Analyst Earnings Forecast Screen: The Kraft Heinz Company (KHC)

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Shares of Kraft Heinz Co (NASDAQ KHC) opened at $61.37 on Thursday. The company's beta value is at N/A. Analysts mean recommendation for the stock is 2.10. About 3.66M shares traded or 92.38% up from the average. Last quarter, the company saw 6.88 billion in total revenues. Finally, Truewealth LLC purchased a new position in shares of Heinz in the fourth quarter worth $143,000. BlackRock Inc. now owns 35,073,958 shares of the company's stock worth $2,727,351,000 after purchasing an additional 1,551,823 shares in the last quarter. If the $52.52 price target is reached, the company will be worth $2.67 billion less. Magellan Asset Management Ltd now owns 21,429,032 shares of the company's stock worth $1,666,322,000 after purchasing an additional 4,998,778 shares in the last quarter. Vident Investment Advisory LLC lifted its position in Kraft Heinz by 22.6% during the fourth quarter. Teachers Advisors LLC now owns 3,256,025 shares of the company's stock worth $253,189,000 after acquiring an additional 654,199 shares during the last quarter.

Several other hedge funds also recently made changes to their positions in the company.

In the transaction dated Jul. 02, 2015, the great number of shares acquired came courtesy the 10% Owner; Berkshire Hathaway Inc added a total of 325,442,152 shares at an average price of $72.96, amounting to approximately $23,744,259,410. Following the completion of the purchase, the director now owns 17,486 shares of the company's stock, valued at $1,053,881.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Jefferies Group initiated coverage on shares of Heinz in a research report on Friday, January 19th. The firm has "Buy" rating given on Monday, February 26 by Credit Suisse. Credit Suisse downgraded the stock to "Underperform" rating in Monday, April 16 report. Susquehanna Bancshares set a $80.00 target price on shares of Heinz and gave the stock a "hold" rating in a research report on Monday, February 12th. Royal Bank of Canada reiterated a "buy" rating and set a $77.00 price objective on shares of Heinz in a research note on Tuesday, April 24th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Heinz presently has a consensus rating of "Hold" and an average target price of $82.67. The stock becomes active when traders or investors changed hands with 2,922,802 shares contrast to the three-month volume average of 2.19M shares. For KHC, the company now has 1.63 billion of cash on the books, which is offset by 3.2 billion in current liabilities. The company has a market capitalization of $64,265.71, a PE ratio of 15.27, a PEG ratio of 1.78 and a beta of 0.61.

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When a stock is experiencing a downtrend, it makes consecutive lower lows as well as lower highs, making its price decline.

Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, May 2nd. Note, this compares with a consensus analyst forecast of 0.99 in earnings per share for its next fiscal quarterly report. With 6.35M avg volume, 4 days are for The Kraft Heinz Company (NASDAQ:KHC)'s short sellers to cover KHC's short positions. The high and low revenue estimates for the current quarter are $6.84 Billion and $6.52 Billion, respectively. Last quarter $0.90 earnings per share was reported. Comparatively, The Kraft Heinz Company posted earnings of $1.13 per share in the same quarter previous year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, May 18th will be issued a $0.625 dividend. The Return on Investment (ROI) ratio of The Kraft Heinz Company (KHC) is 5.4 percent.

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