Kraft Heinz (NASDAQ:KHC) Now Covered by Morgan Stanley

Investment analysts at Morgan Stanley began coverage on shares of Kraft Heinz (NASDAQ:KHC) in a report issued on Monday, MarketBeat reports. The brokerage set an “underweight” rating and a $29.00 price target on the stock. Morgan Stanley’s price objective suggests a potential downside of 0.34% from the company’s previous close.

Other research analysts also recently issued reports about the company. TD Cowen cut their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. UBS Group cut their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays decreased their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Mizuho lowered Kraft Heinz from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $38.00 to $31.00 in a research report on Monday, February 10th. Finally, Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.73.

Kraft Heinz Stock Down 0.1 %

Shares of KHC stock opened at $29.10 on Monday. The company has a 50 day simple moving average of $29.93 and a two-hundred day simple moving average of $31.80. The stock has a market cap of $34.77 billion, a P/E ratio of 12.88, a P/E/G ratio of 3.39 and a beta of 0.40. Kraft Heinz has a 12 month low of $27.25 and a 12 month high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. On average, research analysts expect that Kraft Heinz will post 2.68 earnings per share for the current year.

Institutional Trading of Kraft Heinz

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sawyer & Company Inc bought a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new position in Kraft Heinz during the 4th quarter valued at $26,000. Mountain Hill Investment Partners Corp. bought a new position in Kraft Heinz in the 4th quarter valued at $29,000. Larson Financial Group LLC increased its stake in Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 636 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Kraft Heinz during the fourth quarter worth $34,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.