Wall Street analysts expect that Kraft Heinz Co (NASDAQ:KHC) will post earnings per share of $0.98 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Kraft Heinz’s earnings, with the highest EPS estimate coming in at $1.03 and the lowest estimate coming in at $0.94. Kraft Heinz posted earnings of $0.90 per share in the same quarter last year, which suggests a positive year over year growth rate of 8.9%. The company is scheduled to issue its next earnings report on Friday, February 15th.
According to Zacks, analysts expect that Kraft Heinz will report full year earnings of $3.67 per share for the current financial year, with EPS estimates ranging from $3.61 to $3.80. For the next financial year, analysts anticipate that the company will post earnings of $3.84 per share, with EPS estimates ranging from $3.65 to $3.96. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Kraft Heinz.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.31 billion. Kraft Heinz had a return on equity of 6.62% and a net margin of 39.56%. Kraft Heinz’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share.
Several analysts have weighed in on the stock. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Piper Jaffray Companies set a $62.00 price objective on shares of Kraft Heinz and gave the stock a “buy” rating in a research note on Friday, November 2nd. Morgan Stanley set a $49.00 price objective on shares of Kraft Heinz and gave the stock a “sell” rating in a research note on Wednesday. BMO Capital Markets decreased their price objective on shares of Kraft Heinz from $67.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 5th. Finally, Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.09.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KHC. Magellan Asset Management Ltd grew its stake in shares of Kraft Heinz by 39.6% during the second quarter. Magellan Asset Management Ltd now owns 33,621,370 shares of the company’s stock valued at $2,112,094,000 after purchasing an additional 9,529,235 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of Kraft Heinz by 39,913.8% during the second quarter. Federated Investors Inc. PA now owns 3,407,179 shares of the company’s stock valued at $214,038,000 after purchasing an additional 3,398,664 shares during the last quarter. FMR LLC grew its stake in shares of Kraft Heinz by 34.4% during the second quarter. FMR LLC now owns 8,254,817 shares of the company’s stock valued at $518,567,000 after purchasing an additional 2,111,198 shares during the last quarter. Levin Capital Strategies L.P. bought a new stake in shares of Kraft Heinz during the third quarter valued at approximately $84,501,000. Finally, BlackRock Inc. grew its stake in shares of Kraft Heinz by 2.8% during the third quarter. BlackRock Inc. now owns 36,036,271 shares of the company’s stock valued at $1,985,959,000 after purchasing an additional 997,088 shares during the last quarter. 63.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kraft Heinz stock opened at $53.99 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. The stock has a market cap of $65.19 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.91 and a beta of 0.45. Kraft Heinz has a 1-year low of $50.41 and a 1-year high of $82.48.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, November 15th. This represents a $2.50 annualized dividend and a dividend yield of 4.63%. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.42%.
About Kraft Heinz
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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