Kraft Heinz (KHC) PT Set at $88.00 by Morgan Stanley

Kraft Heinz (NASDAQ:KHC) received a $88.00 price target from stock analysts at Morgan Stanley in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 22.36% from the company’s current price.

KHC has been the subject of a number of other reports. BMO Capital Markets cut their price target on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a report on Thursday, November 2nd. BidaskClub raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. Jefferies Group began coverage on Kraft Heinz in a research note on Friday, January 19th. They set a “buy” rating and a $95.00 price objective for the company. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Credit Suisse Group reissued an “outperform” rating and set a $90.00 price objective (down previously from $100.00) on shares of Kraft Heinz in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Kraft Heinz has an average rating of “Buy” and an average price target of $92.27.

Kraft Heinz (NASDAQ:KHC) traded up $0.21 during trading on Wednesday, hitting $71.92. The stock had a trading volume of 5,436,938 shares, compared to its average volume of 4,430,000. Kraft Heinz has a 52-week low of $70.25 and a 52-week 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. The company has a market capitalization of $87,620.00 and a price-to-earnings ratio of 22.40.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. increased its holdings in shares of Kraft Heinz by 16.6% in the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after buying an additional 172 shares during the period. Rational Advisors LLC purchased a new position in shares of Kraft Heinz in the fourth quarter worth about $117,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Kraft Heinz in the second quarter worth about $121,000. Cerebellum GP LLC purchased a new position in shares of Kraft Heinz in the fourth quarter worth about $124,000. Finally, GWM Advisors LLC purchased a new position in shares of Kraft Heinz in the second quarter worth about $137,000. Institutional investors and hedge funds own 61.93% of the company’s stock.

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About Kraft Heinz

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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