March 29, 2017

The Kraft Heinz Company

17 February 2017, 02:10 | Melvin Schneider

BMO Capital Markets restated their hold rating on shares of The Kraft Heinz Company (NASDAQ:KHC) in a research note issued to investors on Thursday.

A number of other brokerages have also recently weighed in on KHC. The stock floated in a price range of $90.26 to $91.30, with market capitalization of $111.17B.

The Kraft Heinz Company (NASDAQ:KHC) share price Jumped 0.31% to reach $91.1 during the last trading session. They now have a $96.00 target price on the stock.

Net sales were $6.9 billion, down 3.7 percent as compared to net sales for the year-ago period, counting a negative 4.6 percentage point impact from a 53rd week of shipments in 2015 and an unfavorable 0.7 percentage point impact from currency. The company had a trading volume of 10,571,918 shares. Analysts predict that Kraft Heinz Co. will post $3.24 earnings per share for the current fiscal year. FMR LLC raised its stake in Kraft Heinz by 38.6% in the second quarter.

The Kraft Heinz Company (NASDAQ:KHC) posted earnings of $0.86/Share in the previous quarter, as compared to earnings of $0.81/share estimated by analysts. Forward Price to Earnings ratio of DECK attains value of 13.71 that is projecting or estimating EPS for the next 12-months and its follow by traders who believe on anticipates of a firm's future rather than past performance. The 52-week high of the share price is 0.26% and 52-week low of the share price is 48.49%. The Kraft Heinz Company now has a consensus rating of "Buy" and an average price target of $98.95. The Company's products are sold through its own sales organizations and through independent brokers, agents and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, foodservice distributors and institutions. Gratus Capital LLC increased its position in shares of The Kraft Heinz Company by 0.3% in the fourth quarter. CWM LLC now owns 1,367 shares of the company's stock valued at $122,000 after buying an additional 246 shares in the last quarter. The company now expects $1.7 billion in cumulative pretax savings, up from $1.5 billion, with $2 billion in pretax costs up from $1.9 billion and $1.3 billion in capital expenditures up from $1.1 billion.

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The dividend will be paid on April 4, 2017 to shareholders of record as of the close of business on March 17, 2017. Albion Financial Group UT raised its stake in The Kraft Heinz Company by 1.8% in the third quarter. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark laws. Vanguard Group Inc. raised its stake in Kraft Heinz by 3.8% in the second quarter. They set a "buy" rating and a $103.00 price objective on the stock. Cornerstone Advisors Inc. now owns 1,223 shares of the company's stock valued at $109,000 after buying an additional 689 shares in the last quarter. This represents a $2.40 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, March 1st. The Kraft Heinz Company's dividend payout ratio (DPR) is presently 105.26%.

"We finished 2016 consistent with our expectations and with good momentum heading into 2017", said Kraft Heinz CEO Bernardo Hees.

Analysts see growth opportunities in segments such as condiments and sauces, cheese, meals, nuts and baby food.

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