Kraft Heinz Co (KHC) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.73 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.61. The company posted revenue of $6570.00 million in the period, compared to analysts expectations of $6463.10 million. The company’s revenue was down -3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.
Many Wall Street Analysts have commented on Kraft Heinz Co. Kraft Heinz Co was Upgraded by JP Morgan to ” Overweight” on Feb 26, 2016.
Kraft Heinz Co opened for trading at $78.07 and hit $80.25 on the upside on Monday, eventually ending the session at $79.52, with a gain of 1.86% or 1.45 points. The heightened volatility saw the trading volume jump to 37,00,714 shares. Company has a market cap of $96,632 M.
In a different news, on Nov 20, 2015, Jeanne P Jackson (director) purchased 4,330 shares at $75.40 per share price.
The Kraft Heinz Company formerly H.J. Heinz Holding Corporation is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Company’s brands include Kraft Heinz ABC Capri Sun Classico Jell-O Kool-Aid Lunchables Maxwell House Ore-Ida Oscar Mayer Philadelphia Planters Plasmon Quero Weight Watchers Smart Ones and Velveeta.