Kraft Heinz quarterly profit, sales miss estimates

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The brokerage now has a buy rating on the stock.

Analysts await The Kraft Heinz Company (NASDAQ:KHC) to report earnings on Feb, 16 for the fiscal quarter ending Dec 2017. Jefferies Group initiated coverage on Kraft Heinz in a research note on Friday, January 19th. Stifel Nicolaus has "Buy" rating and $95.0 target. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Kraft Heinz presently has an average rating of "Buy" and a consensus target price of $91.89. The company has market cap of $84.32 billion. Kraft Heinz Co has a 12 month low of $70.25 and a 12 month high of $97.77. When it comes to P/B Ratio, it is basically known as a ratio that can be used to compare the market value of a stock to its book value.

The Average True Range was recorded at 1.59.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Friday, February 16th. According to the Analysts, the Low Earnings estimate for the current quarter is $0.87, while the High earnings estimate is $1.01.Comparatively, EPS for the same quarter previous year was $1. The Return on Investment and Return on Equity (ROE) values are 15 percent and 28 percent, respectively. They missed analysts' average estimate of $4.81 billion, according to Thomson Reuters I/B/E/S.

In terms of earnings per share, 14 analysts have a 0.94 EPS mean target for the quarter ending Mar-18, for the quarter ending Jun-18, 14 analysts have a 1.05 EPS mean target and for the quarter ending Jun-18 there are 21 estimates of 3.96 EPS. The co has dividend yield of 3.48% that is also considered as effective indicator. Still, Kraft Heinz CEO Bernardo Hees has expressed confidence in the future of these brands, despite changing consumer sentiment.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kraft Heinz attempted to acquire Unilever early a year ago, but the deal leaked and Unilever appeared to be put off by Kraft Heinz's now infamous cost-cutting approach to management. Ltd. now owns 1,280 shares of the company's stock worth $110,000 after purchasing an additional 950 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Kraft Heinz by 49.4% in the 2nd quarter.

Net income rose to $8 billion or $6.52 a share, reflecting a benefit from the U.S. tax overhaul. Commerce Bank increased its position in shares of Kraft Heinz by 1.8% during the second quarter.

The company, which owns brands such as Velveeta cheese and Heinz ketchup, said net sales inched up 0.3 percent to $6.88 billion, missing estimates of $6.92 billion.

By taking a look at the stock's current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. The Kraft Heinz Company formerly known as Kraft Foods Group, Inc., is based in PITTSBURGH, United States. For that goal, you will have to understand the concept of Moving Average (MA), as it is one of the most important technical indicators to measure stock activity in the market via a table, diagram or chart. The Kraft Heinz Company (NASDAQ:KHC) has a 20-Day average volume of 4.86 Million. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of USA and global copyright and trademark legislation.

Even so, it's interesting to see short-sellers unencumbered by Buffett's presence in Kraft Heinz and the risk that it does soon announce a transaction.

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