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Bank of America Securities Sticks to Its Sell Rating for Kraft Heinz (KHC)

Tipranks - Tipranks - Tue Apr 14, 12:26PM CDT

Bank of America Securities analyst Peter Galbo maintained a Sell rating on Kraft Heinz on April 10 and set a price target of $21.00.

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Galbo covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, General Mills, and McCormick & Company. According to TipRanks, Galbo has an average return of -0.7% and a 43.70% success rate on recommended stocks.

In addition to Bank of America Securities, Kraft Heinz also received a Sell from Exane BNP Paribas’s Max Gumport in a report issued on April 9. However, on the same day, Wells Fargo maintained a Hold rating on 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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