Kraft Heinz Co (KHC) Looking To Gain Traction: What the Technicals Reveal

Kraft Heinz Co (KHC) Looking To Gain Traction: What the Technicals Reveal

Kraft Heinz Co (KHC) Looking To Gain Traction: What the Technicals Reveal

A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future.

The Pittsburgh-based packaged foods giant reported Q2 earnings per share (EPS) of $0.90, which was $0.05 worse than the Wall Street consensus estimate of $0.95.

The Kraft Heinz Company (KHC) is expected to post revenue of $6.58 Billion in the current quarter, according to consensus of 12 analysts.

Kraft Heinz said several of these problems are likely to persist this year.

Revenues rose 0.3% from past year to $6.88 billion, also falling just short of analysts' view for $6.92 billion.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.625 dividend. The co has dividend yield of 3.48% that is also considered as effective indicator. Kraft Heinz's payout ratio is now 77.88%.

KHC has been the topic of a number of research analyst reports. Bank of America set a $100.00 price objective on Kraft Heinz and gave the company a "buy" rating in a research report on Thursday.

"After looking at the company's slide presentation yesterday, one might have come away with the impression that KHC is firing on all cylinders; today's print was a reminder that the company still has a long way to go before this is the case", JP Morgan analyst Ken Goldman said.

Kraft Heinz (NASDAQ:KHC) has insider ownership of 26.87% and institutional ownership of 61.93%. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. If the $65.74 price target is reached, the company will be worth $4.22 billion less. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".

The company's shares were down 3.3 percent in afternoon trading. Magellan Asset Management Ltd now owns 21,429,032 shares of the company's stock worth $1,666,322,000 after buying an additional 4,998,778 shares during the last quarter. Ropes Wealth Advisors LLC boosted its position in shares of Kraft Heinz by 0.4% during the second quarter.

On 9/20/2016 Global Food Holdings Lp 3G, Major Shareholder, sold 2,808,371 with an average share price of $87.05 per share and the total transaction amounting to $244,468,695.55. Mountain Capital Investment Advisors Inc acquired a new position in Kraft Heinz during the second quarter valued at approximately $121,000.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The trading company has the Market Cap of $3366.86 (this value is in millions, otherwise mentioned), which is an indicator that can be used by the financial organization to rank the size of companies in the stock exchange market.

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David Knopf, Kraft Heinz CFO, added: "Since the HR-1 Tax Cuts and Jobs Act was signed into law, we have already taken actions and are accelerating key business initiatives". The Company's segments include the United States, Canada and Europe.

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