Kraft Heinz counts famous U.S. investor Warren Buffet and Brazilian investment firm 3G Capital amongst its investors. The research firm Downgrade the stock to Neutral.
In pre-market trading Friday, Kraft Heinz shares rose 4.3 percent to $91.02 on hopes the companies may eventually merge. The stock grabbed 117 new institutional investments totaling 5,734,628 shares while 77 institutional investors sold out their entire positions totaling 5,996,332 shares.
The Share Centre's Ian Forrest thinks Kraft Heinz's decision to pounce on Unilever is likely driven by the weakness in sterling and the latter's fall in share price over the past six months. HIG right now sits at consensus rating of 2.70 while 6 analysts have advocated the shares as "BUY", 0 calls it an "OUTPERFORM" and 11 suggest "HOLD". The Kraft Heinz Company now has an average rating of Buy and a consensus price target of $98.95.
Multiple company employees have indulged in significant insider trading. The rally comes a day after the stock slumped 4.2% on the heels of the processed food giant's disappointing fourth-quarter results.
The Kraft Heinz Company (NASDAQ:KHC) performance during the last one year Improved 22.22 percent, while its year to date (YTD) performance showed a Negative trend of -0.05 percent. The Market Cap of the company stands at 110.95 Billion.
The Kraft Heinz Co, the fifth largest food and drinks manufacturer in the world, says it made significant gains in the final quarter of 2016 following cost savings. Enterprise Financial Services Corp raised its stake in The Kraft Heinz Company by 8.5% in the second quarter. The High end of the Estimate is $6.68 Billion, while the Low end of the Estimate is $6.4 Billion. KHC institutional ownership remained 86.60%. If you are accessing this article on another website, it was illegally copied and republished in violation of US & worldwide copyright legislation.
KHC has been the subject of a number of analyst reports.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 17th. This represents a change from the opening price of 2.71%.
Hedge funds and other institutional investors have recently modified their holdings of the company.
The Kraft Heinz Company is a food and beverage company. Kraft Heinz's own price-to-earnings ratio, based on the last recorded 12 months of profits, is just 19. Earlier the firm had a rating of "Positive " on the company shares.