Kraft Heinz’s (KHC) Sell Rating Reiterated at Citigroup

Kraft Heinz (NASDAQ:KHC)‘s stock had its “sell” rating reiterated by research analysts at Citigroup in a research note issued on Friday,Benzinga reports. They currently have a $27.00 price objective on the stock, down from their prior price objective of $28.00. Citigroup’s target price indicates a potential downside of 12.37% from the stock’s previous close.

Several other research analysts have also recently weighed in on KHC. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their price target for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. UBS Group cut their price target on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group reduced their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group decreased their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.67.

Kraft Heinz Trading Up 2.3 %

Kraft Heinz stock opened at $30.81 on Friday. Kraft Heinz has a 52 week low of $27.25 and a 52 week high of $38.96. The stock has a 50-day moving average price of $30.09 and a 200 day moving average price of $31.60. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $36.77 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Sell-side analysts anticipate that Kraft Heinz will post 2.68 EPS for the current year.

Hedge Funds Weigh In On Kraft Heinz

Institutional investors and hedge funds have recently bought and sold shares of the company. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new stake in Kraft Heinz during the fourth quarter worth $26,000. Mountain Hill Investment Partners Corp. acquired a new stake in Kraft Heinz during the fourth quarter worth $29,000. R Squared Ltd purchased a new stake in Kraft Heinz in the fourth quarter valued at $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of Kraft Heinz in the 4th quarter valued at $36,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.