The Kraft Heinz Company (KHC) Stock Rating Upgraded by BidaskClub

The Kraft Heinz Company (NASDAQ:KHC) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

A number of other research analysts have also recently weighed in on the company. Morgan Stanley reduced their target price on The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. BMO Capital Markets reduced their target price on The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a report on Thursday, November 2nd. Susquehanna Bancshares Inc reduced their target price on The Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Credit Suisse Group restated an “outperform” rating and set a $90.00 price objective (down previously from $100.00) on shares of The Kraft Heinz in a research note on Thursday, November 2nd. Finally, Citigroup Inc. reduced their price objective on The Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $92.49.

The Kraft Heinz (KHC) traded up $0.31 during mid-day trading on Friday, hitting $79.72. The stock had a trading volume of 3,402,900 shares, compared to its average volume of 3,088,500. The Kraft Heinz has a 1-year low of $75.21 and a 1-year 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 firm has a market capitalization of $97,136.27, a PE ratio of 22.39, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43.

The Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. sell-side analysts forecast that The Kraft Heinz will post 3.61 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. Symphony Asset Management LLC increased its holdings in The Kraft Heinz by 15.6% in the second quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock valued at $2,772,000 after buying an additional 4,377 shares during the last quarter. Pennsylvania Trust Co boosted its stake in The Kraft Heinz by 8.9% in the second quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock valued at $5,663,000 after acquiring an additional 5,422 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in The Kraft Heinz by 40.9% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock valued at $519,000 after acquiring an additional 1,760 shares during the period. Creative Planning boosted its stake in The Kraft Heinz by 1.9% in the second quarter. Creative Planning now owns 80,094 shares of the company’s stock valued at $6,859,000 after acquiring an additional 1,485 shares during the period. Finally, Green Valley Investors LLC boosted its stake in The Kraft Heinz by 153.4% in the second quarter. Green Valley Investors LLC now owns 498,156 shares of the company’s stock valued at $42,662,000 after acquiring an additional 301,583 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

About The 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 The Kraft Heinz (NASDAQ:KHC)

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