The Kraft Heinz Company (KHC) Position Decreased by Associated Banc Corp

Having a price of $91.43, Kraft Heinz Co (NASDAQ:KHC) traded 0.57% higher on the day. Stifel Nicolaus reaffirmed a "buy" rating and issued a $95.00 target price on shares of The Kraft Heinz Company in a research note on Tuesday, September 27th. Analysts had expected The Kraft Heinz Company (NASDAQ:KHC) to post net income of about $0.88 per share on $6,736.98M in revenue. Cornerstone Advisors Inc. now owns 1,223 shares of the company's stock valued at $109,000 after buying an additional 689 shares in the last quarter. The median one-year price target of 14 analysts covering the company is $90.50, which suggests the stock could still rise over -1 percent. The Kraft Heinz Company has a 1-year low of $68.18 and a 1-year high of $90.54. Vetr downgraded The Kraft Heinz Company from a "strong-buy" rating to a "buy" rating and set a $88.44 price target for the a research report on Monday, November 21st.

The stock is going forward its 52-week low with 24.48% and moving down from its 52-week high price with -6.48%. Out of the pool of analysts 8 gave their BUY ratings on the stock in previous month as 9 analysts having BUY in current month. The Market Capitalization of the company stands at 111.64 Billion. TCW Group Inc.'s holdings in The Kraft Heinz Company were worth $3,842,000 as of its most recent filing with the SEC. The Manufacturers Life Insurance Company bought a new stake in shares of The Kraft Heinz Company during the third quarter worth about $103,126,000.

07/20/2015 - S&P Capital IQ began new coverage on Kraft Heinz giving the company a "hold" rating. On average, equities analysts expect that The Kraft Heinz Company will post $3.24 EPS for the current year. Given that liquidity is king in short-term, KHC is a stock with 1.22 billion shares outstanding that normally trades 0.95% of its float. BlackRock Institutional Trust Company N.A. boosted its position in shares of The Kraft Heinz Company by 1.7% in the third quarter. The Company's products are sold through its own sales organizations and through independent brokers, agents and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, foodservice distributors and institutions. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 0.97% where SMA50 and SMA200 are 3.24% and 5.96% respectively.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 17th. The Kraft Heinz Company's payout ratio is presently 105.26%. The original version of this story can be read at Stockholders of record on Friday, December 2nd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.62%. If you are reading this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright laws. The ex-dividend date of this dividend was Wednesday, November 30th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Sell-side analyst recommendations point to a short term price target of $97 on the company shares.

Kraft Heinz had its "outperform" rating reiterated by analysts at Sanford C. Bernstein. The Company's segments include the United States, Canada and Europe.

  • Zachary Reyes