Equities research analysts at Wells Fargo & Company initiated coverage on shares of Kraft Heinz (NASDAQ:KHC - Get Rating) in a report issued on Tuesday, The Fly reports. The firm set an "equal weight" rating on the stock.
KHC has been the topic of a number of other research reports. StockNews.com initiated coverage on shares of Kraft Heinz in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. UBS Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and set a $34.00 price target on the stock in a report on Thursday, September 29th. The Goldman Sachs Group raised shares of Kraft Heinz from a "neutral" rating to a "buy" rating and set a $43.00 price target on the stock in a report on Sunday, October 9th. BNP Paribas initiated coverage on shares of Kraft Heinz in a report on Tuesday, November 15th. They set a "neutral" rating and a $39.00 price target on the stock. Finally, Exane BNP Paribas initiated coverage on shares of Kraft Heinz in a report on Tuesday, November 15th. They set a "neutral" rating and a $39.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $41.91.
Kraft Heinz Stock Performance
KHC opened at $40.71 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 0.40. The company has a market cap of $49.87 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 3.01 and a beta of 0.73. The company's 50 day moving average is $39.06 and its 200 day moving average is $37.60. Kraft Heinz has a 12-month low of $32.73 and a 12-month high of $44.87.
Kraft Heinz (NASDAQ:KHC - Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.08. The company had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.30 billion. Kraft Heinz had a net margin of 4.71% and a return on equity of 6.84%. On average, equities research analysts predict that Kraft Heinz will post 2.7 EPS for the current year.
Institutional Investors Weigh In On Kraft Heinz
Several large investors have recently bought and sold shares of the business. Crewe Advisors LLC increased its position in Kraft Heinz by 108.8% during the second quarter. Crewe Advisors LLC now owns 691 shares of the company's stock valued at $26,000 after acquiring an additional 360 shares during the last quarter. Ossiam bought a new position in Kraft Heinz during the second quarter valued at $28,000. Horan Securities Inc. increased its position in Kraft Heinz by 206.4% during the third quarter. Horan Securities Inc. now owns 766 shares of the company's stock valued at $26,000 after acquiring an additional 516 shares during the last quarter. Hallmark Capital Management Inc. bought a new position in Kraft Heinz during the second quarter valued at $32,000. Finally, O Dell Group LLC increased its position in Kraft Heinz by 204.0% during the third quarter. O Dell Group LLC now owns 845 shares of the company's stock valued at $28,000 after acquiring an additional 567 shares during the last quarter. Institutional investors own 68.80% of the company's stock.
About Kraft Heinz
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.
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