UPDATE: Stifel Upgrades Kraft Heinz Company (KHC) to Buy

Kraft Heinz (KHC) Further 'Underperformance Seems Unlikely'

Kraft Heinz (NASDAQ: KHC) reported results Wednesday, topping earnings and revenue expectations, but its share price closed the session 5.95% lower.

However, analysts at Stifel and Goldman Sachs upgraded the stock, with one stating that further underperformance seems unlikely.

Goldman Sachs analyst Jason English said in a note to investors that following the results, they were surprised the stock sold... More

Kraft Heinz Company (KHC) PT Lowered to $42 at JPMorgan

JPMorgan analyst Ken Goldman lowered the price target on Kraft Heinz Company (NASDAQ: KHC) to $42.00 (from $46.00) while maintaining a Neutral rating.... More

Goldman Sachs Upgrades Kraft Heinz Company (KHC) to Neutral

Goldman Sachs analyst Jason English upgraded Kraft Heinz Company (NASDAQ: KHC) from Sell to Neutral with a price target of $37.00.

The analyst comments "KHC reported a roughly in-line quarter with organic sales beating while gross margins missed, as has been the common pattern in Food this quarter. As a result, it raised its full year sales outlook, while keeping EBITDA... More

Kraft Heinz (KHC) Stock Tumbles But Results 'As Expected' State Analysts

Kraft Heinz (NASDAQ: KHC) shares are down Wednesday after it reported earnings for its latest quarter before the open.

Despite topping estimates, posting second-quarter earnings of $0.70 per share, $0.02 better than the analyst estimate of $0.68, its shares have tumbled more than 7%. Revenue for the quarter also beat estimates, coming in at $6.6 billion versus the $6.38 billion expected.

However, EBITDA of $1.52 billion... More

Kraft Heinz (KHC) Declares $0.40 Quarterly Dividend; 4.1% Yield

Kraft Heinz (NASDAQ: KHC) declared a quarterly dividend of $0.40 per share, or $1.6 annualized.

The dividend will be payable on September 23, 2022, to stockholders of record on August 26, 2022, with an ex-dividend date of August 25, 2022.

The annual yield on the dividend is 4.1... More

Kraft Heinz raises annual sales forecast on higher prices

(Reuters) - Kraft Heinz Co raised its forecast for annual organic sales growth and beat quarterly estimates on Wednesday, helped by higher prices for the Heinz ketchup maker's packaged meals and condiments.

Pandemic-induced disruptions to the global supply chain and surging raw material costs forced Kraft Heinz, like other packaged food makers, to increases prices... More

Kraft Heinz (KHC) Tops Q2 EPS by 2c

Kraft Heinz (NASDAQ: KHC) reported Q2 EPS of $0.70, $0.02 better than the analyst estimate of $0.68. Revenue for the quarter came in at $6.6 billion versus the consensus estimate of $6.38 billion.

Outlook:

The Company continues to expect strong financial performance in 2022. The Company is... More

Kraft Heinz (KHC) July weekly (29) option implied volatility at 67 into quarter results

Kraft Heinz (NASDAQ: KHC) July weekly (29) call option implied volatility is a 67, August is at 35; compared to its 52-week range of 19 to 35 into the expected release of quarter results before the bell on July 27.

Kraft Heinz (KHC) July weekly 38 straddle priced into quarter results

Kraft Heinz (NASDAQ: KHC) July weekly 38 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on July 27.