Kraft Heinz (NASDAQ:KHC) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday, BidAskClub reports.

Other research analysts have also recently issued research reports about the stock. UBS Group set a $30.00 price objective on shares of Kraft Heinz and gave the company a “hold” rating in a report on Friday, August 9th. Morgan Stanley set a $32.00 price objective on shares of Kraft Heinz and gave the company a “hold” rating in a report on Friday, August 9th. Guggenheim cut shares of Kraft Heinz from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $29.00 to $25.00 in a report on Friday, August 9th. Piper Jaffray Companies upgraded shares of Kraft Heinz from an “underweight” rating to a “neutral” rating and set a $31.00 price objective for the company in a report on Friday, May 31st. Finally, Credit Suisse Group set a $26.00 price objective on shares of Kraft Heinz and gave the company a “sell” rating in a report on Friday, August 9th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Kraft Heinz presently has an average rating of “Hold” and a consensus price target of $36.45.

KHC opened at $25.29 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.21. The company has a market capitalization of $32.07 billion, a P/E ratio of 7.16, a price-to-earnings-growth ratio of 2.62 and a beta of 0.74. The business’s 50 day simple moving average is $30.58. Kraft Heinz has a fifty-two week low of $25.19 and a fifty-two week high of $61.68.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.07 billion. Kraft Heinz had a negative net margin of 38.95% and a positive return on equity of 6.89%. Kraft Heinz’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. As a group, equities analysts anticipate that Kraft Heinz will post 2.73 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Kraft Heinz by 36.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 94,503 shares of the company’s stock valued at $3,086,000 after buying an additional 25,381 shares during the period. Cypress Wealth Advisors LLC boosted its holdings in shares of Kraft Heinz by 11.3% in the first quarter. Cypress Wealth Advisors LLC now owns 7,415 shares of the company’s stock valued at $242,000 after buying an additional 751 shares during the period. CWM LLC boosted its holdings in shares of Kraft Heinz by 58.3% in the first quarter. CWM LLC now owns 3,443 shares of the company’s stock valued at $112,000 after buying an additional 1,268 shares during the period. Investec Asset Management LTD acquired a new position in shares of Kraft Heinz in the first quarter valued at approximately $342,000. Finally, AMG National Trust Bank boosted its holdings in shares of Kraft Heinz by 5.8% in the first quarter. AMG National Trust Bank now owns 103,978 shares of the company’s stock valued at $3,395,000 after buying an additional 5,727 shares during the period. Institutional investors own 58.06% of the company’s stock.

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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