Published: Fri, October 06, 2017
Markets | By Rosalie Gross

Goldman Sachs Downgrades Rating On The Kraft Heinz Company (KHC) To "Neutral"

Previously on 06/29/2017, J P Morgan Chase Co reported on Kraft Heinz Company (NYSE:KHC) lowered the target price from $102.00 to $99.00. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and worldwide copyright & trademark legislation. Perpetual Ltd lifted its holdings in The Kraft Heinz by 13.0% in the 2nd quarter. BlackRock Inc. now owns 32,552,898 shares of the company's stock valued at $2,956,129,000 after purchasing an additional 31,204,852 shares during the period.

Other hedge funds have also recently added to or reduced their stakes in the company. The Earnings Yield Five Year average for The Kraft Heinz Company (NasdaqGS:KHC) is.

While looking at the Stock's Performance, The Kraft Heinz Company now shows a Weekly Performance of -0.59%, where Monthly Performance is -4.17%, Quarterly performance is -6.1%, 6 Months performance is -14.93% and yearly performance percentage is -11.65%. Perpetual Ltd now owns 6,100 shares of the company's stock worth $522,000 after buying an additional 700 shares in the last quarter. Finally, First Foundation Advisors grew its holdings in The Kraft Heinz by 0.5% during the 1st quarter. According to these analysts, the Low Revenue Estimate for The Kraft Heinz Company is 4.61 Billion and the High Revenue Estimate is 4.77 Billion. (NASDAQ:ARWR), its shares were trading at $4.4 a retreat of $-0.1, on the trading floor.

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KHC has been the topic of several research reports. The stock of Kraft Heinz Co (NASDAQ:KHC) has "Outperform" rating given on Tuesday, July 21 by RBC Capital Markets. A 1 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NYSE:DVMT) or, if they already own its stock, sell it. BMO Capital Markets restated a "hold" rating and issued a $96.00 target price on shares of The Kraft Heinz in a report on Thursday, June 15th. Investors who are keeping close eye on the stock of Target Corporation (NYSE:TGT) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 4.98 and sector's optimum level is 10.52. This is calculated by taking the earnings per share and dividing it by the last closing share price.

The stock's 50 day moving average is 79.67 and its 200 day moving average is 79.67. Credit Suisse Group set a $100.00 price objective on shares of The Kraft Heinz and gave the stock a "buy" rating in a research report on Saturday, July 29th. Susquehanna Bancshares Inc reiterated a neutral rating and issued a $85.00 price target (down from $94.00) on shares of The Kraft Heinz in a research note on Wednesday, August 9th. KHC's profit will be $1.01 billion for 23.17 P/E if the $0.83 EPS becomes a reality.

Analysts await Kraft Heinz Co (NASDAQ:KHC) to report earnings on November, 2. The Kraft Heinz has a 52 week low of $76.76 and a 52 week high of $97.77. This is assuming the current $0.83 EPS is accurate. Thornburg Investment Management Inc. boosted its stake in The Kraft Heinz by 9,061.9% during the 1st quarter. The firm attains analyst recommendation of 2 out of 1-5 scale with week's performance of 6.30%. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The business's revenue was down 1.7% on a year-over-year basis. Investors of record on Friday, August 18th were paid a dividend of $0.625 per share. The ex-dividend date was Wednesday, August 16th. The Kraft Heinz's dividend payout ratio (DPR) is presently 79.87%. The Firm 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 divisions include the United States, Canada and Europe.

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