A Fresh Look At The Kraft Heinz Company (NASDAQ:KHC)

17 February, 2018, 01:45 | Author: Natasha Holloway
  • The Segment Wealth Management LLC Has $254000 Stake in The Kraft Heinz Company (KHC)

Kraft Heinz Co (NASDAQ:KHC) stock was sliding on Friday following the release of its earnings report for the fourth quarter of 2017.

Shares of Kraft Heinz (KHC) traded up $0.79 during trading hours on Thursday, hitting $72.71. The company's market cap is $88.83 Billion, and the average volume is $3.89 Million.

Newly-appointed CFO David Knopf said Kraft Heinz will invest $300 million in its workforce and brands, $800 million in capital expenditures, and another $1.3 billion in pension plans, citing the benefits of the new tax law.

A number of other hedge funds and other institutional investors also recently modified their holdings of KHC.

Analysts await The Kraft Heinz Company (NASDAQ:KHC) to report earnings on Feb, 16 for the fiscal quarter ending Dec 2017.

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Net sales edged up 0.3 per cent from a year ago to $6.88 billion (€5.5bn), a shade below analysts' estimates and including a 0.9 percentage point benefit from currency moves. As the current market price of the stock is $54.65 and diluted EPS for the trailing twelve month is 5.61, the P/E ratio for the stock comes out as 9.75. Kraft Heinz presently has a consensus rating of "Buy" and an average target price of $91.35. Short-term as well long term shareholders always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.30 as current ratio and on the opponent side the debt to equity ratio was 0.34 and long-term debt to equity ratio also remained 0.29. During the same period in the previous year, the business earned $0.08 earnings per share. The volume of the company in the last trading session was 3.49 Million.

"As expected, our second quarter results were sequentially better than our first quarter, and we expect this momentum to continue into the second half of the year", said Kraft Heinz CEO Bernardo Hees. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company's stock worth $139,000 after purchasing an additional 100 shares during the period. Comerica Securities Inc. boosted its position in shares of Kraft Heinz by 0.3% during the 2nd quarter. Analysts' mean recommendation for the stock is 2.40 (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). V Wealth Management LLC acquired a new position in The Kraft Heinz in the 2nd quarter worth $125,000. The Return on Investment and Return on Equity (ROE) values are 15 percent and 28 percent, respectively.

Kraft Heinz, which was formed in 2015 after a $100bn deal masterminded by Warren Buffett and Brazilian firm 3G Capital, suggested on Thursday that it could be looking towards making some merger and acquisition splashes in the future when Hees told investors that changes in the industry had continued to apply pressure for further consolidation, saying "we will continue to generate opportunities for us to expand our portfolio". During such technical setups, fundamental investors usually stay away and are careful buying the stock.

COPYRIGHT VIOLATION NOTICE: This report was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another website, it was stolen and reposted in violation of US and worldwide copyright & trademark legislation. "Kraft Heinz is one of the big dogs, therefore it gets a lot of the proportional short interest". The Company's products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

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