Dividend Watching: Dec 16, 2016 will be the day that The Kraft Heinz Company (NASDAQ:KHC) dividends reach $0.60.

Dividend Watching: Dec 16, 2016 will be the day that The Kraft Heinz Company (NASDAQ:KHC) dividends reach $0.60.

The Kraft Heinz Company (NASDAQ:KHC) is expected to pay $0.60 on Dec 16, 2016. The indicated annual dividend is $2.40. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on The Kraft Heinz Company’s current price of $83.22, the dividend is 0.72%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 4, 2016. The stock increased 0.33% or $0.27 during the last trading session, hitting $83.22. Kraft Heinz Co (NASDAQ:KHC) has risen 5.74% since April 26, 2016 and is uptrending. It has outperformed by 0.48% the S&P500.

The Kraft Heinz Company is a food and beverage company. The company has a market cap of $101.93 billion. 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. It has a 36.47 P/E ratio. The Company’s divisions include the United States, Canada and Europe.

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. The stock has “Conviction Buy” rating given by Goldman Sachs on Wednesday, March 16. Vetr upgraded Kraft Heinz Co (NASDAQ:KHC) rating on Monday, August 17. Vetr has “Buy” rating and $85.48 price target. The firm has “Outperform” rating by Bernstein given on Thursday, July 30. RBC Capital Markets initiated Kraft Heinz Co (NASDAQ:KHC) on Tuesday, July 21 with “Outperform” rating. The rating was maintained by Susquehanna on Friday, August 26 with “Positive”. Argus Research maintained the shares of KHC in a report on Wednesday, September 28 with “Buy” rating. The stock of Kraft Heinz Co (NASDAQ:KHC) earned “Neutral” rating by Susquehanna on Monday, October 26. The stock of Kraft Heinz Co (NASDAQ:KHC) has “Outperform” rating given on Tuesday, August 16 by Credit Suisse. On Wednesday, April 27 the stock rating was initiated by Argus Research with “Buy”.

More news for Kraft Heinz Co (NASDAQ:KHC) were recently published by: Businesswire.com, which released: “The Kraft Heinz Company Recommends Stockholders Reject ‘Mini-Tender’ Offer by …” on November 16, 2016. Wsj.com‘s article titled: “Kraft Heinz Profit Helped by Cost Cuts” and published on November 03, 2016 is yet another important article.

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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