Kraft Heinz (NASDAQ:KHC)‘s stock had its “overweight” rating reissued by equities researchers at JPMorgan Chase & Co. in a report issued on Tuesday, February 20th. They presently have a $81.00 target price on the stock, down from their prior target price of $87.00. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 21.66% from the company’s current price.
Several other brokerages have also recently issued reports on KHC. UBS Group set a $80.00 price objective on Kraft Heinz and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Jefferies Group reiterated a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a research report on Friday, February 16th. BMO Capital Markets reduced their price target on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. BidaskClub raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Thursday, October 26th. Finally, Bank of America set a $100.00 price objective on Kraft Heinz and gave the company a “buy” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kraft Heinz has an average rating of “Buy” and a consensus target price of $85.78.
Kraft Heinz (NASDAQ:KHC) traded down $0.79 on Tuesday, hitting $66.58. The stock had a trading volume of 3,900,000 shares, 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 quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 0.43. The company has a market cap of $81,150.00 and a P/E ratio of 20.42.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chemical Bank boosted its position in shares of Kraft Heinz by 2.1% during the 2nd quarter. Chemical Bank now owns 9,554 shares of the company’s stock worth $818,000 after acquiring an additional 200 shares in the last quarter. Norinchukin Bank The boosted its position in shares of Kraft Heinz by 4.0% in the 2nd quarter. Norinchukin Bank The now owns 72,099 shares of the company’s stock valued at $6,175,000 after purchasing an additional 2,796 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Kraft Heinz in the 2nd quarter valued at about $281,000. Tiverton Asset Management LLC boosted its position in shares of Kraft Heinz by 52.6% in the 2nd quarter. Tiverton Asset Management LLC now owns 79,800 shares of the company’s stock valued at $6,834,000 after purchasing an additional 27,500 shares during the period. Finally, Courier Capital LLC acquired a new stake in shares of Kraft Heinz in the 2nd quarter valued at about $1,249,000. 63.24% of the stock is owned by hedge funds and other institutional investors.
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.
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