Kraft Heinz Co (NASDAQ:KHC) – Jefferies Group issued their FY2017 EPS estimates for Kraft Heinz in a research note issued on Friday. Jefferies Group analyst A. Jagdale forecasts that the company will post earnings per share of $3.60 for the year. Jefferies Group currently has a “Buy” rating and a $95.00 price target on the stock. Jefferies Group also issued estimates for Kraft Heinz’s Q4 2017 earnings at $0.95 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.
Several other analysts also recently commented on the stock. UBS Group reissued a “buy” rating and set a $89.00 price objective (down from $97.00) on shares of Kraft Heinz in a research report on Friday, October 13th. Royal Bank of Canada reissued a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, BMO Capital Markets cut their price objective on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $92.65.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) 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 analyst estimates of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. Kraft Heinz’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. lifted its stake in shares of Kraft Heinz by 16.6% in the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after purchasing an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares during the period. Mountain Capital Investment Advisors Inc bought a new position in shares of Kraft Heinz in the 2nd quarter worth approximately $121,000. Blue Chip Partners Inc. lifted its stake in shares of Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares during the period. Finally, GWM Advisors LLC bought a new position in shares of Kraft Heinz in the 2nd quarter worth approximately $137,000. 62.01% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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