In a report released yesterday, Kenneth Goldman from J.P. Morgan maintained a Hold rating on Kraft Heinz (KHC – Research Report), with a price target of $44.00. The company’s shares closed yesterday at $42.56.
Goldman covers the Consumer Goods sector, focusing on stocks such as JM Smucker, Hain Celestial, and Tyson Foods. According to TipRanks, Goldman has an average return of 9.3% and a 60.65% success rate on recommended stocks.
Kraft Heinz has an analyst consensus of Moderate Buy, with a price target consensus of $42.70, which is a 0.33% upside from current levels. In a report released on January 3, Wells Fargo also initiated coverage with a Hold rating on the stock with a $43.00 price target.
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Based on Kraft Heinz’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.51 billion and a net profit of $432 million. In comparison, last year the company earned a revenue of $6.32 billion and had a net profit of $733 million
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The Kraft Heinz Company is one of the world’s leading consumer packaged food and beverage companies. The company engages in manufacturing and marketing food and beverage products including condiments and sauces, dairy, meats, meals, refreshment beverages, coffee, and other grocery products.
Read More on KHC:
- Kraft Heinz price target raised to $50 from $48 at Mizuho
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Kraft Heinz initiated with an Equal Weight at Wells Fargo
- Kraft Heinz call volume above normal and directionally bullish
- Kraft Heinz price target raised to $41 from $38 at Morgan Stanley