Kraft Heinz (KHC) Receives a Hold from Wells Fargo

Wells Fargo analyst John Baumgartner maintained a Hold rating on Kraft Heinz (KHCResearch Report) on December 6. The company’s shares closed last Monday at $31.09.

According to TipRanks.com, Baumgartner is a 4-star analyst with an average return of 9.8% and a 65.4% success rate. Baumgartner covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Campbell Soup, and Beyond Meat.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Kraft Heinz with a $30.90 average price target.

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The company has a one-year high of $49.31 and a one-year low of $24.86. Currently, Kraft Heinz has an average volume of 7.18M.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KHC in relation to earlier this year.

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The Kraft Heinz Co. engages in the manufacture and market of food and beverage products. It operates through the following geographical segments: United States, Canada, EMEA, and Rest of the World. The Rest of the World segment is comprised of the Latin America and Asia Pacific segments.