The Kraft Heinz Company (NASDAQ:KHC).
On August 16 Credit Suisse maintained a company rating of “Outperform” and raised the price target from $85.00 to $100.00. Argus Research started covering KHC by announcing an initial rating of “Buy” and a price target of $91.00.
On March 16 the stock rating was upgraded to “Conviction Buy” from “Buy” by analysts at Goldman Sachs. On February 26, 2016 the stock rating was rated “Overweight” by JP Morgan which is up from the previous “Neutral” rating.
February 26 investment analysts at Susquehanna made no change to the company rating of “Positive” but raised the price expectation to $104.00 from $98.00.
In the market the company is trading unchanged from yesterday’s close of $89.23. Additionally The Kraft Heinz Company recently declared a dividend for shareholders that will be paid on Friday October 7th, 2016. The dividend payment will be $0.600 per share for the quarter which comes to $2.40 on an annualized basis. The dividend yield will be $2.70. The ex-dividend date will be on Wednesday the 24th of August 2016.
Shares are trading at $89.23 which is just over $88.88, the 50 day moving average and slightly over the 200 day moving average of $84.56. The 50 day moving average was up $0.35 or +0.39% whereas the 200 day moving average was up $4.67 or +5.52%.
The P/E ratio is currently 65.42 and market cap is 108.65B. In the latest earnings report the EPS was $1.36 and is expected to be $3.24 for the current year with 1,217,650,000 shares presently outstanding. Next quarter’s EPS is expected be $0.90 and the next full year EPS is projected to be $3.92.
Short traders are feeling a little more bearish on the company lately if you pay attention to the motion in short interest. The company had a rise in short interest from August 31, 2016 to September 15, 2016 of 0.08%. Short shares grew 857,876 over that period. The short-interest ratio decreased to 0.0 and the percentage of shorted shares was 0.01% on September 15.