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Kraft Heinz (KHC) Receives a Hold from Bernstein

Tipranks - Tipranks - Mon Mar 23, 9:10AM CDT

Bernstein analyst Alexia Burland Howard maintained a Hold rating on Kraft Heinz on March 20 and set a price target of $27.00. The company’s shares closed last Friday at $21.57.

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Burland Howard covers the Consumer Defensive sector, focusing on stocks such as Mondelez International, JM Smucker, and McCormick & Company. According to TipRanks, Burland Howard has an average return of -8.3% and a 36.49% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Kraft Heinz with a $23.64 average price target.

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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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