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Kraft Heinz (KHC) Receives a Hold from Wells Fargo

Tipranks - Tipranks - Fri Apr 10, 2:28AM CDT

In a report released today, Christopher Carey from Wells Fargo maintained a Hold rating on Kraft Heinz, with a price target of $23.00.

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Carey covers the Consumer Defensive sector, focusing on stocks such as Conagra Brands, Church & Dwight, and Clorox. According to TipRanks, Carey has an average return of 1.4% and a 47.70% success rate on recommended stocks.

In addition to Wells Fargo, Kraft Heinz also received a Hold from UBS’s Peter Grom in a report issued on April 7. However, on March 25, J.P. Morgan assigned a Sell rating to Kraft Heinz (NASDAQ: KHC).

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Based on Kraft Heinz’s latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $6.35 billion and a net profit of $651 million. In comparison, last year the company earned a revenue of $6.58 billion and had a net profit of $2.13 billion

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