Kraft Heinz (NASDAQ:KHC) posted its quarterly earnings results on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06), Bloomberg Earnings reports. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.91 billion. Kraft Heinz had a net margin of 41.93% and a return on equity of 7.20%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS.
Shares of Kraft Heinz (KHC) opened at $67.70 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 0.43. Kraft Heinz has a 1-year low of $66.36 and a 1-year high of $93.88. The firm has a market cap of $82,510.00 and a P/E ratio of 20.77.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.50 annualized dividend and a yield of 3.69%. Kraft Heinz’s dividend payout ratio (DPR) is 76.69%.
Several analysts have weighed in on the stock. UBS Group set a $80.00 target price on shares of Kraft Heinz and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Jefferies Group reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Kraft Heinz in a report on Friday, February 16th. Credit Suisse Group raised shares of Kraft Heinz to a “buy” rating and set a $77.00 price target on the stock in a report on Monday, February 26th. BidaskClub downgraded shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Saturday, December 30th. Finally, Bank of America set a $100.00 price objective on shares of Kraft Heinz and gave the stock a “buy” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $85.78.
A number of hedge funds have recently added to or reduced their stakes in the business. Tredje AP fonden increased its holdings in shares of Kraft Heinz by 14.6% in the 2nd quarter. Tredje AP fonden now owns 77,998 shares of the company’s stock valued at $6,680,000 after acquiring an additional 9,955 shares during the period. CIBC World Markets Inc. increased its holdings in shares of Kraft Heinz by 13.6% in the 2nd quarter. CIBC World Markets Inc. now owns 240,260 shares of the company’s stock valued at $20,576,000 after acquiring an additional 28,752 shares during the period. Eaton Vance Management increased its holdings in shares of Kraft Heinz by 2.1% in the 2nd quarter. Eaton Vance Management now owns 155,572 shares of the company’s stock valued at $13,323,000 after acquiring an additional 3,235 shares during the period. AXA increased its holdings in shares of Kraft Heinz by 4.4% in the 2nd quarter. AXA now owns 409,392 shares of the company’s stock valued at $35,060,000 after acquiring an additional 17,261 shares during the period. Finally, Private Wealth Advisors Inc. increased its holdings in shares of Kraft Heinz by 19.9% in the 2nd quarter. Private Wealth Advisors Inc. now owns 7,526 shares of the company’s stock valued at $645,000 after acquiring an additional 1,249 shares during the period. 63.24% of the stock is currently owned by institutional investors.
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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.
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