Sunday, 24 June, 2018

Kraft Heinz Co (KHC) Q4 Earnings Disappoint As Profit & Revenue Fall Short

Kraft Heinz profit sales miss Wall Street estimates Modal Trigger Getty Images
| 17 February, 2018, 01:44

However, at the Wall Street, the shares for the company has been tagged a $89.86 price target, indicating that the shares will rally 23.59% from its current levels.

Other hedge funds have also recently made changes to their positions in the company.

Sales in the US, the company's biggest market, fell 1.1 percent to $4.79 billion, declining for the seventh straight quarter and also missing analysts' average estimate of $4.81 billion, according to Thomson Reuters I/B/E/S. Alliancebernstein L.P. now owns 2,658,122 shares of the company's stock worth $227,642,000 after purchasing an additional 878,768 shares during the last quarter.

KHC stock was down 3% as of Friday afternoon. On average, equities analysts forecast that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year. Alliancebernstein L.P. increased its position in shares of Kraft Heinz by 49.4% during the 2nd quarter.

McDonald's Corporation (NYSE:MCD) shares price collapsed -1.48% during latest trading session.

Shares of Kraft Heinz Co (NASDAQ KHC) traded up $0.79 during mid-day trading on Friday, hitting $72.71. The company now has a consensus rating of "Buy" and an average target price of $91.89. Analyzing the last five market sessions, the stock was able to report 1.58% gains, thus going down by -11.83%, compared with its 200-day moving average of $79.6. The Kraft Heinz Company has a one year low of $76.12 and a one year high of $97.77. KHC received interesting focus from Active Investors and it has been trading on front line as seeing to it recent volume. Jefferies Group started coverage on Kraft Heinz in a report on Friday, January 19th.


Investors could set buy and sell price points around target prices to maximize returns.

The consensus opinion is that Kraft Heinz probably needs to do a deal to show any meaningful growth in the near future, but management is clearly still struggling to find large companies willing to sell to it after Unilever snubbed an approach that leaked to the press early a year ago, leaving some egg on the faces of Buffett and 3G.

Total shares held by institutions as of the most recent company filings are 1,374,211,298 with a reported 31,001,985 bought and 29,816,628 sold. BidaskClub raised Kraft Heinz from a "sell" rating to a "hold" rating in a report on Friday, November 10th. Cerebellum GP LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter worth $124,000.

WARNING: "Retirement Systems of Alabama Has $22.50 Million Holdings in Kraft Heinz Co (KHC)" was published by The Lincolnian Online and is owned by of The Lincolnian Online.

TRADEMARK VIOLATION WARNING: "Kraft Heinz (KHC) Given a $100.00 Price Target at Bank of America" was first posted by Week Herald and is the property of of Week Herald.

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". The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products.

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