The Kraft Heinz Company (NASDAQ:KHC) had its price objective cut by analysts at Morgan Stanley from $95.00 to $92.00 in a note issued to investors on Friday. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 17.72% from the company’s current price.

Other equities analysts also recently issued research reports about the company. UBS AG reiterated a “positive” rating and issued a $89.00 price objective (down previously from $97.00) on shares of The Kraft Heinz in a research report on Friday. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. TheStreet upgraded The Kraft Heinz from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $85.00 price objective (down previously from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $99.00 price objective (down previously from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $95.53.

Shares of The Kraft Heinz (KHC) traded down 0.006% on Friday, reaching $78.145. The company had a trading volume of 1,072,939 shares. The company’s 50-day moving average is $79.18 and its 200 day moving average is $79.18. The firm has a market capitalization of $95.20 billion, a PE ratio of 25.046 and a beta of 0.44. The Kraft Heinz has a 12 month low of $76.76 and a 12 month high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The firm had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts forecast 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 the stock. Blue Chip Partners Inc. grew its stake in shares of The Kraft Heinz by 0.5% during the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after purchasing an additional 8 shares during the period. Martingale Asset Management L P grew its stake in shares of The Kraft Heinz by 0.5% during the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after purchasing an additional 13 shares during the period. Guardian Life Insurance Co. of America grew its stake in shares of The Kraft Heinz by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after purchasing an additional 16 shares during the period. Ropes Wealth Advisors LLC grew its stake in shares of The Kraft Heinz by 0.4% during the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after purchasing an additional 17 shares during the period. Finally, National Asset Management Inc. grew its stake in shares of The Kraft Heinz by 0.5% during the first quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock worth $408,000 after purchasing an additional 21 shares during the period. 61.80% 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)

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