Kraft Heinz (NASDAQ:KHC) had its target price decreased by equities researchers at BMO Capital Markets from $82.00 to $74.00 in a note issued to investors on Tuesday, February 20th. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 11.14% from the stock’s current price.
Several other equities research analysts also recently weighed in on the stock. Barclays reaffirmed a “buy” rating and issued a $80.00 price target (down from $94.00) on shares of Kraft Heinz in a research note on Sunday, February 18th. Jefferies Group reaffirmed a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a research note on Friday, February 16th. Bank of America set a $100.00 price target on shares of Kraft Heinz and gave the company a “buy” rating in a research note on Thursday, February 15th. Susquehanna Bancshares reduced their price objective on shares of Kraft Heinz from $80.00 to $77.00 and set a “neutral” rating for the company in a report on Thursday, February 15th. Finally, Morgan Stanley set a $88.00 price objective on shares of Kraft Heinz and gave the company a “buy” rating in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $85.78.
Shares of Kraft Heinz (NASDAQ:KHC) traded down $0.79 during midday trading on Tuesday, reaching $66.58. 3,900,303 shares of the company were exchanged, compared to its average volume of 5,640,000. Kraft Heinz has a fifty-two week low of $66.22 and a fifty-two week high of $93.88. The company has a market capitalization of $81,150.00 and a P/E ratio of 20.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.72 and a quick ratio of 0.44.
A number of institutional investors have recently added to or reduced their stakes in KHC. Westside Investment Management Inc. boosted its holdings in Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after purchasing an additional 172 shares during the last quarter. We Are One Seven LLC purchased a new position in Kraft Heinz during the fourth quarter worth about $107,000. Rational Advisors LLC purchased a new position in Kraft Heinz during the fourth quarter worth about $117,000. Mountain Capital Investment Advisors Inc purchased a new position in Kraft Heinz during the second quarter worth about $121,000. Finally, Cerebellum GP LLC purchased a new position in Kraft Heinz during the fourth quarter worth about $124,000. Institutional investors and hedge funds own 63.24% of the company’s stock.
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About Kraft Heinz
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.
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