The Kraft Heinz Company (KHC) Declares $0.63 Quarterly Dividend
The Kraft Heinz Company (NASDAQ:KHC) announced a quarterly dividend on Wednesday, November 1st, RTT News reports. Stockholders of record on Friday, November 17th will be given a dividend of 0.625 per share on Friday, December 15th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.23%.
The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share.
A number of equities analysts have recently issued reports on KHC shares. Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of The Kraft Heinz in a research report on Tuesday, August 1st. Piper Jaffray Companies upgraded shares of The Kraft Heinz from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $92.00 to $90.00 in a research report on Friday, October 6th. BidaskClub lowered shares of The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, Berenberg Bank set a $102.00 target price on shares of The Kraft Heinz and gave the stock a “buy” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $95.53.
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About The Kraft Heinz
The Kraft Heinz Company is a food and beverage company. 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. The Company’s segments include the United States, Canada and Europe.
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