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OFFON

THE KRAFT HEINZ COMPANY

(KHC)
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Kraft: Q1 Earnings Snapshot

04/29/2021 | 07:13am EDT

PITTSBURGH (AP) _ Kraft Heinz Co. (KHC) on Thursday reported first-quarter earnings of $563 million.

On a per-share basis, the Pittsburgh-based company said it had net income of 46 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 72 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese posted revenue of $6.39 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $6.26 billion.

Kraft shares have climbed 16% since the beginning of the year.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KHC at https://www.zacks.com/ap/KHC

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Financials (USD)
Sales 2021 25 261 M - -
Net income 2021 3 200 M - -
Net Debt 2021 19 306 M - -
P/E ratio 2021 17,6x
Yield 2021 3,70%
Capitalization 53 109 M 53 109 M -
EV / Sales 2021 2,87x
EV / Sales 2022 2,93x
Nbr of Employees 38 000
Free-Float 53,8%
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Technical analysis trends THE KRAFT HEINZ COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 43,04 $
Last Close Price 43,42 $
Spread / Highest target 15,2%
Spread / Average Target -0,88%
Spread / Lowest Target -24,0%
EPS Revisions
Managers and Directors
NameTitle
Miguel Patricio Chief Executive Officer & Director
Carlos Arturo Abrams-Rivera President
Paulo Basilio Chief Financial Officer
Alexandre Behring da Costa Chairman
Flavio Torres Head-Global Operations
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