The Kraft Heinz Company (NASDAQ:KHC) quarterly profit beat Wall Street forecasts

Share

Among analysts who offered their Analysis on The Kraft Heinz Company (NASDAQ:KHC)-4 analysts issued Strong buy for the stock, 9 analysts have given a Buy rating, 3 think it's a HOLD, 1 reported it as Underperform, while 0 analyst issued a Sell rating.

KHC has been the topic of several other reports.

Kraft Heinz Company has 52 week low of $71.02 and a 52 week high of $91.30 with a price-earnings ratio of 38.33 and has a total market value of $0. Deutsche Bank AG reissued a "buy" rating on shares of Kraft Heinz in a research note on Monday, October 31st. 14 Analysts think that the Price Target for The Kraft Heinz Company (NASDAQ:KHC) might hit $90.29, however, the High Price Target and Low price Target are $100 and $80, respectively. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. They issued a "buy" rating and a $103.00 price objective for the company.

Weather: Temps dropping before warm afternoon
This Friday's outlook calls for sunny skies with a high of 41 before temps take a dive in the evening to the freezing mark. The forecast includes mostly sunny skies Friday and partly sunny skies Saturday , according to the weather service.

At the movement The Kraft Heinz Company (NASDAQ:KHC) is under coverage by number of analysts. 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. The Market Cap of the company stands at 110.61 Billion.

The Kraft Heinz Company formerly H.J. Heinz Holding Corporation is a food and beverage company.

The Kraft Heinz Company (NASDAQ:KHC) shows its Return on Assets (ROA) value of 2.3 percent, while the Return on Equity (ROE) value is 4.8 percent and Return on Investment (ROI) value stands at 2.7 percent. Full-year sales of $26.49 billion were up about 44% year-over-year, while earnings per share rose to $2.81 from a loss of 34 cents, beating the consensus estimate of 88 cents per share.

Apple to start producing iPhones in India in the coming months
After going ahead with all the agreements regarding manufacturing in India, Apple's iPhone is reported to be the first of the lot. Wistron will assemble units of the iPhone SE starting April this year, a report in The Economic Times said, citing sources.

During the quarter ending December 31, the Pittsburgh- and Chicago-headquartered food giant reported net sales of $6.87 billion, down 3.7% year-over-year, with adjusted quarterly earnings of 91 cents a share up 46.8% year-over-year. Kraft Heinz had a net margin of 10.44% and a return on equity of 6.40%. During the same period in the previous year, the company posted $0.80 earnings per share.

The Kraft Heinz Company (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, February 15th.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, March 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.75%. The Kraft Heinz Company's dividend payout ratio is 105.26%. If you are reading this article on another site, it was illegally stolen and reposted in violation of worldwide trademark and copyright laws. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2322663/kraft-heinz-co-khc-stake-boosted-by-roffman-miller-associates-inc-pa.html. Cornerstone Advisors Inc. boosted its stake in shares of The Kraft Heinz Company by 129.0% in the third quarter. Bollard Group LLC now owns 1,126 shares of the company's stock valued at $101,000 after buying an additional 1,003 shares during the period. Gratus Capital LLC increased its position in shares of The Kraft Heinz Company by 0.3% in the fourth quarter. Vanguard Group Inc. raised its stake in Kraft Heinz by 3.8% in the second quarter. Armbruster Capital Management Inc. now owns 1,628 shares of the company's stock worth $146,000 after buying an additional 19 shares in the last quarter. CWM LLC now owns 1,367 shares of the company's stock valued at $122,000 after buying an additional 246 shares during the period. Enterprise Financial Services Corp boosted its stake in shares of The Kraft Heinz Company by 8.5% in the second quarter. Kraft Heinz has also always been speculated to be on the lookout for acquisitions. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. Apart From these factors, gains from cost savings programs and favorable pricing in the United States were partially offset by raised business investments, mainly in the Europe and Rest of World segments.

Zimmer to Port Authority: Hoboken 'can't wait' for new bus terminal
The PA is also encouraging travelers who arrive at the airport by auto to park in the Long-Term Lot (P10) for $18 a day. The bus terminal is expected to cost $7 billion to $10 billion and take more than 10 years to complete.

Share