Published: Sat, February 17, 2018
Finance | By Cynthia Curry

Kraft Heinz Co (KHC) Q4 Earnings Disappoint As Profit & Revenue Fall Short

Kraft Heinz Co (KHC) Q4 Earnings Disappoint As Profit & Revenue Fall Short

But for the fourth quarter, sales in the U.S., Kraft Heinz' biggest market, fell 1.1% to $4.79 billion, declining for the seventh straight quarter and missing analysts' average estimate of $4.81 billion. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.86% with $600.73 Million sitting short, betting on future declines.

The Kraft Heinz Company is a food and beverage company.

KHC stock was down 3% as of Friday afternoon.

Total shares held by institutions as of the most recent company filings are 1,374,211,298 with a reported 31,001,985 bought and 29,816,628 sold. Jefferies Group initiated coverage on Kraft Heinz in a research report on Friday, January 19th. They set a "buy" rating and a $95.00 price objective on the stock. Analysts' mean recommendation for the stock is 2.40 (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Shares of Kraft Heinz (KHC) traded up $0.79 during trading hours on Thursday, hitting $72.71. Considering that the stock recent volume of 7410879 shares, this represents a pretty noteworthy trading in volume size. Kraft Heinz has a 1-year low of $70.25 and a 1-year high of $97.77. The company has a market capitalization of $94.17 billion, a PE ratio of 24.78 and a beta of 0.44.

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The company's ATR (Average True Range) is 0.7.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Friday, February 16th. USA sales dropped 1.1% to $4.79 billion, marking the seventh straight quarter of decline for the company's biggest market, and missing analyst estimates of $4.81 billion. The Return on Investment and Return on Equity (ROE) values are 15 percent and 28 percent, respectively. The firm's revenue for the quarter was down 1.7% compared to the same quarter previous year.

They expect $0.96 EPS, up 5.21% or $0.05 from last year's $0.91 per share.

According to 12 analysts, the Average Revenue Estimate for the current Fiscal quarter is $6.58 Billion and the Low Revenue estimate is $6.5 Billion, while the High Revenue estimate is $6.72 Billion.

David Knopf, Kraft Heinz CFO, added: "Since the HR-1 Tax Cuts and Jobs Act was signed into law, we have already taken actions and are accelerating key business initiatives". Private Wealth Advisors Inc. increased its position in shares of Kraft Heinz by 19.9% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company's stock worth $127,000 after purchasing an additional 8 shares during the period. GWM Advisors LLC purchased a new stake in shares of Kraft Heinz during the second quarter worth $137,000. The institutional investor owned 99,546 shares of the company's stock after selling 977 shares during the period. The Average Volume is a very popular concept in capital markets, which is generally used as the number of shares that shuffles during the daily activity in the stock market. Linscomb & Williams Inc. boosted its position in shares of Kraft Heinz by 0.3% during the 2nd quarter. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of USA and worldwide copyright and trademark legislation. If you are viewing this report on another site, it was illegally stolen and republished in violation of USA & global copyright laws.

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