Unilever Confirms Rejection Of USD143 Billion Kraft-Heinz Bid
- Author: Zachary Reyes Feb 18, 2017,
Feb 18, 2017, 15:22
Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 39.92. Analyst had a consensus of $0.87.
While 3G is often seen as extreme - at Heinz they limited employee use of company printers to 200 pages per month, required double-sided printing - zero-based budgeting has been adopted elsewhere, such as at Oreo cookie maker Mondelez International Inc. The stock now has a consensus rating of "Buy" and a consensus price target of $99.18. The legal version of this news story can be viewed at https://www.com-unik.info/2017/02/16/nn-investment-partners-holdings-n-v-acquires-11853-shares-of-the-kraft-heinz-company-khc.html.
The Wall Street Journal reported that the $143-billion proposal was rejected by Unilever, and it's not certain that Kraft Heinz will make another formal proposal.
There had been speculation that 3G would look to buy another food company and resume a cost-cutting cycle spearheaded by Kraft Chief Executive Officer Bernardo Hees. Sanford C. Bernstein set a $110.00 price target on shares of Kraft Heinz and gave the company a "buy" rating in a research note on Monday, September 12th. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
Sprint Corporation (NYSE:S), stock is trading $9.65 above the 52-week high and has displayed a high EPS growth of -73.48% in last 5 years.
"There will undoubtedly be competition concerns given how big any new company would be, and Kraft is already in the process of drilling down on costs as a result of its recent $100bn merger with Heinz in 2015". The company had revenue of $6857.00 million for the quarter, compared to analysts expectations of $6756.07 million. The company has become known for debt-heavy mergers accompanied by relentless pressure to lower costs. Company net profit margin stands at 10.40% whereas its return on equity (ROE) is 4.80%. (NYSE:HIG) went up 0.21% during trading on the U.S. exchange when it had traded 3.06M shares. On average, analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year. If you are accessing this article on another website, it was illegally copied and republished in violation of US & global copyright legislation. Stockholders of record on Friday, December 2nd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.63%. The share price has moved forward from its 20 days moving average, trading at a distance of 7.91% and stays 12.51% away from its 50 days moving average. Enterprise Financial Services Corp raised its stake in The Kraft Heinz Company by 8.5% in the second quarter.