Merrill Lynch Keeps a Hold Rating on Kraft Heinz (KHC)

In a report issued on November 1, Bryan Spillane from Merrill Lynch maintained a Hold rating on Kraft Heinz (KHCResearch Report), with a price target of $34.00. The company’s shares closed last Monday at $32.91.

According to, Spillane is a 3-star analyst with an average return of 3.8% and a 52.6% success rate. Spillane covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Constellation Brands, and Campbell Soup.

Currently, the analyst consensus on Kraft Heinz is a Hold with an average price target of $30.64, which is a -8.0% downside from current levels. In a report issued on October 31, Wells Fargo also maintained a Hold rating on the stock.

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Based on Kraft Heinz’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.41 billion and net profit of $449 million. In comparison, last year the company earned revenue of $6.38 billion and had a net profit of $630 million.

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.