Kraft Heinz Stock Could Fall on Weak Sales

Kraft Heinz Stock Could Fall on Weak Sales”

Lastly, comparing the current price of 77.76 to the target price of 90.29, this means that the stock may or may not have some room to run. "Soft spending by USA shoppers and shift in consumer preference toward natural and organic ingredients over packaged and processed food are hurting the company's categories".

Investors have been carefully witnessing the recent activity of The Kraft Heinz Company (NASDAQ:KHC) stock. Berenberg Bank set a $102.00 price target on shares of The Kraft Heinz and gave the stock a "buy" rating in a research report on Monday, August 7th. The company has an average rating of "Buy" and an average target price of $97.18. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the stock a "buy" rating in a research note on Sunday, September 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company's stock. The company now has a consensus rating of "Hold" and an average price target of $97.28.

Shares of The Kraft Heinz (KHC) traded down 0.33% during trading on Tuesday, hitting $77.97. There has been an observed change of 0.00% in the ownership of the shares in the past six months.

The Kraft Heinz Company (NASDAQ:KHC), stock is trading $97.77 above the 52-week high and has displayed a high EPS growth of 24.30% in last 5 years. The stock has a 50 day moving average of $81.65 and a 200-day moving average of $81.65. The company has a market cap of $95.30 billion, a PE ratio of 25.07 and a beta of 0.45.

The Kraft Heinz Company (NASDAQ KHC) opened at 78.23 on Thursday. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.87 by $0.04. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.73 billion. The business's revenue was down 1.7% on a year-over-year basis. During the same quarter past year, the firm posted $0.85 earnings per share. Thornburg Investment Management Inc. lifted its stake in The Kraft Heinz by 9,061.9% during the first quarter. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and global copyright & trademark law. Finally, BidaskClub cut shares of The Kraft Heinz from a "hold" rating to a "sell" rating in a research report on Wednesday, June 21st.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were paid a dividend of $0.625 per share. The Kraft Heinz's dividend payout ratio is now 79.87%. The ex-dividend date was Wednesday, August 16th.

It is also important to look at The Kraft Heinz Company's dividend yield and EPS because you want to ensure you are stretching your dollar effectively. The Kraft Heinz's dividend payout ratio (DPR) is 79.87%. BlackRock Inc. grew its holdings in The Kraft Heinz by 2,314.8% during the 1st quarter. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Acadian Asset Management LLC grew its holdings in shares of The Kraft Heinz by 47.8% in the 1st quarter. Thornburg Investment Management Inc. now owns 1,145,240 shares of the company's stock valued at $103,999,000 after buying an additional 1,132,740 shares in the last quarter. Strs Ohio grew its holdings in shares of The Kraft Heinz by 5.9% in the 1st quarter. Nationwide Fund Advisors now owns 168,789 shares of the company's stock valued at $15,108,000 after buying an additional 1,473 shares in the last quarter. Creative Planning grew its position in The Kraft Heinz by 1.9% during the 2nd quarter. FMR LLC now owns 8,856,976 shares of the company's stock worth $804,302,000 after acquiring an additional 790,267 shares during the period. Wright Investors Service Inc. now owns 2,724 shares of the company's stock valued at $244,000 after buying an additional 42 shares in the last quarter. TheStreet boosted The Kraft Heinz from a "c" recommendation to a "b-" recommendation in a analysis report on early Thur, Aug 3rd.

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