Kraft Heinz (NASDAQ:KHC – Get Rating) is set to issue its quarterly earnings data before the market opens on Wednesday, February 15th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Kraft Heinz Trading Down 1.0 %
Shares of KHC opened at $39.54 on Wednesday. The stock has a fifty day moving average price of $40.48 and a two-hundred day moving average price of $38.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.50 and a current ratio of 0.90. Kraft Heinz has a 52-week low of $32.73 and a 52-week high of $44.87. The company has a market cap of $48.43 billion, a price-to-earnings ratio of 40.22, a PEG ratio of 2.87 and a beta of 0.73.
Analyst Upgrades and Downgrades
KHC has been the subject of several research analyst reports. BNP Paribas initiated coverage on Kraft Heinz in a research report on Tuesday, November 15th. They issued a “neutral” rating and a $39.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their target price on Kraft Heinz from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, December 6th. Morgan Stanley boosted their target price on Kraft Heinz from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 20th. Exane BNP Paribas began coverage on Kraft Heinz in a research report on Tuesday, November 15th. They set a “neutral” rating and a $39.00 target price for the company. Finally, StockNews.com began coverage on Kraft Heinz in a research report on Wednesday, October 12th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and a consensus price target of $42.17.
Insider Buying and Selling
In related news, EVP Melissa Werneck sold 3,500 shares of Kraft Heinz stock in a transaction on Monday, January 9th. The stock was sold at an average price of $42.39, for a total transaction of $148,365.00. Following the completion of the sale, the executive vice president now directly owns 266,583 shares of the company’s stock, valued at $11,300,453.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Kraft Heinz by 20.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,029 shares of the company’s stock worth $344,000 after buying an additional 1,560 shares during the period. Echo Street Capital Management LLC acquired a new position in shares of Kraft Heinz during the first quarter worth about $331,000. Sequoia Financial Advisors LLC acquired a new position in shares of Kraft Heinz during the first quarter worth about $293,000. Fort Point Capital Partners LLC boosted its position in shares of Kraft Heinz by 12.7% during the first quarter. Fort Point Capital Partners LLC now owns 6,430 shares of the company’s stock worth $253,000 after buying an additional 726 shares during the period. Finally, Wexford Capital LP acquired a new position in shares of Kraft Heinz during the second quarter worth about $245,000. 68.80% of the stock is owned by institutional investors and hedge funds.
Kraft Heinz Company Profile
The Kraft Heinz Co engages in the manufacture and market of food and beverage products. The firm operates through the following geographical segments: United States, Canada and International. Its brands include Oscar Meyer, Velveeta, Smart Ones, Caprisun, Kool-Aid, Golden circle and Honig. The company was founded on July 2, 2015, and is headquartered in Pittsburgh, PA.