Kraft Heinz (KHC) Sets New 12-Month Low at $31.53

Kraft Heinz Co (NASDAQ:KHC) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $31.53 and last traded at $31.99, with a volume of 1309272 shares trading hands. The stock had previously closed at $31.79.

A number of research analysts have recently commented on the company. BidaskClub raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Friday, April 5th. UBS Group dropped their price target on Kraft Heinz from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Zacks Investment Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 24th. BMO Capital Markets decreased their target price on Kraft Heinz from $61.00 to $40.00 and set a “market perform” rating on the stock in a research report on Monday, February 25th. Finally, Piper Jaffray Companies downgraded Kraft Heinz from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $35.00 to $31.00 in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. Kraft Heinz currently has a consensus rating of “Hold” and a consensus price target of $42.17.

The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. The firm has a market cap of $39.67 billion, a P/E ratio of 9.07, a PEG ratio of 3.14 and a beta of 0.58.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.10). Kraft Heinz had a negative net margin of 38.95% and a positive return on equity of 6.89%. The business had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the previous year, the company posted $0.90 earnings per share. Kraft Heinz’s quarterly revenue was up .7% on a year-over-year basis. Analysts predict that Kraft Heinz Co will post 2.82 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Clifford Swan Investment Counsel LLC grew its stake in shares of Kraft Heinz by 0.7% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 33,710 shares of the company’s stock worth $1,451,000 after purchasing an additional 225 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Kraft Heinz by 4.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,511 shares of the company’s stock worth $237,000 after purchasing an additional 239 shares during the period. Delta Asset Management LLC TN boosted its holdings in shares of Kraft Heinz by 3.5% during the fourth quarter. Delta Asset Management LLC TN now owns 7,466 shares of the company’s stock worth $320,000 after purchasing an additional 250 shares during the period. Gradient Investments LLC boosted its holdings in shares of Kraft Heinz by 54.2% during the fourth quarter. Gradient Investments LLC now owns 717 shares of the company’s stock worth $31,000 after purchasing an additional 252 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in shares of Kraft Heinz by 4.4% during the fourth quarter. IHT Wealth Management LLC now owns 6,081 shares of the company’s stock worth $262,000 after purchasing an additional 259 shares during the period. Institutional investors and hedge funds own 62.00% of the company’s stock.

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About Kraft Heinz (NASDAQ:KHC)

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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