Kraft Heinz Co (NASDAQ:KHC) – Analysts at Piper Jaffray Companies dropped their Q1 2020 earnings per share estimates for shares of Kraft Heinz in a research note issued to investors on Thursday, December 5th. Piper Jaffray Companies analyst M. Lavery now anticipates that the company will earn $0.55 per share for the quarter, down from their prior estimate of $0.57. Piper Jaffray Companies currently has a “Hold” rating and a $33.00 target price on the stock. Piper Jaffray Companies also issued estimates for Kraft Heinz’s Q2 2020 earnings at $0.64 EPS, Q4 2020 earnings at $0.61 EPS, FY2020 earnings at $2.40 EPS, Q1 2021 earnings at $0.53 EPS, Q2 2021 earnings at $0.64 EPS, Q3 2021 earnings at $0.62 EPS and FY2021 earnings at $2.43 EPS.
A number of other equities research analysts have also issued reports on the stock. Wells Fargo & Co restated a “hold” rating on shares of Kraft Heinz in a report on Tuesday, September 3rd. BidaskClub raised shares of Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating and set a $30.00 target price on the stock. in a research note on Tuesday, October 22nd. Goldman Sachs Group lowered Kraft Heinz from a “neutral” rating to a “sell” rating and set a $29.00 target price for the company. in a report on Thursday, November 14th. Finally, Guggenheim set a $25.00 target price on Kraft Heinz and gave the stock a “sell” rating in a research report on Monday, August 26th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $33.90.
NASDAQ KHC opened at $31.09 on Monday. The stock’s 50-day moving average price is $30.60 and its two-hundred day moving average price is $29.36. The company has a market cap of $38.16 billion, a PE ratio of 8.81, a PEG ratio of 2.47 and a beta of 0.76. The company has a current ratio of 1.00, a quick ratio of 0.65 and a debt-to-equity ratio of 0.54. Kraft Heinz has a 1 year low of $24.86 and a 1 year high of $49.94.
Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Thursday, October 31st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.15. Kraft Heinz had a positive return on equity of 6.23% and a negative net margin of 42.85%. The company had revenue of $6.08 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. Kraft Heinz’s revenue for the quarter was down 4.8% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.60 annualized dividend and a dividend yield of 5.15%. Kraft Heinz’s payout ratio is 45.33%.
In other Kraft Heinz news, major shareholder Global Food Holdings Lp 3G sold 25,068,657 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $28.44, for a total value of $712,952,605.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Damme Alexandre Van purchased 250,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $28.45 per share, for a total transaction of $7,112,500.00. Following the purchase, the director now owns 8,168 shares in the company, valued at $232,379.60. The disclosure for this purchase can be found here. Insiders own 0.29% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Hilltop Holdings Inc. acquired a new position in shares of Kraft Heinz during the 2nd quarter valued at about $254,000. Icon Wealth Partners LLC grew its holdings in Kraft Heinz by 45.3% during the second quarter. Icon Wealth Partners LLC now owns 7,686 shares of the company’s stock valued at $239,000 after purchasing an additional 2,397 shares during the last quarter. Hi Line Capital Management LLC bought a new position in shares of Kraft Heinz in the second quarter valued at approximately $2,209,000. BB&T Securities LLC lifted its stake in shares of Kraft Heinz by 14.2% in the second quarter. BB&T Securities LLC now owns 97,417 shares of the company’s stock worth $3,023,000 after buying an additional 12,139 shares during the last quarter. Finally, Cypress Capital Management LLC acquired a new stake in shares of Kraft Heinz in the second quarter worth $8,673,000. 57.09% of the stock is owned by institutional investors and hedge funds.
About Kraft Heinz
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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