Unilever rejects £111 billion offer from Kraft Heinz


The insider owns 359,877 shares which have current market value of around $31410064.56.W. Anthony Vernon is another major inside shareholder in the company. The Stock has YTD (year to date) performance of -0.05 percent. The PEG ratio represents the ratio of the price to earnings to the expected future growth rate of the company. The current share price indicate that stock is 0.04% away from its one year high and is moving 30.45% ahead of its 52-week low.

The Company now expects its multi-year Integration Program to deliver $1.7 billion in cumulative, pre-tax savings by the end of 2017, up from $1.5 billion previously.

Kraft Heinz has a market cap of $114 billion, so any acquisition that is not in shares would require a substantial debt load.

Kraft Heinz has 42,000 employees in 40 countries, but its sales of $26.5 billion past year were dwarfed by Unilever's $48.3 billion. Suntrust Banks Inc. now owns 626,052 shares of the company's stock valued at $56,037,000 after buying an additional 251,139 shares during the period.

The Kraft Heinz Company (NASDAQ:KHC) traded with the volume of 10.57 Million in the previous trading session.

Shares of Kraft Heinz lost more than 4 percent on Thursday to close the day at $87.28 but jumped more than 5 percent Friday morning after details of the deal were announced.

Covering research analysts have taken a stance on where they see Kraft Heinz Co (NASDAQ:KHC) moving in the future.

"This deal is likely to prompt a Marmite response, while the markets love the idea given the share price reaction, there is a good chance that governments will hate it, and it is inevitable that competition authorities and regulators will want to have a look at it", he said. The Kraft Heinz Company now has an average rating of Buy and a consensus price target of $98.95. Cornerstone Advisors Inc. now owns 1,223 shares of the company's stock worth $109,000 after buying an additional 689 shares during the last quarter. Finally, Zacks Investment Research raised The Kraft Heinz Company from a "sell" rating to a "hold" rating in a report on Friday, January 20th. The deal has to come to fruition in a month, or they can not pursue a deal for about a year. Company net profit margin stands at 10.40% whereas its return on equity (ROE) is 4.80%.

The Kraft Heinz Company formerly H.J. Heinz Holding Corporation is a food and beverage company.