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Kraft Heinz Co (NASDAQ:KHC) target price raised to $98.22, reported today by Vetr Inc.

Yesterday Kraft Heinz Co (NASDAQ:KHC) traded -0.73% lower at $87.38. The company’s 50-day moving average is $88.76 and its 200-day moving average is $84.98. The last stock close price is up 2.82% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,910,963 shares of the stock were exchanged, down from an average trading volume of 2,381,370

Kraft Heinz Co (NASDAQ:KHC) had its target price raised to $98.22 by Vetr Inc. in a report released Thursday October 06, 2016. The new target price indicates a possible upside of 0.12% based on the company's last stock close price.

Previously on 9/19/2016, Vetr Inc. reported about Kraft Heinz Co (NASDAQ:KHC) raised the target price from $0.00 to $98.22. At the time, this indicated a possible upside of 0.10%.

See Chart Below

Kraft Heinz Co (NASDAQ:KHC)

Kraft Heinz Co has a 52 week low of $68.18 and a 52 week high of $90.54 with a P/E ratio of 64.06 The company’s market cap is currently $0.

In addition to Vetr Inc. reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $90.29 with 3 firms rating the stock a strong buy, 8 firms rating the stock a buy, 3 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Kraft Heinz Co (NASDAQ:KHC)

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company's segments include the United States, Canada and Europe. The Company's remaining businesses are combined as Rest of World. The Rest of World consists of three segments: Asia Pacific; Latin America, and Russia, India, the Middle East and Africa (RIMEA). Its brands include Heinz, Kraft, Oscar Mayer, Planters, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun and Ore-Ida. The Company's products are sold through its own sales organizations and through independent brokers, agents and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, foodservice distributors and institutions.

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