Kraft Heinz Co (KHC) To Go Ex-Dividend on August 20th

Kraft Heinz Co (NASDAQ:KHC) announced a quarterly dividend on Thursday, August 8th, NASDAQ reports. Investors of record on Wednesday, August 21st will be given a dividend of 0.40 per share on Friday, September 13th. This represents a $1.60 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend is Tuesday, August 20th.

Kraft Heinz has raised its dividend by an average of 4.0% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Kraft Heinz has a payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Kraft Heinz to earn $2.73 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 58.6%.

Kraft Heinz stock opened at $25.41 on Friday. The firm has a 50 day moving average of $30.36 and a 200 day moving average of $33.26. The firm has a market capitalization of $30.57 billion, a price-to-earnings ratio of 7.20, a P/E/G ratio of 2.50 and a beta of 0.74. Kraft Heinz has a 12-month low of $24.89 and a 12-month high of $61.68. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.58.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, August 8th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.07 billion. Kraft Heinz had a negative net margin of 43.40% and a positive return on equity of 6.06%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. On average, analysts predict that Kraft Heinz will post 2.71 EPS for the current year.

Several research firms recently issued reports on KHC. Credit Suisse Group set a $26.00 target price on shares of Kraft Heinz and gave the stock a “sell” rating in a report on Friday, August 9th. Piper Jaffray Companies raised shares of Kraft Heinz from an “underweight” rating to a “neutral” rating and set a $31.00 target price for the company in a report on Friday, May 31st. Wells Fargo & Co set a $29.00 price objective on shares of Kraft Heinz and gave the company a “hold” rating in a report on Friday, August 9th. UBS Group set a $30.00 price objective on shares of Kraft Heinz and gave the company a “hold” rating in a report on Friday, August 9th. Finally, Evercore ISI began coverage on shares of Kraft Heinz in a report on Tuesday, June 11th. They set an “in-line” rating and a $32.00 price objective for the company. Six analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. Kraft Heinz presently has an average rating of “Hold” and an average target price of $36.45.

About Kraft Heinz

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

Featured Story: Day Trading

Dividend History for Kraft Heinz (NASDAQ:KHC)

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.