Kraft Heinz (NASDAQ:KHC) was downgraded by stock analysts at TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Wednesday.

A number of other analysts also recently issued reports on the stock. Credit Suisse Group reissued an “underperform” rating on shares of Kraft Heinz in a research report on Friday, March 8th. Wolfe Research downgraded shares of Kraft Heinz from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th. Piper Jaffray Companies reissued a “neutral” rating and set a $35.00 target price on shares of Kraft Heinz in a research report on Monday, March 4th. Morgan Stanley raised shares of Kraft Heinz from an “underweight” rating to an “equal weight” rating and set a $35.00 target price for the company in a research report on Monday, March 4th. Finally, Societe Generale raised shares of Kraft Heinz from a “sell” rating to a “hold” rating and dropped their target price for the stock from $45.00 to $34.00 in a research report on Friday, March 1st. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $45.35.

KHC opened at $31.87 on Wednesday. The company has a market cap of $39.39 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 2.41 and a beta of 0.58. Kraft Heinz has a 1 year low of $31.60 and a 1 year high of $66.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.86.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, February 21st. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.10). The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.93 billion. Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. On average, analysts expect that Kraft Heinz will post 2.94 earnings per share for the current year.

A number of large investors have recently modified their holdings of KHC. Highwater Wealth Management LLC purchased a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $28,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Kraft Heinz by 114.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 634 shares of the company’s stock valued at $27,000 after buying an additional 339 shares during the last quarter. Veritas Investment Management LLP purchased a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $28,000. Gradient Investments LLC boosted its stake in shares of Kraft Heinz by 54.2% during the 4th quarter. Gradient Investments LLC now owns 717 shares of the company’s stock valued at $31,000 after buying an additional 252 shares during the last quarter. Finally, We Are One Seven LLC purchased a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $38,000. 61.80% of the stock is owned by institutional investors.

About Kraft Heinz

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Analyst Recommendations for Kraft Heinz (NASDAQ:KHC)

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