Kraft Heinz Co Stock Slips on Earnings Miss

Heinz ketchup

Heinz ketchup

The Kraft Heinz Company (KHC) stock was most active stock of Wall Street Market on Thursday. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. The stock of The Kraft Heinz Company (NASDAQ:KHC) has "Buy" rating given on Monday, October 23 by Stifel Nicolaus.

The Kraft Heinz Company (KHC) stock price performed at a change of -4.95% from 20 day SMA and stands at a distance of -6.47% away from 50 day SMA.

Total shares held by institutions as of the most recent company filings are 1,374,211,298 with a reported 31,001,985 bought and 29,816,628 sold. On Friday, Kraft Heinz reported yet another period of weak sales, particularly in the US, its main market, which will hurt managers' efforts to shed an image of a cutthroat place focused mainly on cost reductions that boost the bottom line rather than growing the business more organically. Finally, Jefferies Group initiated coverage on shares of Kraft Heinz in a research note on Friday, January 19th. The company presently has an average rating of "Buy" and a consensus price target of $91.89.

The Kraft Heinz Company (KHC) finalized the Thursday at price of $72.71 after traded 7410879 shares. Trading volume for The Kraft Heinz Company was 7.41 Million in its previous trading session.

The Kraft Heinz Company (NASDAQ:KHC) yearly performance is -20.18% and net profit margin is 15.00%. The price volatility's Average True Range for 14 days was 1.55.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Friday, February 16th.

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Analysts await The Kraft Heinz Company (NASDAQ:KHC) to report earnings on Feb, 16 for the fiscal quarter ending Dec 2017. The business had revenue of $6.88 billion during the quarter, compared to analysts' expectations of $6.91 billion. Kraft Heinz shares are down 0.3% in Friday premarket trading, and down 16.7% for the past year. This represents a $2.50 annualized dividend and a dividend yield of 3.44%.

Even so, it's interesting to see short-sellers unencumbered by Buffett's presence in Kraft Heinz and the risk that it does soon announce a transaction.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock.

The company during the last trade was able to reach a volume of 1.05 million shares. GWM Advisors LLC purchased a new stake in shares of Kraft Heinz during the second quarter worth $137,000. Alliancebernstein L.P. now owns 2,658,122 shares of the company's stock valued at $227,642,000 after purchasing an additional 878,768 shares in the last quarter.

After cutting $1.7 billion in costs by the end of 2017, the world's fifth-largest food and beverage company is planning to ramp up spending in manufacturing, sales and distribution to help jump-start sluggish sales. Financial Counselors Inc. increased its position in shares of Kraft Heinz by 0.9% during the 2nd quarter. 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. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of US and global copyright and trademark legislation. If you are accessing this article on another site, it was illegally copied and republished in violation of USA & global copyright & trademark legislation.

The Kraft Heinz Company is a food and beverage company.

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