Kraft Heinz (NASDAQ:KHC) Stock Rating Upgraded by StockNews.com

Kraft Heinz (NASDAQ:KHC - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Wednesday.

KHC has been the topic of several other research reports. Evercore ISI reaffirmed an "in-line" rating and issued a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and decreased their price target for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. UBS Group cut their price objective on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, February 13th. Finally, Jefferies Financial Group cut their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $30.86.

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Kraft Heinz Price Performance

KHC stock traded down $0.80 during trading on Wednesday, hitting $30.30. The company had a trading volume of 13,433,805 shares, compared to its average volume of 10,578,820. The firm has a market capitalization of $36.21 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 3.39 and a beta of 0.40. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $29.88 and a 200 day moving average of $32.20. Kraft Heinz has a fifty-two week low of $27.25 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. As a group, research analysts predict that Kraft Heinz will post 2.68 earnings per share for the current year.

Institutional Trading of Kraft Heinz

Institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Kraft Heinz during the third quarter worth $27,000. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at about $25,000. Generali Investments Management Co LLC bought a new stake in Kraft Heinz in the fourth quarter valued at about $26,000. Mountain Hill Investment Partners Corp. acquired a new position in Kraft Heinz in the fourth quarter worth about $29,000. Finally, Larson Financial Group LLC boosted its holdings in Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company's stock valued at $34,000 after purchasing an additional 636 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.

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