Kraft Heinz profit tops estimates as costs fall

Posted February 17, 2017

KHC has been the topic of several other reports. Shares surged 0.25% to trade at $90.81 in most recent trading session. They issued a "buy" rating and a $103.00 price objective for the company.

The Kraft Heinz Company's (KHC) stock price escalated 0.31% to finalize at $91.10 throughout previous buying and selling session. It has price to book ratio of 1.92, which gauges the market price of a share over its book value. 10 analysts projected on average Earnings. Current price places the company's stock 4.27% away from its 200-day simple moving average, 6.6%, away from the 50-day average and also 4.45% away from 20-day average. The last close places the company's stock about $4.02 off its 52 week high of $91.3 and $15.46 above the 52 week low of $71.82. The Market Cap of the company stands at 110.61 Billion.

The Kraft Heinz Company (NASDAQ:KHC) posted earnings of $0.86/Share in the previous quarter, as compared to earnings of $0.81/share estimated by analysts. The reported EPS was $0.04 off from the consensus, or a surprise factor of 4.6%.

Analysts on average had expected a profit of 88 cents per share and revenue of $6.74 billion, according to Thomson Reuters. Presently, it has a Return on Equity (ROE) of 4.80% and Return on Investment (ROI) of 2.70%.

At the movement The Kraft Heinz Company (NASDAQ:KHC) is under coverage by number of analysts.

(NASDAQ:AIMC) announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.15 per share for the first quarter of 2017. Shareholders of record on Friday, December 2nd were paid a $0.60 dividend. The ex-dividend date is Wednesday, March 1st. This represents a $2.40 annualized dividend and a yield of 2.75%. The Kraft Heinz Company's payout ratio is 105.26%. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and global copyright and trademark law. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/02/16/the-kraft-heinz-company-khc-earns-hold-rating-from-bmo-capital-markets.html. It has 1.22B of outstanding shares and its shares float measured at 1.22B. Suntrust Banks Inc. now owns 626,052 shares of the company's stock valued at $56,037,000 after buying an additional 251,139 shares in the last quarter. Susquehanna Bancshares Inc cut shares of The Kraft Heinz Company from a positive rating to a neutral rating in a research note on Thursday. A total of 3.06 million shares exchanged at hands and its average trading volume is standing at 2.74 million shares. Bollard Group LLC boosted its stake in shares of The Kraft Heinz Company by 815.4% in the third quarter.

The company's consensus rating on Reuter's scale improved from 1.94 to 2 during a month. CWM LLC boosted its stake in shares of The Kraft Heinz Company by 21.9% in the third quarter. Armbruster Capital Management Inc. now owns 1,628 shares of the company's stock worth $146,000 after buying an additional 19 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of The Kraft Heinz Company by 129.0% in the third quarter.

Several other hedge funds have also modified their holdings of the stock.

The world's fifth-largest food and beverage company has been forced to adjust its products as shoppers prefer fresher items and those perceived to be healthier over packaged foods.

Moreover, KHC's investments in the core categories such as sauces worldwide including pasta sauce in Canada and Latin America, green cheese and mac & cheese in the United States, UK beans, baby food in Italy, and in Australia, beverage has led to the better market share trends over the course of the year. The U.S., the company's biggest market, posted a 3.1% retreat, while Europe fell 13.3%.