BMO Capital Markets Reaffirms Hold Rating for The Kraft Heinz Company (KHC)

Andrew Cummings
February 17, 2017

As for as concerns shares volumes, in share of capital The Kraft Heinz Company (NASDAQ:KHC) has 1218 million outstanding shares among them 1215.45 million shares have been floated in market exchange.

A number of other brokerages have also recently weighed in on KHC. RBC Capital Markets reissued an outperform rating and issued a $99.00 target price (up previously from $96.00) on shares of The Kraft Heinz Company in a research note on Monday, November 7th. Analysts mean target price for The Kraft Heinz Company (NASDAQ:KHC) is $90.29 while their mean recommendation is 2.70 (1=Buy, 5=sell). The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.73 billion. Capital World Investors now owns 35,434,850 shares of the company's stock valued at $3,135,276,000 after buying an additional 4,805,207 shares during the period. For the quarter ended December 31, Kraft Heinz earned $944 million, or 77 cents a share, compared with $285 million, or 23 cents, a year ago. American Research & Management Co. increased its position in shares of The Kraft Heinz Company by 0.8% in the third quarter. Finally, Credit Suisse Group reaffirmed a "buy" rating on shares of The Kraft Heinz Company in a research note on Friday, November 4th.


The company's operating income grew 22.8% since previous year, while net income attributable to common shareholders grew from $285 million to $944 million, beating analyst expectations.

Since the 2015 megamerger between food giants Kraft Foods and the H.J. Heinz Co, the combined company Kraft Heinz has been looking to create cost savings in its business. The institutional investor owned 86,464 shares of the company's stock after buying an additional 1,731 shares during the period.


Several other hedge funds have also modified their holdings of the stock. WestEnd Advisors LLC bought a new stake in Kraft Heinz during the second quarter worth $97,332,000. 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.

Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 1.10 as compared to its debt to equity ratio stands at 0. The firm's 50 day moving average price is $88.39 and its 200-day moving average price is $87.17. The correct version of this story can be read at https://www.thecerbatgem.com/2017/02/16/susquehanna-bancshares-inc-downgrades-the-kraft-heinz-company-khc-to-neutral.html. Sanford C. Bernstein reaffirmed a "top pick" rating and set a $109.00 price objective on shares of The Kraft Heinz Company in a report on Friday, January 6th. Enterprise Financial Services Corp boosted its stake in shares of The Kraft Heinz Company by 8.5% in the second quarter. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of USA & worldwide copyright and trademark laws. Cornerstone Advisors Inc. boosted its stake in shares of The Kraft Heinz Company by 129.0% in the third quarter. Everence Capital Management Inc. now owns 10,580 shares of the company's stock valued at $936,000 after buying an additional 2,290 shares during the period. Stockholders of record on Friday, March 3rd will be paid a $0.60 dividend. The ex-dividend date is Wednesday, March 1st. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. This represents a $2.40 annualized dividend and a dividend yield of 2.75%. The Kraft Heinz Company's dividend payout ratio is presently 105.26%. The Company's segments include the United States, Canada and Europe. But if today's earnings-which appeared, at least on the surface, to be pretty good-demonstrated anything, it's that Kraft Heinz might be running out of synergies to juice profitability.


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