Kraft Heinz Co (NASDAQ:KHC) – Equities research analysts at Piper Jaffray Companies lifted their Q1 2019 EPS estimates for Kraft Heinz in a report released on Wednesday, June 12th. Piper Jaffray Companies analyst M. Lavery now anticipates that the company will earn $0.58 per share for the quarter, up from their prior estimate of $0.57. Piper Jaffray Companies has a “Neutral” rating and a $31.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Kraft Heinz’s Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.71 EPS, Q4 2019 earnings at $0.78 EPS, FY2019 earnings at $2.76 EPS, Q2 2020 earnings at $0.71 EPS, Q3 2020 earnings at $0.75 EPS, Q4 2020 earnings at $0.83 EPS and FY2020 earnings at $2.89 EPS.
Other research analysts have also issued reports about the company. Credit Suisse Group set a $33.00 price objective on Kraft Heinz and gave the stock an “underperform” rating in a research report on Friday, February 22nd. Stifel Nicolaus downgraded Kraft Heinz from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a research note on Friday, February 22nd. Barclays lowered Kraft Heinz from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 22nd. UBS Group lowered Kraft Heinz from a “buy” rating to a “neutral” rating and cut their target price for the company from $55.00 to $39.00 in a research report on Friday, February 22nd. Finally, JPMorgan Chase & Co. lowered Kraft Heinz from an “overweight” rating to a “neutral” rating and cut their target price for the company from $52.00 to $37.00 in a research report on Friday, February 22nd. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.22.
Shares of KHC opened at $30.41 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. The firm has a market cap of $36.76 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 2.91 and a beta of 0.69. Kraft Heinz has a 12 month low of $26.96 and a 12 month high of $64.99.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 5.26%. Kraft Heinz’s payout ratio is 45.33%.
Several institutional investors have recently made changes to their positions in the stock. Farmers Trust Co. lifted its holdings in shares of Kraft Heinz by 24.4% in the first quarter. Farmers Trust Co. now owns 76,507 shares of the company’s stock valued at $2,498,000 after purchasing an additional 14,986 shares in the last quarter. CWM LLC lifted its holdings in shares of Kraft Heinz by 58.3% in the first quarter. CWM LLC now owns 3,443 shares of the company’s stock valued at $112,000 after purchasing an additional 1,268 shares in the last quarter. Aspire Private Capital LLC bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $129,000. Nicholas Company Inc. lifted its holdings in shares of Kraft Heinz by 17.2% in the fourth quarter. Nicholas Company Inc. now owns 137,855 shares of the company’s stock valued at $5,933,000 after purchasing an additional 20,270 shares in the last quarter. Finally, Investec Asset Management LTD bought a new position in shares of Kraft Heinz in the first quarter valued at approximately $342,000. Institutional investors own 58.23% of the company’s stock.
Kraft Heinz Company Profile
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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