Kraft Heinz (NASDAQ:KHC) PT Raised to $43.00

Kraft Heinz (NASDAQ:KHC) had its price target boosted by stock analysts at Deutsche Bank Aktiengesellschaft from $42.00 to $43.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 13.82% from the company’s previous close.

Several other research analysts have also weighed in on the company. Citigroup assumed coverage on Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 price target on the stock. Wells Fargo & Company dropped their target price on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Finally, Bank of America upped their target price on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.57.

Kraft Heinz Stock Up 1.8 %

NASDAQ:KHC opened at $37.78 on Thursday. The firm has a market capitalization of $45.93 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.92 and a beta of 0.67. Kraft Heinz has a 1-year low of $30.68 and a 1-year high of $41.47. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $35.91 and its 200 day moving average price is $35.37.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.99 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. Kraft Heinz’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, sell-side analysts forecast that Kraft Heinz will post 3.02 earnings per share for the current fiscal year.

Institutional Trading of Kraft Heinz

Several hedge funds have recently added to or reduced their stakes in the business. Fairfield Bush & CO. bought a new stake in shares of Kraft Heinz in the 1st quarter worth approximately $65,000. Acadian Asset Management LLC lifted its position in shares of Kraft Heinz by 197.7% in the 1st quarter. Acadian Asset Management LLC now owns 2,331 shares of the company’s stock worth $90,000 after acquiring an additional 1,548 shares during the period. Raymond James Trust N.A. lifted its position in shares of Kraft Heinz by 4.0% in the 1st quarter. Raymond James Trust N.A. now owns 15,846 shares of the company’s stock worth $624,000 after acquiring an additional 614 shares during the period. Sei Investments Co. lifted its position in shares of Kraft Heinz by 208.7% in the 1st quarter. Sei Investments Co. now owns 116,373 shares of the company’s stock worth $4,679,000 after acquiring an additional 78,677 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Kraft Heinz in the 1st quarter worth approximately $293,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.