Kraft Heinz (KHC) Receives a Hold from TD Cowen
TD Cowen analyst Robert Moskow maintained a Hold rating on Kraft Heinz (KHC – Research Report) today and set a price target of $27.00. The company's shares closed yesterday at $27.90.
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According to TipRanks, Moskow is a 3-star analyst with an average return of 2.1% and a 46.09% success rate. Moskow covers the Consumer Defensive sector, focusing on stocks such as Mondelez International, Vital Farms, and McCormick & Company.
In addition to TD Cowen, Kraft Heinz also received a Hold from Barclays's Andrew Lazar in a report issued today. However, on the same day, Morgan Stanley maintained a Sell rating on Kraft Heinz (NASDAQ: KHC).
Based on Kraft Heinz's latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $6 billion and a net profit of $712 million. In comparison, last year the company earned a revenue of $6.41 billion and had a net profit of $801 million
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