Kraft Heinz Co (NASDAQ:KHC) has earned a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $91.24.

Several equities research analysts have recently weighed in on KHC shares. BMO Capital Markets dropped their target price on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup dropped their target price on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Piper Jaffray Companies raised shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $92.00 to $90.00 in a research report on Friday, October 6th. Finally, Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st.

Kraft Heinz (KHC) traded down $1.13 on Thursday, hitting $79.36. 2,531,005 shares of the stock traded hands, compared to its average volume of 3,100,267. The company has a market cap of $97,300.00 and a P/E ratio of 22.65. Kraft Heinz has a one year low of $75.21 and a one year high of $97.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS. sell-side analysts expect that Kraft Heinz will post 3.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Thursday, November 16th. Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Symphony Asset Management LLC boosted its stake in Kraft Heinz by 15.6% during the 2nd quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock valued at $2,772,000 after purchasing an additional 4,377 shares during the period. Pennsylvania Trust Co boosted its stake in Kraft Heinz by 8.9% during the 2nd quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock valued at $5,663,000 after purchasing an additional 5,422 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in Kraft Heinz by 40.9% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock valued at $519,000 after purchasing an additional 1,760 shares during the period. Creative Planning boosted its stake in Kraft Heinz by 1.9% during the 2nd quarter. Creative Planning now owns 80,094 shares of the company’s stock valued at $6,859,000 after purchasing an additional 1,485 shares during the period. Finally, U S Global Investors Inc. acquired a new position in Kraft Heinz during the 2nd quarter valued at about $388,000. 62.06% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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