The days to cover increased to 5.0 and the percentage of shorted shares is 0.01% as of October 13. Ltd. now owns 1,280 shares of the company's stock worth $110,000 after buying an additional 950 shares during the period. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the company a "buy" rating in a report on Sunday, September 10th. Susquehanna Bancshares Inc reissued a "hold" rating on shares of The Kraft Heinz in a research note on Tuesday, August 1st.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, November 3rd. As per Tuesday, August 1, the company rating was maintained by Susquehanna. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. The stock has a consensus rating of "Buy" and a consensus target price of $98.59.
Several hedge funds have recently added to or reduced their stakes in KHC. Haverford Trust Co expanded its position by buying 14,651 shares an increase of 3.4% from 06/30/2017 to 09/30/2017. Chevy Chase Trust Holdings Inc. now owns 529,559 shares of the company's stock valued at $41,068,000 after acquiring an additional 6,019 shares during the period. American International Group Inc trimmed its investment by shedding 20,446 shares a decrease of 6.4% in the quarter. Reilly Financial Advisors LLC now owns 1,631 shares of the company's stock valued at $140,000 after purchasing an additional 134 shares during the last quarter. Its investment stood at $55,832,000 a decrease of $12,307,000 according to the filing.
As of quarter end Three Peaks Capital Management, LLC had disposed of 3,276 shares trimming its position 2.6%. First Republic Investment Management Inc. now owns 35,661 shares of the company's stock valued at $2,766,000 after acquiring an additional 1,022 shares during the period. Martingale Asset Management L P lifted its holdings in The Kraft Heinz by 0.5% during the second quarter. AMP Capital Investors Ltd now owns 408,109 shares of the company's stock valued at $31,649,000 after acquiring an additional 261,436 shares during the period.
The Kraft Heinz Company (KHC) opened at $79.85 on Tuesday. Kraft Heinz Co. The company has a 50 day moving average price of $85.42 and a 200 day moving average price of $87.01.
Equity analyst BMO Capital Markets lowered the price target on November 2 cutting the projection from $96.00 to $82.00 and issued a "Market Perform" recommendation. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. The firm has a market capitalization of $96,700.00 and a price-to-earnings ratio of 22.39. The company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. During the same quarter last year, the firm earned $0.83 earnings per share. equities analysts predict that The Kraft Heinz will post 3.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Thursday, November 16th.
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The Kraft Heinz Company is a food and beverage company.