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Bernstein Sticks to Their Sell Rating for Kraft Heinz (KHC)

Tipranks - Fri Jun 12, 4:44AM CDT

Bernstein analyst Alexia Burland Howard maintained a Sell rating on Kraft Heinz yesterday and set a price target of $21.00. The company’s shares closed yesterday at $24.05.

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Burland Howard covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, General Mills, and Kraft Heinz. According to TipRanks, Burland Howard has an average return of -8.5% and a 40.49% success rate on recommended stocks.

Kraft Heinz has an analyst consensus of Moderate Sell, with a price target consensus of $22.13.

Based on Kraft Heinz’s latest earnings release for the quarter ending March 28, the company reported a quarterly revenue of $6.05 billion and a net profit of $798 million. In comparison, last year the company earned a revenue of $6 billion and had a net profit of $712 million

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KHC in relation to earlier this year. Last month, Steven Cahillane, the CEO of KHC bought 213,106.00 shares for a total of $4,999,466.76.

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