Kraft Heinz (KHC) Gets a Sell from Bank of America Securities

Bank of America Securities analyst Peter Galbo reiterated a Sell rating on Kraft Heinz today and set a price target of $23.00.

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Galbo covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, Primo Brands, and Tyson Foods. According to TipRanks, Galbo has an average return of 2.1% and a 53.64% success rate on recommended stocks.

In addition to Bank of America Securities, Kraft Heinz also received a Sell from Bernstein’s Alexia Burland Howard in a report issued on June 30. However, on July 8, Wells Fargo maintained a Hold rating on Kraft Heinz (NASDAQ: KHC).

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 neutral on the stock. Last month, Diana Frost, the Glbl Chief Growth Officer of KHC sold 18,502.00 shares for a total of $426,471.10.