Price Target Update on The Kraft Heinz Company (NASDAQ:KHC)

The Kraft Heinz Company (NASDAQ:KHC) : Currently there are 11 street experts covering The Kraft Heinz Company (NASDAQ:KHC) stock. The most bullish and bearish price target for the stock is $98 and $83 respectively for the short term. The average price target of all the analysts comes to $90.46. The estimated standard deviation from the target is $4.13.

Other Equity analysts have also commented on the company shares. Argus Research initiates coverage on The Kraft Heinz Company (NASDAQ:KHC) . The global brokerage major announces a current price target of $91 per share. Analysts at the Argus Research have a current rating of Buy on the shares. The rating by the firm was issued on April 27, 2016.

The Kraft Heinz Company (NASDAQ:KHC): stock turned positive on Thursday. Though the stock opened at $85.94, the bulls momentum made the stock top out at $86.388 level for the day. The stock recorded a low of $85.425 and closed the trading day at $86.37, in the green by 1.36%. The total traded volume for the day was 2,452,214. The stock had closed at $85.21 in the previous days trading.

On the companys insider trading activities, Jackson Jeanne P, director of Kraft Heinz Co had purchased 4,330 shares on October 28, 2015 in a transaction. The price per share was $75.4 and the total amount of the disclosed transaction was $326,482.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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 Companys 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.

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