The Kraft Heinz Company (KHC) - What Analyst Recommends Mean Price Target?

The Kraft Heinz Company (KHC) - What Analyst Recommends Mean Price Target?

Kraft Heinz shares fell more than 3% on Friday as its latest quarterly earnings came in below analysts' expectations, reflecting another decline in sales in the U.S. Taking short look on returns of the firm, net profit margin recorded as 46.50% while operating profit margin was 37.00%, whereas price to sale ratio stands at 5.61 and it indicates how much investor paid for a share compared to the sales a company generated per share. GWM Advisors LLC purchased a new stake in shares of Kraft Heinz during the second quarter worth $137,000. The firm has a market capitalization of $87,632.22, a PE ratio of 22.65, a PEG ratio of 1.93 and a beta of 0.43. Now the price is sitting at -6.47% lower than its 50 days moving average.

Kraft Heinz Co's revenue for the fourth quarter of the year was $6.88 billion. The formula for calculating the price-earnings ratio for any stock is simple: the market value per share divided by the earnings per share (EPS). The stock price volatility remained at 2.10% in recent month and reaches at 2.37% for the week. Martingale Asset Management L P raised its holdings in shares of Kraft Heinz by 0.5% in the 2nd quarter. The stock traded on impressive volume of 5.85 Million comparing to the average volume of 3575.61 shares, completing picture of exact trends with uncompleted dots in volume over the norm. Finally, Salem Investment Counselors Inc. boosted its position in shares of Kraft Heinz by 0.4% during the 2nd quarter. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company.

The Kraft Heinz Company (NASDAQ:KHC) closed its last session at $72.71. Kraft Heinz has a 1-year low of $67.65 and a 1-year high of $97.77.

Moving toward the technical facts, The Kraft Heinz Company current distance from 20-Day Simple Moving Average is -4.95% and standing -6.47% away from 50-Day Simple Moving Average while traded -11.83% away from 200-Day Simple Moving Average. Usually, financial analysts consider return on equity ratios in the 15-20% range as an attractive level of investment quality. Kraft Heinz presently has a consensus rating of "Buy" and an average target price of $91.35. This is up slightly from its revenue of $6.68 billion that was reported in the fourth quarter of the previous year. This represents a $2.50 annualized dividend and a dividend yield of 3.44%. Financial Counselors Inc. now owns 124,450 shares of the company's stock worth $10,658,000 after acquiring an additional 1,159 shares in the last quarter.

More news: Trump's 2019 Budget Would Slash Great Lakes Funding

The company will be able to invest money it gained from tax benefits under the new USA tax code into struggling products, which could revive growth and help reposition brands to reflect changing consumer sentiment.

COPYRIGHT VIOLATION NOTICE: This report was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal.

Kraft Heinz has struggled to reverse sales declines in its US brands, which include category heavyweights Oscar Meyer hot dogs, Heinz ketchup and Kool-Aid beverages. If you are accessing this article on another site, it was illegally copied and republished in violation of United States & worldwide copyright & trademark legislation.

The Kraft Heinz Company is a food and beverage company. The Company's products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

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