Kraft Heinz Co (KHC) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 90 from a previous price target of $85 . Stifel advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Kraft Heinz Co. Kraft Heinz Co was Upgraded by JP Morgan to ” Overweight” on Feb 26, 2016.
On the company’s financial health, Kraft Heinz Co reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.61. The company had revenue of $6570.00 million for the quarter, 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.
Kraft Heinz Co opened for trading at $78.48 and hit $80.3 on the upside on Wednesday, eventually ending the session at $79.98, with a gain of 1.65% or 1.3 points. The heightened volatility saw the trading volume jump to 46,86,999 shares. Company has a market cap of $97,191 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.