EPS for Kraft Heinz Co (KHC) Expected At $0.96

Reuters

Kraft Heinz Co.'s (KHC) net sales below analysts' expectations underscores the company's need for a new deal.

For this year, The Kraft Heinz Company (NASDAQ:KHC) is performing -0.74%.

Q2 net sales decreased 1.7%; Organic Net Sales (1) decreased 0.9%.

The collective rating of 2.7 for The Kraft Heinz Company (NASDAQ:KHC) also leans strongly towards the neutral end of the spectrum. Royal Bank Of Canada set a $96.00 price objective on The Kraft Heinz and gave the company a "buy" rating in a research note on Saturday, June 3rd. (BRK.B), reported net sales of $6.7 billion, down 1.7% year over year, while earnings of 98 cents per share represent a 15.3% increase from the same period last year. Processed packaged food makers, including Kraft Heinz, are being pressured by increasing preference for healthier alternatives among US consumers. The stock traded at a volume of 3.93 million shares. Gateway Investment Advisers LLC boosted its position in The Kraft Heinz by 5.2% in the first quarter. Vetr lowered The Kraft Heinz from a "buy" rating to a "hold" rating and set a $95.36 price target for the company.in a research report on Wednesday, April 12th.

Analysts are speculating a 50.02% move, based on the high target price ($44) for the shares that is set to reach in the next 12 months. Consumer Edge raised The Kraft Heinz to an overweight rating in a report on Thursday, May 4th. The average volume stands around 2.73 million shares. The firm's quarterly revenue was down 1.7% on a year-over-year basis. Current price places the company's stock 13.95% away from its 200-day simple moving average, 5.88%, away from the 50-day average and also 1.4% away from 20-day average. The company has market cap of $105.53 billion. Credit Suisse Group reiterated an "outperform" rating on shares of The Kraft Heinz in a research report on Sunday, April 23rd.

Expected 24.4% growth in earnings next year and P/E ratio of 30.5x give Kraft Heinz a higher PEG ratio of 1.3x. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock.

However, the company, which is backed by billionaire-investor Warren Buffett and private equity firm 3G, said revenue fell 1.7 percent to $6.68 billion, the third straight quarter of drop. Crestwood Advisors Group LLC bought a new position in shares of The Kraft Heinz during the first quarter worth approximately $109,000. During the same period a year ago, the business posted $0.73 EPS. Hedge funds and other institutional investors own 61.93% of the company's stock. With the firm's first-half results generally aligning with our full-year expectations (for 0.5% reported sales growth and high-20s operating margins), we see little impetus for change to our $70 fair value estimate, but with shares trading at almost a 25% premium to our valuation, we'd suggest investors refrain from building a position at such lofty levels. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). If you are viewing this news story on another domain, it was stolen and republished in violation of USA and worldwide copyright laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/08/04/american-money-management-llc-cuts-stake-in-the-kraft-heinz-company-nasdaqkhc.html. The Kraft Heinz has an average rating of "Buy" and an average price target of $97.96. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company's divisions include the United States, Canada and Europe.

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