Fundamentals in Focus for The Kraft Heinz Company (KHC)

Fundamentals in Focus for The Kraft Heinz Company (KHC)”

The stock has an average rating of "Buy" and a consensus target price of $97.18. The firm's quarterly revenue was down 1.7% on a year-over-year basis.

The Kraft Heinz Company (NASDAQ:KHC) closed its last session at $77.52. Stifel Nicolaus reaffirmed a "buy" rating and set a $95.00 target price on shares of The Kraft Heinz in a research report on Thursday. RBC Capital Markets maintained Kraft Heinz Co (NASDAQ:KHC) rating on Friday, September 1. The rating was maintained by Argus Research on Wednesday, September 28 with "Buy".

On June 7, 2017 Berenberg started covering the stock with an initial rating of "Buy". Deutsche Bank initiated the shares of KHC in report on Wednesday, February 15 with "Buy" rating. The Kraft Heinz Company has a 52 week low of $77.40 and a 52 week high of $97.77. Susquehanna Bancshares Inc set a $99.00 price objective on The Kraft Heinz and gave the company a "hold" rating in a report on Tuesday, June 6th. The 50 day moving average was down $-4.13 whereas the 200 day average was down by -5.06%. Recently, shares of The Kraft Heinz Company (NASDAQ:KHC) have been seen trading -11.18% away from the 200-day moving average and -6.94% off the 50-day moving average. The Smith Asset Management Group Lp holds 13,200 shares with $665,000 value, up from 3,940 last quarter. For KHC, the company now has $1.45 Billion of cash on the books, which is offset by $1.11 Billion current liabilities. During the same period in the prior year, the firm earned $0.85 earnings per share. The company's quarterly revenue was down 1.7% compared to the same quarter past year.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, August 3rd.

ILLEGAL ACTIVITY WARNING: "First Manhattan Co". If you are reading this story on another publication, it was copied illegally and reposted in violation of US and global trademark and copyright law. The firm has "Buy" rating by Stifel Nicolaus given on Monday, August 14. Shareholders of record on Friday, August 18th were paid a $0.625 dividend. This is a boost from The Kraft Heinz's previous quarterly dividend of $0.60. The ex-dividend date was Wednesday the 1st of March 2017. This represents a $2.50 annualized dividend and a dividend yield of 3.22%. The Kraft Heinz's payout ratio is presently 79.87%. The Business's products are sold through its own sales organizations and through independent brokers, agents and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, foodservice distributors and institutions, including hotels, restaurants, hospitals, healthcare facilities and certain government agencies. Martingale Asset Management L P increased its position in shares of The Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company's stock valued at $134,000 after acquiring an additional 8 shares in the last quarter.

As of quarter end Koshinski Asset Management, Inc. had bought 3,839 shares growing its position 147.1%. Mitsubishi UFJ Securities Holdings Co. Finally, Reilly Financial Advisors LLC grew its stake in shares of The Kraft Heinz by 9.0% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company's stock worth $329,000 after acquiring an additional 17 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in The Kraft Heinz in the 1st quarter worth $136,000. Institutional investors own 61.80% of the company's stock. The Business's brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Planters, Velveeta, Lunchables, Maxwell House, Capri Sun, and Ore-Ida.

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