KH saw net sales inch forward 0.3% year-on-year to $6.88bn, just short of analysts' estimates, but taking away a 0.9% benefit as a result of currency moves, organic sales actually fell 0.6% compared to the previous fourth quarter.
The stock of The Kraft Heinz Company (NASDAQ:KHC) hit a new 52-week low and has $65.74 target or 5.00 % below today's $69.20 share price. Comerica Securities Inc. boosted its position in shares of Kraft Heinz by 0.3% during the 2nd quarter.
The shares are trading at their lowest level since Buffett's Berkshire Hathaway Inc. and the Brazilian private equity firm merged the two food companies in 2015. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. For the quarter ending Jun-18, 12 analysts have a mean sales target of 6,848.06 million whilst for the year ending Dec-18, 19 analysts have a mean target of 26,848.90 million.
Net income hit $8bn, or $6.52 per share, up from the $944m posted a year earlier as a result of benefits from the U.S. tax overhaul, but adjusted earnings retreated 1.1% to $0.90 a share, missing analysts' estimates of $0.95.
The Kraft Heinz Company (NASDAQ:KHC) touched its 1-Year High price of $97.77 on 02/17/17 and its 1-Year Low price of $70.25 on 02/09/18. 7,409,900 shares of the company's stock were exchanged, compared to its average volume of 4,486,300.
On 15 February 2018, Fossil Group, Inc. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company.
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The company during the last trade was able to reach a volume of 1.05 million shares. Finally, Susquehanna Bancshares set a $80.00 price objective on Kraft Heinz and gave the company a "hold" rating in a report on Monday.
Kraft Heinz, the company behind Jell-O and Heinz baked beans, on Friday reported a decrease in fourth-quarter organic sales as demand weakened in the US. Financial Counselors Inc. raised its stake in shares of Kraft Heinz by 0.9% during the 2nd quarter.
The price/earnings to growth ratio (PEG ratio) is a stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period. This represents a $2.50 annualized dividend and a dividend yield of 3.44%. Reilly Financial Advisors LLC now owns 1,631 shares of the company's stock worth $140,000 after purchasing an additional 134 shares during the period. It is a positive indicator for investor portfolio value - when the price of a stock Investor owns goes up in value. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of USA and worldwide copyright and trademark legislation.
Kraft Heinz has struggled to reverse sales declines in its US brands, which include category heavyweights Oscar Meyer hot dogs, Heinz ketchup and Kool-Aid beverages. If you are viewing this report on another site, it was illegally stolen and republished in violation of US & worldwide copyright laws.
Kraft Heinz has in recent weeks been particularly vocal about its corporate strategies, including a "post integration business update" on its Kraft Heinz deal, in which the company focuses on its sustainability efforts, fight against world hunger and community efforts. The Company's segments include the United States, Canada and Europe.