Kraft Heinz (NASDAQ:KHC) Stock Rating Upgraded by StockNews.com

Kraft Heinz (NASDAQ:KHC) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Other equities research analysts also recently issued reports about the stock. Mizuho downgraded shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $31.00 in a report on Monday, February 10th. TD Cowen lowered their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group lowered their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Finally, Evercore ISI restated an “in-line” rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Stock Down 0.4 %

Shares of NASDAQ:KHC opened at $30.19 on Wednesday. The stock has a market cap of $36.08 billion, a P/E ratio of 13.36, a P/E/G ratio of 3.39 and a beta of 0.40. The firm has a fifty day moving average price of $29.87 and a 200 day moving average price of $32.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. Kraft Heinz has a 1-year low of $27.25 and a 1-year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Sell-side analysts predict that Kraft Heinz will post 2.68 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Centaurus Financial Inc. lifted its position in shares of Kraft Heinz by 49.1% during the fourth quarter. Centaurus Financial Inc. now owns 4,933 shares of the company’s stock worth $152,000 after purchasing an additional 1,625 shares in the last quarter. Aegis Wealth Management LLC acquired a new position in shares of Kraft Heinz during the fourth quarter worth $244,000. Siemens Fonds Invest GmbH increased its stake in shares of Kraft Heinz by 192.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 62,499 shares of the company’s stock worth $1,871,000 after buying an additional 41,163 shares during the last quarter. QSM Asset Management Ltd bought a new stake in shares of Kraft Heinz in the fourth quarter worth $7,135,000. Finally, Menard Financial Group LLC increased its stake in shares of Kraft Heinz by 5.2% in the fourth quarter. Menard Financial Group LLC now owns 11,495 shares of the company’s stock worth $353,000 after buying an additional 571 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.