Kraft Heinz (NASDAQ:KHC) received a $80.00 price target from stock analysts at Susquehanna Bancshares in a research report issued on Monday. The firm presently has a “hold” rating on the stock. Susquehanna Bancshares’ price target suggests a potential upside of 12.08% from the stock’s previous close.

A number of other brokerages have also commented on KHC. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. BMO Capital Markets cut their price target on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a report on Thursday, November 2nd. BidaskClub upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Citigroup cut their target price on Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Finally, Vetr upgraded Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 target price for the company in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $92.27.

Shares of Kraft Heinz (NASDAQ:KHC) traded down $0.20 during mid-day trading on Monday, hitting $71.38. The stock had a trading volume of 6,871,000 shares, compared to its average volume of 4,324,479. Kraft Heinz has a one year low of $70.25 and a one year high of $97.77. The firm has a market capitalization of $86,974.24, a price-to-earnings ratio of 22.24, a PEG ratio of 1.92 and a beta of 0.43. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Martingale Asset Management L P raised its stake in Kraft Heinz by 0.5% during the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after acquiring an additional 13 shares in the last quarter. Ropes Wealth Advisors LLC raised its stake in Kraft Heinz by 0.4% during the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after acquiring an additional 17 shares in the last quarter. Linscomb & Williams Inc. raised its stake in Kraft Heinz by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 7,564 shares of the company’s stock worth $648,000 after acquiring an additional 21 shares in the last quarter. Comerica Securities Inc. raised its stake in Kraft Heinz by 0.3% during the second quarter. Comerica Securities Inc. now owns 7,662 shares of the company’s stock worth $656,000 after acquiring an additional 23 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its stake in Kraft Heinz by 0.4% during the second quarter. Salem Investment Counselors Inc. now owns 6,295 shares of the company’s stock worth $539,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 61.93% of the company’s stock.

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About 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.

Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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