The Kraft Heinz Company (KHC) Price Target Lowered to $82.00 at BMO Capital Markets
The Kraft Heinz Company (NASDAQ:KHC) had its price objective cut by analysts at BMO Capital Markets to $82.00 in a research note issued to investors on Thursday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 6.04% from the company’s current price.
Other research analysts have also issued reports about the stock. TheStreet upgraded shares of The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Credit Suisse Group set a $100.00 price objective on shares of The Kraft Heinz and gave the stock a “buy” rating in a report on Saturday, July 29th. Berenberg Bank set a $102.00 price objective on shares of The Kraft Heinz and gave the stock a “buy” rating in a report on Monday, August 7th. Royal Bank Of Canada restated a “buy” rating and issued a $95.00 price objective on shares of The Kraft Heinz in a report on Friday, September 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $95.00 price objective on shares of The Kraft Heinz in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $92.76.
The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period in the prior year, the business posted $0.83 EPS. The firm’s revenue was up .7% compared to the same quarter last year.
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Several institutional investors and hedge funds have recently bought and sold shares of KHC. Vanguard Group Inc. raised its stake in The Kraft Heinz by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after acquiring an additional 487,241 shares during the period. BlackRock Inc. raised its stake in The Kraft Heinz by 1.7% during the 2nd quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock worth $2,835,974,000 after acquiring an additional 562,183 shares during the period. State Street Corp raised its stake in The Kraft Heinz by 2.8% during the 1st quarter. State Street Corp now owns 24,579,995 shares of the company’s stock worth $2,232,113,000 after acquiring an additional 680,941 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in The Kraft Heinz by 1.7% during the 3rd quarter. BlackRock Institutional Trust Company N.A. now owns 15,339,909 shares of the company’s stock worth $1,373,075,000 after acquiring an additional 250,352 shares during the period. Finally, FMR LLC raised its stake in The Kraft Heinz by 30.0% during the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after acquiring an additional 2,659,846 shares during the period. 61.79% of the stock is currently owned by institutional investors.
The Kraft Heinz Company Profile
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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