The Kraft Heinz Company (NASDAQ:KHC) announced a quarterly dividend on Wednesday, November 1st, RTT News reports. Investors of record on Friday, November 17th will be given a dividend of 0.625 per share on Friday, December 15th. This represents a $2.50 dividend on an annualized basis and a yield of 3.23%.
The Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The Kraft Heinz’s revenue was up .7% compared to the same quarter last year.
KHC has been the topic of a number of research reports. BidaskClub lowered shares of The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $91.00 target price (down previously from $99.00) on shares of The Kraft Heinz in a research report on Monday, July 10th. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Saturday, July 29th. Finally, TheStreet raised shares of The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The Kraft Heinz presently has an average rating of “Buy” and a consensus target price of $93.69.
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The Kraft Heinz Company Profile
The Kraft Heinz Company is a food and beverage company. 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. The Company’s segments include the United States, Canada and Europe.
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