November 2 investment analysts at Credit Suisse Group held the company rating at "Outperform" targeting a price of $90.00. Mitsubishi UFJ Securities Holdings Co.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Westside Investment Management Inc. grew its stake in The Kraft Heinz by 16.6% in the second quarter. Short shares decreased 1,276,348 over that period. Alliancebernstein L.P. trimmed its stake by shedding 1,635,654 shares a decrease of 61.5% from 06/30/2017 to 09/30/2017. Blue Chip Partners Inc. lifted its holdings in The Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company's stock worth $127,000 after buying an additional 8 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of The Kraft Heinz by 7.0% during the 1st quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company's stock worth $329,000 after acquiring an additional 17 shares in the last quarter. Finally, Reilly Financial Advisors LLC raised its stake in The Kraft Heinz by 9.0% in the 2nd quarter.
Oppenheimerfunds, Inc. says it decreased its ownership in Kraft Heinz Co Cmn by 1.3% in the quarter ending 09/30/2017. Institutional investors own 60.69% of the company's stock. RBC Capital Markets maintained the shares of KHC in report on Thursday, July 6 with "Buy" rating.
Equity analyst BMO Capital Markets lowered the price target of the stock on November 2 changing the forecast from $96.00 to $82.00 with a "Market Perform" recommendation. The firm has a market capitalization of $96,700.00 and a price-to-earnings ratio of 22.39.
In the market the company is trading up by 0.04% since yesterday's close of 79.72. The company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Kraft Heinz had a net margin of 10.44% and a return on equity of 6.40%. The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. The company's revenue for the quarter was up.7% compared to the same quarter last year. equities research analysts predict that The Kraft Heinz Company will post 3.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.13%. The Kraft Heinz's dividend payout ratio is now 77.88%.
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KHC has been the subject of a number of other research reports. Susquehanna Bancshares Inc reiterated a neutral rating and issued a $91.00 price objective (down previously from $99.00) on shares of The Kraft Heinz in a research report on Monday, July 10th. Zacks Investment Research lowered shares of The Kraft Heinz from a "hold" rating to a "sell" rating in a research report on Tuesday, August 8th. BidaskClub upgraded The Kraft Heinz from a "strong sell" rating to a "sell" rating in a report on Saturday, August 12th. Morgan Stanley maintained Kraft Heinz Co (NASDAQ:KHC) rating on Friday, November 3. Vetr upgraded Kraft Heinz from a "buy" rating to a "strong-buy" rating and set a $98.22 target price for the company in a report on Thursday, October 6th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. $91.43's average target is 15.40% above currents $79.23 stock price.