UBS Maintains Kraft Heinz Co to Buy with Price Target $98.00

Brokerage firm UBS Maintains its rating on Kraft Heinz Co(NASDAQ:KHC). In a research note issued to the investors, the brokerage major Raises the price-target to $98.00 per share. The shares have been rated Buy. The rating by UBS was issued on Aug 5, 2016.

In a different note, On Aug 5, 2016, Deutsche Bank said it Upgrades its rating on Kraft Heinz Co. The shares have been rated ‘Buy’ by the firm.

Kraft Heinz Co (KHC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.51% or 0.45 points. Due to strong positive momentum, the stock ended at $89.41, which is also near the day’s high of $89.47. The stock began the session at $89.05 and the volume stood at 18,32,898 shares. The 52-week high of the shares is $90.49 and the 52 week low is $61.42. The company has a current market capitalization of $108,870 M and it has 1,21,76,50,870 shares in outstanding.

Kraft Heinz Co has also declared a cash dividend of $0.6000 on Aug 4, 2016. The shares will quote ex-dividend on Aug 24, 2016 and the record date has been fixed on Aug 26, 2016. The dividend payable date has been fixed on Oct 7, 2016.

Kraft Heinz Co(KHC) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $6.79B. Analysts had an estimated revenue of $4.70B. Earnings per share were $0.85.

Several Insider Transactions has been reported to the SEC. On Nov 20, 2015, Jeanne P Jackson (director) purchased 4,330 shares at $75.40 per share price.

The Kraft Heinz Company formerly H.J. Heinz Holding Corporation is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Company’s brands include Kraft Heinz ABC Capri Sun Classico Jell-O Kool-Aid Lunchables Maxwell House Ore-Ida Oscar Mayer Philadelphia Planters Plasmon Quero Weight Watchers Smart Ones and Velveeta.

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