Kraft Heinz (NASDAQ:KHC) Broker Price Targets For The Coming Week

Henrietta Strickland
October 17, 2017

Kraft Heinz (NASDAQ:KHC) just had their share rating of a "Overweight" issued by research analysts at Morgan Stanley, who now has a $92 TP on the $94.71B market cap company or a 18.34 % upside potential. Kraft Heinz, like many other US food producers, has been struggling due to the shift in consumer preference toward natural and organic ingredients over packaged and processed food.

KHC has been the subject of a number of analyst reports. Alpine Woods Capital Investors LLC now owns 158,200 shares of the company's stock worth $14,160,000 after buying an additional 500 shares in the last quarter. The firm has "Buy" rating given on Wednesday, April 27 by Argus Research.

08/04/2017 - Kraft Heinz had its "neutral" rating reiterated by analysts at Susquehanna. Royal Bank Of Canada reaffirmed a buy rating and set a $95.00 price target on shares of The Kraft Heinz in a research note on Friday, September 1st. On Thursday, February 16 the stock rating was downgraded by Susquehanna to "Neutral". They now have a Dollars 95 price target on the stock. Kraft Heinz Co (NASDAQ:KHC) has risen 8.77% since October 15, 2016 and is uptrending. The firm has a 50 day moving average of $79.13 and a 200-day moving average of $79.13. The Kraft Heinz has a 12-month low of $76.76 and a 12-month high of $97.77. AGNC Investment Corp. (NASDAQ:AGNC), at its latest closing price of $21.76, it has a price-to-book ratio of 0.00, compared to an industry average at 0.55.

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

Looking forward, the company's quarterly earnings are expected to come at $0.83 in the three months through September 2017 and $1.01 in the quarter ending December 2017, reflecting 0% and 10.99% growth, respectively. The firm had revenue of $6.68 billion for the quarter, compared to analysts' expectations of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The business's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. In the last earnings report the EPS was $3.12 and is projected to be $3.24 for the current year with 1,218,251,000 shares now outstanding.

TRADEMARK VIOLATION NOTICE: This news story was originally published by BBNS and is the property of of BBNS. If you are reading this story on another website, it was illegally copied and republished in violation of United States and worldwide copyright and trademark laws. The company recently declared a dividend for shareholders paid on Friday September 15th, 2017. On Friday, October 6 the stock rating was upgraded by PiperJaffray to "Overweight". The ex-dividend date was set for Wednesday the 1st of March 2017. V Wealth Management LLC bought a new stake in shares of The Kraft Heinz in the second quarter worth about $125,000.

PHM's mean recommendation on Reuter's scale presents no change from 2.57 thirty days ago to 2.57 now, which indicates a hold consensus from the analyst community. The Kraft Heinz comprises about 4.2% of WestEnd Advisors LLC's investment portfolio, making the stock its 19th biggest position. The institutional investor owned 15,167 shares of the company's stock after buying an additional 2,904 shares during the period. Blue Chip Partners Inc. increased its holdings in shares of The Kraft Heinz by 0.5% in the first quarter. Ltd. now owns 1,280 shares of the company's stock valued at $110,000 after acquiring an additional 950 shares in the last quarter. British Airways Pensions Investment Management Ltd now owns 466,342 shares of the company's stock worth $41,720,000 after buying an additional 183,092 shares in the last quarter. BlackRock Inc. grew its position in The Kraft Heinz by 2,314.8% during the first quarter. Boston Family Office LLC lifted its position in shares of The Kraft Heinz by 4.1% in the second quarter. Atlantic Trust Group LLC's holdings in The Kraft Heinz were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company's stock worth $139,000 after purchasing an additional 100 shares during the last quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock.

The Kraft Heinz Company now has a P/E ratio of 24.92 and the market cap of the company is 94.71B.

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