According to data provided by Bloomberg.com, the fourteen investment firms following the stock of Kraft Heinz Company (NASDAQ: KHC) have provided the company with an average recommendation of “Hold” for the stock. One analyst has suggested that investors should sell the stock, six analysts suggested that investors should hold onto it, and four analysts suggested that investors should buy the stock. The price target for the next year that has been set by brokerages that have made reports on the stock in the preceding year is, on average, $40.75. This price target was set by brokerages that have made reports on the stock in the preceding year.
The stock has been the subject of a few financial analysts’ commentary. Morgan Stanley moved Kraft Heinz from an “equal weight” rating to an “overweight” rating in a research report released on Thursday, October 27. In addition, the price target they set for the stock has increased from $37.00 to $38.00. In a research note published on Thursday, September 29, UBS Group announced that it was changing its rating on Kraft Heinz from “sell” to “neutral” and setting a target price of $34.00 for the stock. The research note that BNP Paribas published on November 15 contained an announcement that the company would begin covering shares of Kraft Heinz. The market researchers have given the company a rating of “neutral,” They anticipate that the share price will reach $39.00 shortly. Exane BNP Paribas published a research note on November 15 announcing that it would begin covering Kraft Heinz. They have a “neutral” rating on the company and have set a price objective of $39.00 for the share price of the company. TheStreet upgraded its previous rating of “c+” for Kraft Heinz to a “b-” rating in a research report published on Wednesday, November 2.
On Tuesday, the market’s opening price was $39.62 for each share of KHC that was traded. The company’s simple moving average price over the previous 50 days is $36.20, and its simple moving average price over the previous 200 days is $37.20. The company has a market capitalization of $48.53 billion, a price-to-earnings ratio of 40.43, a price-to-earnings-to-growth ratio of 2.95, and a beta value of 0.77. The price-to-earnings-to-growth ratio indicates that the company is expected to grow its earnings at 2.95 percent annually. During the previous year, the price of Kraft Heinz fluctuated between $32.73 and $44.87, with a low point of $32.73. The debt-to-equity ratio, current ratio, and quick assets ratio all come in at 0.40, but the ratio of quick assets comes in at 0.50.
The company’s most recent quarterly earnings report for Kraft Heinz was made public on October 26, the same day that the company announced the results of the report. The company announced earnings of $0.63 per share for the quarter, which is $0.08 higher than the consensus estimate of $0.55 per share. In addition, the revenue for the quarter came in at $6.51 billion, which is significantly higher than the consensus estimate of $6.30 billion for the amount of money that would be brought in during the period. In the case of Kraft Heinz, the return on equity was 6.84%, and the net margin for the company was 4.71%. Research analysts anticipate that Kraft Heinz will generate earnings of 2.7 cents per share during the current fiscal year.
Additionally, the company has declared a quarterly dividend, scheduled to be paid out on the next business day, December 30. On November 25, shareholders of record will be eligible to receive $0.40 dividend payments per share. These payments will be made to shareholders with a record of ownership. This equates to a dividend payment of $1.60 per year when calculated on an annualized basis and a dividend yield of 4.04% when calculated on that basis. The date that shareholders will no longer receive a dividend is November 23. At this time, the payout ratio for Kraft Heinz is calculated to be 163.27%.
Recent months have seen several large financial institutions revise their strategies for investing in a company’s stock. BlackRock Inc. increased its holdings in Kraft Heinz by a quarter point, equivalent to a 25.3% increase, during the third quarter. BlackRock Inc. now has 56,572,464 shares of the company’s stock following the acquisition of 11,428,520 shares during the most recent period. Each share of BlackRock Inc. stock is currently valued at $1,886,694,000. Vanguard Group Inc. increased the proportion of Kraft Heinz stock owned by 15.3% during the third quarter. The most recent quarter saw the acquisition of 8,948,708 shares of the company’s stock by Vanguard Group Inc. This brings the total number of shares owned by the company to 67,502,147, with a value of $2,251,197,000. Finally, capital World Investors saw a 96.5 percent increase in the value of its holdings in Kraft Heinz during the first three months of the year. The current value of Capital World Investors’ 13,312,000 shares of stock in the company is $524,360,000. This represents a total investment of $524,360,000. This is a direct consequence of purchasing an additional 6,537,000 shares in the company during the most recent fiscal quarter. Nuveen Asset Management LLC saw a rise of 301.2% in the proportion of Kraft Heinz stock that it owned at the end of the third quarter. Nuveen Asset Management LLC has acquired a direct ownership stake in the company amounting to 6,416,759 shares, currently valued at $213,999,000. This is a direct result of the company purchasing an additional 4,817,233 shares during the quarter before the current one. During the second quarter, Continental Grain Company paid approximately $132,216,00 for purchasing a new holding in Kraft Heinz. This was certainly not the least of the company’s accomplishments. Institutional investors and hedge funds control the total company stock, who account for 67.03 percent of the company’s ownership.
The Kraft Heinz Company, through its many different subsidiaries, is in the business of producing and distributing food and beverage items all over the world. Some places where they do business are the United States of America, Canada, the United Kingdom, and other nations. It offers a wide range of products, such as condiments and sauces, cheese and dairy products, meals, meats, beverages for rest, coffee, and other food and beverage items.
Read More: Brokerages have given The Kraft Heinz Company (NASDAQ:KHC) an average recommendation of