Heinz (NASDAQ:KHC) – Investment analysts at Jefferies Group lifted their Q4 2018 EPS estimates for shares of Heinz in a report issued on Tuesday, April 10th. Jefferies Group analyst A. Jagdale now anticipates that the company will post earnings of $1.05 per share for the quarter, up from their previous estimate of $1.04. Jefferies Group has a “Buy” rating and a $95.00 price target on the stock.
KHC has been the topic of several other reports. UBS set a $80.00 target price on shares of Heinz and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Zacks Investment Research lowered shares of Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, March 14th. Bank of America cut their target price on shares of Heinz from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, April 3rd. Argus reissued a “buy” rating and set a $74.00 target price (down from $93.00) on shares of Heinz in a research note on Wednesday, March 7th. Finally, ValuEngine lowered shares of Heinz from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Four research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $83.37.
Heinz (NASDAQ:KHC) last issued its earnings results on Friday, February 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.91 billion. Heinz had a return on equity of 7.20% and a net margin of 41.93%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share.
Several institutional investors have recently added to or reduced their stakes in the business. We Are One Seven LLC bought a new position in shares of Heinz during the fourth quarter valued at about $107,000. Rational Advisors LLC bought a new position in shares of Heinz during the fourth quarter valued at about $117,000. Cerebellum GP LLC bought a new position in shares of Heinz during the fourth quarter valued at about $124,000. Oakworth Capital Inc. lifted its position in shares of Heinz by 76.5% during the fourth quarter. Oakworth Capital Inc. now owns 1,742 shares of the company’s stock valued at $141,000 after purchasing an additional 755 shares in the last quarter. Finally, Truewealth LLC bought a new position in shares of Heinz during the fourth quarter valued at about $143,000. 63.22% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Thursday, March 8th. Heinz’s dividend payout ratio (DPR) is 70.42%.
Heinz Company Profile
The Kraft Heinz Company is a food and beverage company. The Company 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 segments include the United States, Canada and Europe.
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