The stock of Kraft Heinz Co (NASDAQ:KHC) is a huge mover today! About 1.18M shares traded hands. Kraft Heinz Co (NASDAQ:KHC) has risen 7.74% since April 5, 2016 and is uptrending. It has outperformed by 5.79% the S&P500.
The move comes after 6 months positive chart setup for the $109.79 billion company. It was reported on Nov, 8 by Barchart.com. We have $133.06 PT which if reached, will make NASDAQ:KHC worth $55.99B more.
Kraft Heinz Co (NASDAQ:KHC) Ratings Coverage
Out of 6 analysts covering Kraft Heinz (NASDAQ:KHC), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Kraft Heinz has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, March 16 the stock rating was upgraded by Goldman Sachs to “Conviction Buy”. As per Wednesday, April 27, the company rating was initiated by Argus Research. The rating was maintained by Argus Research with “Buy” on Wednesday, September 28. The stock has “Positive” rating given by Susquehanna on Friday, August 26. The firm has “Outperform” rating by Bernstein given on Thursday, July 30. The rating was upgraded by Vetr on Monday, August 17 to “Buy”. The stock of Kraft Heinz Co (NASDAQ:KHC) has “Neutral” rating given on Monday, October 26 by Susquehanna. On Tuesday, August 16 the stock rating was maintained by Credit Suisse with “Outperform”. The firm earned “Outperform” rating on Tuesday, July 21 by RBC Capital Markets.
According to Zacks Investment Research, “The Kraft Heinz Company is a food and beverage company. 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. The Kraft Heinz Company formerly known as Kraft Foods Group, Inc., is based in PITTSBURGH, United States.”
More notable recent Kraft Heinz Co (NASDAQ:KHC) news were published by: Reuters.com which released: “Kraft Heinz third-quarter sales dip 1.5 percent, below estimates” on November 03, 2016, also Post-Gazette.com with their article: “Kraft Heinz to close Lehigh Valley plant by Nov. 18” published on November 02, 2016, Usatoday.com published: “Kraft Heinz Company recalls 959 lbs of Lunchables” on October 10, 2016. More interesting news about Kraft Heinz Co (NASDAQ:KHC) were released by: Benzinga.com and their article: “Kraft Heinz Co Ripe For A Breakout: Vetr” published on October 20, 2016 as well as Bizjournals.com‘s news article titled: “Kraft Heinz adds director to board” with publication date: October 24, 2016.
KHC Company Profile
The Kraft Heinz Company (Kraft Heinz), incorporated on February 8, 2013, is a food and beverage company. The Firm 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 divisions include the United States, Canada and Europe. The Company’s remaining businesses are combined as Rest of World. The Rest of World consists of three divisions: Asia Pacific; Latin America, and Russia, India, the Middle East and Africa (RIMEA). The Firm provides products for various occasions whether at home, in restaurants or on the go. The Company’s brands include Heinz, Kraft, Oscar Mayer, Planters, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun and Ore-Ida. The Company’s products are sold through its own sales organizations and through independent brokers, agents and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, foodservice distributors and institutions, including hotels, restaurants, hospitals, health care facilities and certain government agencies.
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