Kraft Heinz (KHC) Gets a Hold Rating from Evercore ISI

Evercore ISI analyst David Palmer maintained a Hold rating on Kraft Heinz (KHCResearch Report) yesterday and set a price target of $45.00. The company’s shares closed last Thursday at $37.19.

According to, Palmer is a 5-star analyst with an average return of 6.3% and a 62.3% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, BellRing Brands, and Hostess Brands.

Kraft Heinz has an analyst consensus of Hold, with a price target consensus of $41.68, a 13.3% upside from current levels. In a report issued on July 27, Goldman Sachs also upgraded the stock to Hold with a $37.00 price target.

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Based on Kraft Heinz’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.05 billion and net profit of $776 million. In comparison, last year the company earned revenue of $6.62 billion and had a GAAP net loss of $27 million.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KHC in relation to earlier this year.

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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.

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