kraft Heinz had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $85.00 price target on the stock, down previously from $94.00.
  • 8/8/2017 – The Kraft Heinz was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Kraft Heinz posted second-quarter 2017 results wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same. Net sales of $6.68 billion fell shy of the Zacks Consensus Estimate of $6.69 and declined 1.7% year over year due to soft consumer demand in North America and Canada. The company’s overall organic sales growth also declined 0.9% in the quarter on 0.4% lower pricing and 0.5% volume/mix decline. Organic sales declined across all its segments barring Rest of the World. Kraft Heinz has been struggling due to the shift in consumer preference toward natural and organic ingredients over packaged and processed food. Although Kraft Heinz’s shares have performed better than the industry year to date, estimates are trending downward for 2017 and 2018 over the last 30 days.”
  • 8/7/2017 – The Kraft Heinz was given a new $102.00 price target on by analysts at Berenberg Bank. They now have a “buy” rating on the stock.
  • 8/5/2017 – The Kraft Heinz was given a new $100.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.

Shares of The Kraft Heinz Company (NASDAQ KHC) traded up 0.173% during trading on Wednesday, reaching $77.955. 2,001,344 shares of the company’s stock traded hands. The company has a market capitalization of $94.97 billion, a price-to-earnings ratio of 24.986 and a beta of 0.44. The company has a 50 day moving average of $79.67 and a 200-day moving average of $79.67. The Kraft Heinz Company has a 1-year low of $76.76 and a 1-year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.96 by $0.02. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The firm had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The Kraft Heinz’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were given a dividend of $0.625 per share. The ex-dividend date was Wednesday, August 16th. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 annualized dividend and a dividend yield of 3.21%. The Kraft Heinz’s payout ratio is currently 79.87%.

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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