Zacks Investment Research Downgrades The Kraft Heinz Company (KHC) to Sell

Paterniano Del Favero
Luglio 22, 2017

The company has a market capitalization of $104.91 billion, a P/E ratio of 30.66 and a beta of 0.44. Wall Street Access Asset Management LLC now owns 2,414 shares of the company's stock valued at $210,000 after buying an additional 150 shares during the period. Zacks Investment Research upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Thursday.

It is now trading at $85.70 just a bit lower than the 50 day moving average of $88.18 and a bit lower than the 200 day moving average of $89.85. The firm earned "Conviction Buy" rating on Wednesday, March 16 by Goldman Sachs. They issued a "buy" rating and a $102.00 target price for the company.

The Kraft Heinz Company (KHC) now trades with a market capitalization of $104.54 Billion. Susquehanna Bancshares Inc restated a "neutral" rating and set a $91.00 price objective (down previously from $99.00) on shares of The Kraft Heinz in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. The fund owned 34,840 shares of the company's stock after selling 20,174 shares during the period.

APG Asset Management N.V. says it increased its position in The Kraft Heinz Company by 256,400 shares in the last quarter. Rockefeller Financial Services Inc. raised its stake in shares of Kraft Heinz by 240.2% in the first quarter. Looking at the stock's movement on the chart, The Kraft Heinz Company recorded a 52-week high of $97.77. Blue Chip Partners Inc. raised its stake in shares of Kraft Heinz by 0.5% in the first quarter.

COPYRIGHT VIOLATION NOTICE: "The Kraft Heinz Company (NASDAQ:KHC) Rating Increased to Hold at Zacks Investment Research" was first published by BNB Daily and is the property of of BNB Daily.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 3rd. BidaskClub cut The Kraft Heinz from a "sell" rating to a "strong sell" rating in a report on Wednesday, July 5th. As of the latest earnings report the EPS was $2.81 and is projected to be $3.24 for the current year with 1,217,633,000 shares presently outstanding. For KHC, the company now has $3.24 Billion of cash on the books, which is offset by $2.93 Billion current liabilities. Parthenon LLC divested its holdings by shedding 300 shares a decrease of 0.3% in the quarter.

The Kraft Heinz Company (KHC) now has a Return on Assets (ROA) value of 2.9 Percent. Crestwood Advisors Group LLC bought a new stake in The Kraft Heinz during the first quarter valued at approximately $109,000. Bollard Group LLC now owns 1,149 shares of the company's stock worth $104,000 after buying an additional 8 shares during the last quarter. Finally, Aviva PLC raised its stake in The Kraft Heinz by 4.3% in the fourth quarter. The company had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $6.44 billion. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of USA & worldwide trademark & copyright laws.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The correct version of this piece can be viewed at https://www.com-unik.info/2017/07/22/segment-wealth-management-llc-takes-position-in-the-kraft-heinz-company-nasdaqkhc-updated-updated.html. On average, analysts predict that The Kraft Heinz Company will post $3.24 EPS for the current year. The Return on Investment (ROI) ratio of The Kraft Heinz Company (KHC) is 5.3 percent. 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 now has an average rating of "Buy" and an average price target of $97.96. The Company's segments include the United States, Canada and Europe.

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