Short Term Price Target on The Kraft Heinz Company (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.

Shares of The Kraft Heinz Company rose by 2.44% in the last five trading days and 5.4% for the last 4 weeks. The Kraft Heinz Company is up 12.66% in the last 3-month period. Year-to-Date the stock performance stands at 23.35%. Also, Argus Research initiates coverage on The Kraft Heinz Company (NASDAQ:KHC). Argus Research has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $91 per share. The rating by the firm was issued on April 27, 2016.

The Kraft Heinz Company (NASDAQ:KHC) : 14 analysts are covering The Kraft Heinz Company (NASDAQ:KHC) and their average rating on the stock is 1.61, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. The Kraft Heinz Company (NASDAQ:KHC) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

The Kraft Heinz Company (NASDAQ:KHC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $86.39 and $86.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $88.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $88.48, notching a gain of 2.76% for the day. The total traded volume was 5,571,245 . The stock had closed at $86.10 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Kraft Heinz Co, Jackson Jeanne P, had purchased 4,330 shares in a transaction dated on October 28, 2015. The transaction was executed at $75.4 per share with total amount equaling $326,482.

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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