Credit Suisse Group Lowers Heinz (KHC) to Sell

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.

How to Become a New Pot Stock Millionaire

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.



Heinz (NASDAQ:KHC) last issued its earnings results on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06). Heinz had a return on equity of 7.20% and a net margin of 41.93%. The company had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.91 billion. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Heinz’s revenue for the quarter was up .3% on a year-over-year basis. analysts forecast that Heinz will post 3.82 EPS for the current year.

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.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://stocknewstimes.com/2018/04/26/credit-suisse-group-lowers-heinz-khc-to-sell.html.

About 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.

Analyst Recommendations for Heinz (NASDAQ:KHC)

Receive News & Ratings for Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heinz and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply