BMO Capital Reiterates Their Hold Rating on Kraft Heinz

By Jason Carr

BMO Capital analyst Kenneth Zaslow reiterated a Hold rating on Kraft Heinz (NASDAQ: KHC) yesterday and set a price target of $96. The company’s shares closed yesterday at $91.46.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 14.5% and a 81.7% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Monster Beverage Corp.

Currently, the analyst consensus on Kraft Heinz is Moderate Buy and the average price target is $97.33, representing a 6.4% upside.

In a report issued on June 6, Susquehanna also reiterated a Hold rating on the stock with a $99 price target.

Based on Kraft Heinz’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $6.36 billion and quarterly net profit of $893 million. In comparison, last year the company earned revenue of $6.57 billion and had a net profit of $896 million.

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