Analysts at Jefferies Group assumed coverage on shares of Kraft Heinz (NASDAQ:KHC) in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $95.00 price target on the stock. Jefferies Group’s price target indicates a potential upside of 19.26% from the stock’s current price. Jefferies Group also issued estimates for Kraft Heinz’s Q4 2017 earnings at $0.95 EPS, FY2017 earnings at $3.60 EPS, Q1 2018 earnings at $0.94 EPS, Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $1.05 EPS, FY2018 earnings at $3.98 EPS, Q1 2019 earnings at $1.00 EPS, Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.12 EPS, FY2019 earnings at $4.23 EPS, FY2020 earnings at $4.52 EPS, FY2021 earnings at $4.78 EPS and FY2022 earnings at $5.06 EPS.
A number of other equities analysts have also recently commented on the company. Stifel Nicolaus reissued a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a report on Thursday, September 21st. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. BidaskClub raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Piper Jaffray Companies raised Kraft Heinz from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $92.00 to $90.00 in a report on Friday, October 6th. Finally, Morgan Stanley reduced their target price on Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. Kraft Heinz currently has a consensus rating of “Buy” and a consensus price target of $92.65.
Kraft Heinz (KHC) traded up $0.39 during midday trading on Friday, reaching $79.66. The company had a trading volume of 3,739,823 shares, compared to its average volume of 3,600,000. The firm has a market cap of $97,520.00 and a PE ratio of 24.82. Kraft Heinz has a 12 month low of $75.21 and a 12 month high of $97.77. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48.
Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.83. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. Kraft Heinz’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. equities analysts anticipate that Kraft Heinz will post 3.61 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Blue Chip Partners Inc. grew its position in shares of Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after purchasing an additional 8 shares in the last quarter. Martingale Asset Management L P grew its position in shares of Kraft Heinz by 0.5% in the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock valued at $234,000 after purchasing an additional 13 shares in the last quarter. Ropes Wealth Advisors LLC grew its position in shares of Kraft Heinz by 0.4% in the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock valued at $329,000 after purchasing an additional 17 shares in the last quarter. Linscomb & Williams Inc. grew its position in Kraft Heinz by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 7,564 shares of the company’s stock worth $648,000 after acquiring an additional 21 shares during the period. Finally, Comerica Securities Inc. grew its position in Kraft Heinz by 0.3% in the second quarter. Comerica Securities Inc. now owns 7,662 shares of the company’s stock worth $656,000 after acquiring an additional 23 shares during the period. Institutional investors and hedge funds own 62.01% of the company’s stock.
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.