Kraft Heinz (KHC) Given a $80.00 Price Target by Susquehanna Bancshares Analysts

Kraft Heinz (NASDAQ:KHC) received a $80.00 price objective from Susquehanna Bancshares in a report issued on Monday. The brokerage presently has a “hold” rating on the stock. Susquehanna Bancshares’ target price would indicate a potential upside of 12.08% from the stock’s previous close.

A number of other analysts have also recently weighed in on KHC. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, December 29th. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Morgan Stanley cut their price objective on shares of Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Citigroup cut their price objective on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Finally, Vetr raised shares of Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 price objective on the stock in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $92.27.

Shares of Kraft Heinz (KHC) traded down $0.20 during trading hours on Monday, reaching $71.38. 6,871,000 shares of the company traded hands, compared to its average volume of 4,326,778. The firm has a market capitalization of $86,974.24, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.92 and a beta of 0.43. Kraft Heinz has a 52-week low of $70.25 and a 52-week high of $97.77. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48.

Several institutional investors and hedge funds have recently made changes to their positions in the company. AlphaStar Capital Management LLC purchased a new position in shares of Kraft Heinz during the fourth quarter worth approximately $334,000. Alpha Cubed Investments LLC purchased a new position in shares of Kraft Heinz during the fourth quarter worth approximately $457,000. Baird Financial Group Inc. grew its position in shares of Kraft Heinz by 11.7% during the fourth quarter. Baird Financial Group Inc. now owns 92,549 shares of the company’s stock worth $7,197,000 after acquiring an additional 9,686 shares during the last quarter. Norinchukin Bank The grew its position in shares of Kraft Heinz by 4.4% during the fourth quarter. Norinchukin Bank The now owns 78,004 shares of the company’s stock worth $6,066,000 after acquiring an additional 3,275 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in shares of Kraft Heinz by 9.0% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 102,746 shares of the company’s stock worth $7,990,000 after acquiring an additional 8,496 shares during the last quarter. Institutional investors and hedge funds own 61.93% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Kraft Heinz (KHC) Given a $80.00 Price Target by Susquehanna Bancshares Analysts” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/12/kraft-heinz-khc-given-a-80-00-price-target-by-susquehanna-bancshares-analysts.html.

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)

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply