Morgan Stanley Analysts Give Kraft Heinz (KHC) a $88.00 Price Target

Morgan Stanley set a $88.00 price target on Kraft Heinz (NASDAQ:KHC) in a research note released on Wednesday. The brokerage currently has a buy rating on the stock.

Several other research firms also recently commented on KHC. Zacks Investment Research raised shares of Kraft Heinz from a sell rating to a hold rating in a report on Monday, December 18th. BMO Capital Markets dropped their price objective on shares of Kraft Heinz from $96.00 to $82.00 and set a market perform rating on the stock in a report on Thursday, November 2nd. BidaskClub raised shares of Kraft Heinz from a sell rating to a hold rating in a report on Friday, November 10th. Susquehanna Bancshares set a $80.00 price objective on shares of Kraft Heinz and gave the company a hold rating in a report on Monday. Finally, Citigroup dropped their price objective on shares of Kraft Heinz from $90.00 to $82.00 and set a neutral rating on the stock in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Kraft Heinz presently has an average rating of Buy and an average price target of $92.08.

Shares of Kraft Heinz (NASDAQ KHC) traded up $0.21 during trading hours on Wednesday, hitting $71.92. 5,502,900 shares of the company were exchanged, compared to its average volume of 4,348,915. 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 stock has a market cap of $87,376.34, a P/E ratio of 22.40, a P/E/G ratio of 1.93 and a beta of 0.43. Kraft Heinz has a 52 week low of $70.25 and a 52 week high of $97.77.

Several institutional investors and hedge funds have recently made changes to their positions in KHC. IFM Investors Pty Ltd bought a new stake in shares of Kraft Heinz during the second quarter valued at about $1,429,000. AGF Investments Inc. increased its position in shares of Kraft Heinz by 1.1% during the second quarter. AGF Investments Inc. now owns 889,198 shares of the company’s stock valued at $76,183,000 after buying an additional 9,866 shares during the period. Tredje AP fonden increased its position in shares of Kraft Heinz by 14.6% during the second quarter. Tredje AP fonden now owns 77,998 shares of the company’s stock valued at $6,680,000 after buying an additional 9,955 shares during the period. CIBC World Markets Inc. increased its position in shares of Kraft Heinz by 13.6% during the second quarter. CIBC World Markets Inc. now owns 240,260 shares of the company’s stock valued at $20,576,000 after buying an additional 28,752 shares during the period. Finally, Eaton Vance Management increased its position in shares of Kraft Heinz by 2.1% during the second quarter. Eaton Vance Management now owns 155,572 shares of the company’s stock valued at $13,323,000 after buying an additional 3,235 shares during the period. Hedge funds and other institutional investors own 61.93% of the company’s stock.

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Kraft Heinz Company Profile

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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