Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position. The Kraft Heinz Company's target price was set to 90.29 with an IPO date at 7/6/2015. Analyst forecasts, earnings estimates and price target projections are issued to help their clients make money through stock investments. (NASDAQ:KHC) from a hold rating to a buy rating in a research note published on Saturday. Finally, Royal Bank Of Canada raised their price target on Kraft Heinz from $92.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. The stock has an average rating of "Buy" and an average price target of $99.17.
Displaying a price of $87.92, Kraft Heinz Co (NASDAQ:KHC) traded -0.05% lower on the day. Kraft Heinz Co has recorded a 50-day average of $88.34 and a two hundred day average of $85.74. The stock volatility for week was 1.40% while for month was 1.22%.The stock, as of last close, traded 33.20% to its 52 week low and was changed -1.78% from its 52 week high. The firm has a market capitalization of $107.06 billion, a P/E ratio of 64.46 and a beta of 0.47. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of US and worldwide copyright law.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, August 4th. The company reported the earnings of $0.86/Share in the last quarter where the estimated EPS by analysts was $0.81/share.
In case of Revenue Estimates, 10 analysts have provided their consensus Average Revenue Estimates for The Kraft Heinz Company as 4.7 Billion. The gross margin parades a value of 34.30% with the company running a operating margin of 18.20% and a profit margin of 6.20%.
Currently, the stock carries a price to earnings ratio of 65.35, a price to book ratio of 1.85, and a price to sales ratio of 4.02. During the same period previous year, the firm earned $0.92 EPS. Looking forward, analysts on average predict that earnings for the current quarter would come in between $0.79 and $0.98.
The business also recently announced a quarterly dividend, which was paid on Friday, October 7th. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $2.40 annualized dividend and a yield of 2.73%. This is an increase from Kraft Heinz's previous quarterly dividend of $0.58. Slightly noticeable ratio of firm is current ratio, which is standing at 1.00.
In related news, major shareholder Global Food Holdings Lp 3G sold 2,808,371 shares of Kraft Heinz stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $87.05, for a total transaction of $244,468,695.55. The Hedge Fund company now holds 280,694 shares of KHC which is valued at $24,487,745.
Chesley Taft Associates scooped up 3,357 additional shares in Kraft Heinz Co during the most recent quarter end, the firm said in a disclosure report filed with the SEC on Oct 17, 2016.
Vetr upgraded shares of Kraft Heinz Co. 2,086,578 shares of the company were exchanged. Enterprise Financial Services Corp boosted its position in Kraft Heinz by 8.5% in the second quarter. Vigilant Capital Management LLC now owns 1,756 shares of the company's stock worth $155,000 after buying an additional 116 shares during the period. Quadrant Capital Group LLC increased its position in shares of Kraft Heinz by 6.1% in the second quarter. Kraft Heinz Co makes up approx 0.08% of Advisory Services Network's portfolio.West Oak Capital boosted its stake in KHC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,549 shares of Kraft Heinz Co which is valued at $135,352. Finally, Iowa State Bank acquired a new stake in shares of Kraft Heinz during the second quarter valued at about $129,000.