Unilever reviewing options for change after Kraft Heinz bid fails

Kraft Heinz withdraws $143B bid to buy Unilever

This Company belongs to Consumer Staples sector.

Shares in the company went up four per cent following the announcement. The stock, after opening at $91.82, closed at $94.87 by scoring -1.84%. There was a stock decrease by -1.84 percent. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.87 by $0.04. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm. 3G's transactions are often backed by Berkshire Hathaway, which owns more than a quarter of Kraft Heinz.

The Kraft Heinz Company (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 15th. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell. The difference between the estimated and actual earnings was $0.05 per share. Hence, the surprise factor was 2.7 percent.

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Shares in Unilever rocketed last Friday after it emerged that it had rejected a $143bn takeover offer from Kraft Heinz, saying it had "no merit, either financial or strategic".

The highest price KHC stock touched in the last 12 month was $97.77 and the lowest price it hit in the same period was $71.83. Stockholders of record on Friday, March 3rd will be paid a dividend of $0.60 per share.

Popeye's approximately 2,600 locations and $3 billion in system-wide sales compares to nearly 16,000 and $18 billion for Burger King and 4,500 and $6.5 billion for Tim Horton's. Bollard Group LLC increased its position in shares of The Kraft Heinz Company by 815.4% in the third quarter. According to 14 analysts, Price Target for The Kraft Heinz Company (NASDAQ:KHC) may hit a high of $100. Because much of that revenue is shared with franchise owners, the company books far less revenue than the total sales throughout their entire system - those amounts are $1.1 billion for Burger King, $3 billion for Tim Horton's, and $260 million for Popeye's. Price per earning (ttm) stands at 33.7. The company earned $6.86 billion during the quarter, compared to analysts' expectations of $6.73 billion. The Insider Ownership of the company now is 0 percent, and Institutional Ownership is 86.5 percent.

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