Credit Suisse Group downgraded shares of Heinz (NASDAQ:KHC) from an outperform rating to a sell rating in a research note issued to investors on Monday, April 16th, MarketBeat reports. They currently have $90.00 price target on the stock, up from their prior price target of $77.00.
KHC has been the topic of several other reports. Piper Jaffray set a $75.00 price objective on shares of Heinz and gave the stock a buy rating in a research report on Tuesday, April 3rd. DZ Bank upgraded shares of Heinz from a hold rating to a buy rating in a research report on Tuesday, February 20th. Bank of America decreased their price objective on shares of Heinz from $100.00 to $85.00 and set a buy rating on the stock in a research report on Tuesday, April 3rd. Barclays restated a buy rating and issued a $80.00 target price (down from $94.00) on shares of Heinz in a report on Sunday, February 18th. Finally, Argus restated a buy rating and issued a $74.00 target price (down from $93.00) on shares of Heinz in a report on Wednesday, March 7th. Four analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $82.67.
Shares of NASDAQ KHC opened at $56.85 on Monday. The firm has a market cap of $68,903.05, a price-to-earnings ratio of 15.92, a P/E/G ratio of 1.54 and a beta of 0.59. Heinz has a one year low of $56.11 and a one year high of $93.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.44 and a current ratio of 0.72.
In related news, Director Mackey J. Mcdonald acquired 669 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was bought at an average price of $60.27 per share, with a total value of $40,320.63. Following the purchase, the director now directly owns 17,486 shares in the company, valued at approximately $1,053,881.22. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 26.81% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. We Are One Seven LLC acquired a new stake in Heinz during the 4th quarter worth approximately $107,000. Rational Advisors LLC acquired a new stake in Heinz during the 4th quarter worth approximately $117,000. Cerebellum GP LLC acquired a new stake in Heinz during the 4th quarter worth approximately $124,000. Oakworth Capital Inc. increased its position in Heinz by 76.5% during the 4th quarter. Oakworth Capital Inc. now owns 1,742 shares of the company’s stock worth $141,000 after purchasing an additional 755 shares in the last quarter. Finally, Truewealth LLC acquired a new stake in Heinz during the 4th quarter worth approximately $143,000. 63.17% of the stock is owned by hedge funds and other institutional investors.
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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