Jefferies Group Begins Coverage on Kraft Heinz (KHC)

Jefferies Group initiated coverage on shares of Kraft Heinz (NASDAQ:KHC) in a research report report published on Friday morning, MarketBeat.com reports. The firm issued a buy rating and a $95.00 target price on the stock. Jefferies Group also issued estimates for Kraft Heinz’s Q4 2017 earnings at $0.95 EPS, FY2017 earnings at $3.60 EPS, Q1 2018 earnings at $0.94 EPS, Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $1.05 EPS, FY2018 earnings at $3.98 EPS, Q1 2019 earnings at $1.00 EPS, Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.12 EPS, FY2019 earnings at $4.23 EPS, FY2020 earnings at $4.52 EPS, FY2021 earnings at $4.78 EPS and FY2022 earnings at $5.06 EPS.

KHC has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Kraft Heinz from a sell rating to a hold rating in a research report on Monday, December 18th. BMO Capital Markets lowered their price objective on shares of Kraft Heinz from $96.00 to $82.00 and set a market perform rating on the stock in a research report on Thursday, November 2nd. BidaskClub upgraded shares of Kraft Heinz from a sell rating to a hold rating in a research report on Friday, November 10th. Citigroup lowered their price objective on shares of Kraft Heinz from $90.00 to $82.00 and set a neutral rating on the stock in a research report on Thursday, November 2nd. Finally, Piper Jaffray Companies upgraded shares of Kraft Heinz from a neutral rating to an overweight rating and lowered their price objective for the company from $92.00 to $90.00 in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. Kraft Heinz presently has a consensus rating of Buy and a consensus price target of $92.65.

Kraft Heinz (NASDAQ:KHC) opened at $80.17 on Friday. The stock has a market cap of $97,670.00 and a P/E ratio of 24.98. Kraft Heinz has a 52 week low of $75.21 and a 52 week high of $97.77. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. research analysts forecast that Kraft Heinz will post 3.61 EPS for the current year.

A number of hedge funds have recently made changes to their positions in KHC. Blue Chip Partners Inc. increased its stake in shares of Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of Kraft Heinz by 0.5% in the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after purchasing an additional 13 shares in the last quarter. Ropes Wealth Advisors LLC increased its stake in shares of Kraft Heinz by 0.4% in the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after purchasing an additional 17 shares in the last quarter. Linscomb & Williams Inc. increased its stake in shares of Kraft Heinz by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 7,564 shares of the company’s stock worth $648,000 after purchasing an additional 21 shares in the last quarter. Finally, Comerica Securities Inc. increased its stake in shares of Kraft Heinz by 0.3% in the second quarter. Comerica Securities Inc. now owns 7,662 shares of the company’s stock worth $656,000 after purchasing an additional 23 shares in the last quarter. 61.95% of the stock is owned by institutional investors and hedge funds.

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Kraft Heinz Company Profile

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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