Supply constraints to weigh on Kraft Heinz 1st-qtr results

Weak U.S. demand weighs on Kraft Heinz's revenue

The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02.

The Kraft Heinz Company (KHC) stock managed performance 1.58% over the last week and switched with performance of -9.19% throughout past one month period. Ltd. boosted its stake in The Kraft Heinz by 287.9% in the 2nd quarter. Martingale Asset Management L P now owns 2,724 shares of the company's stock worth $234,000 after purchasing an additional 13 shares during the last quarter. Analyzing the last five market sessions, the stock was able to report 1.58% gains, thus going down by -11.83%, compared with its 200-day moving average of $79.6. Short-term as well long term shareholders always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.30 as current ratio and on the opponent side the debt to equity ratio was 0.34 and long-term debt to equity ratio also remained 0.29. Sales were $6.88 billion, up from $6.86 billion a year ago and below the $6.91 billion FactSet consensus.

But for the fourth quarter, sales in the U.S., Kraft Heinz' biggest market, fell 1.1% to $4.79 billion, declining for the seventh straight quarter and missing analysts' average estimate of $4.81 billion. When we look at the Volatility of the company, Week Volatility is at 2.37% whereas Month Volatility is at 2.10%. Retirement Systems of Alabama's holdings in Kraft Heinz were worth $22,499,000 as of its most recent filing with the Securities & Exchange Commission.

On 15 February 2018, Fossil Group, Inc. Analysts' mean recommendation for the stock is 2.40 (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

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The company also said it had met its target of reducing costs by $1.7 billion by the end of past year. The biggest holder now is Mr. Francisco Sa Neto who owns 548,945 shares (0.05% of those outstanding), whilst W. Anthony Vernon holds 199,548 (0.02% of shares outstanding) and Georges El-Zoghbi holds 170,923 (0.01% of shares outstanding).

Kraft Heinz Co notes that the slow growth for its revenue was due to slumping sales in the U.S. The company saw its U.S. sales decline by $1.1% during the quarter when compared to U.S. sales from the same time previous year. They issued a "buy" rating and a $95.00 target price on the stock. The business had revenue of $6.88 billion during the quarter, compared to analysts' expectations of $6.91 billion.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of US and global copyright and trademark legislation.

Even so, it's interesting to see short-sellers unencumbered by Buffett's presence in Kraft Heinz and the risk that it does soon announce a transaction. If you are accessing this article on another site, it was illegally copied and republished in violation of U.S. & worldwide copyright & trademark legislation. The Company 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 segments include the United States, Canada and Europe.

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