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Barclays Sticks to Its Hold Rating for Kraft Heinz (KHC)

Tipranks - Tipranks - Mon Feb 23, 3:32AM CST

In a report released on February 20, Andrew Lazar from Barclays maintained a Hold rating on Kraft Heinz, with a price target of $25.00. The company’s shares closed last Friday at $24.40.

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Lazar covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, McCormick & Company, and Post Holdings. According to TipRanks, Lazar has an average return of 1.0% and a 51.98% success rate on recommended stocks.

In addition to Barclays, Kraft Heinz also received a Hold from Evercore ISI’s David Palmer in a report issued on February 20. However, on February 17, Morgan Stanley maintained a Sell 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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