The firm now has a market perform rating on the stock.
According to The Kraft Heinz Company (KHC) most recent 13F filing, the company has 76 new institutional holders - accounting for 6.24 million shares of its common stock. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the company a "buy" rating in a report on Sunday, September 10th.
Morgan Stanley lowered the price target of the stock on November 3 changing the price objective from $92.00 to $88.00 and issued a "Overweight" rating. The stock realized a fall in short interest from September 29, 2017 to October 13, 2017 of -8.30%. Morgan Stanley lowered the price target on October 13 cutting the projection from $95.00 to $92.00 and stated a "Overweight" rating.
The Kraft Heinz Company (KHC) opened at $79.85 on Tuesday. The stock had a trading volume of 3,254,200 shares, compared to its average volume of 3,089,256. The company now has a P/E ratio of 24.86 and the market cap of the company is 97.16B.
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The stock is now moving above its 20-Day Simple Moving Average of 34.56% with a 50-Day Simple Moving Average of 23.27 percent. In the most updated research from a number of analysts on Wall Street, the company gets 0 Buys and 0 Sell among 1 analysts.
The company is trading down by 0.65% since yesterday's close of 79.85.
The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, November 1st. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. In the latest earnings report the EPS was $3.21 with 1.22B shares outstanding. After $0.83 actual earnings per share reported by Kraft Heinz Co for the previous quarter, Wall Street now forecasts 14.46 % EPS growth.
ILLEGAL ACTIVITY NOTICE: This report was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another publication, it was illegally stolen and republished in violation of worldwide copyright & trademark legislation. The Kraft Heinz has a one year low of $75.21 and a one year high of $97.77.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a $0.625 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.13%. The Kraft Heinz's dividend payout ratio (DPR) is now 77.88%.
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Several hedge funds have recently added to or reduced their stakes in KHC. Blue Chip Partners Inc. raised its stake in shares of The Kraft Heinz by 0.5% during the 2nd quarter.
About 1.49M shares traded. Bollard Group LLC raised its position in Kraft Heinz by 815.4% in the third quarter. Kraft Heinz Co (NASDAQ:KHC) has risen 8.77% since November 14, 2016 and is uptrending. CWM LLC raised its position in Kraft Heinz by 21.9% in the third quarter. CWM LLC now owns 1,367 shares of the company's stock worth $122,000 after buying an additional 246 shares during the period. Westside Investment Management Inc. grew its stake in The Kraft Heinz by 16.6% in the second quarter. The company was maintained on Friday, August 4 by BMO Capital Markets. Institutional investors own 60.69% of the company's stock.
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.
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