Unilever launches strategic review after Kraft-Heinz ditches mega deal

23 February, 2017, 00:58 | Author: Elaine Woods
  • Kraft Heinz withdraws $143B bid to buy Unilever

Kraft Heinz's $50-a-share offer was emphatically rejected by Unilever's board for "fundamentally undervaluing" the company.

General Motors Company (NYSE:GM) right now sits at consensus rating of 2.60 while 0 analysts have advocated the shares as "BUY", 0 calls it an "OUTPERFORM" and 0 suggest "HOLD". During the same period previous year, the company posted $0.80 earnings per share.

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. British American Tobacco p.l.c. (NYSEMKT:BTI) has a Return on Assets of 14.1 percent, Return on Equity of 76.7 percent, while Return on Investment of 14.7 percent. The forecast of 10 surveyed investment analysts covering the stock advises investors to Buy stake in the company.

Unilever's London-listed shares were up 2.8 percent at 1330 GMT, just 3 percent below where they were trading on Friday when news of the Kraft approach broke. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $90.29 on company shares.

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The company, with brands such as Oreo, Chips Ahoy!, Triscuit, Nabisco, Milka, Toblerone, Cadbury, Trident, Dentyne, and Tang powdered drinks, has a presence in about 165 countries, giving Kraft Heinz the geographical reach it needs. The company's market cap is $115.48 Billion. Revenue is expected in between 4.77 Billion and 4.61 Billion with an average of 4.7 Billion. Analysts believe that we could see stock price minimum in the $80 range (lowest target price), allowing for another -15.67% drop from its current position.

The stock showed weekly upbeat performance of 4.74%, which was maintained for the month at 6.66%. The stock is a Buy among 14 brokerage firms polled by Factset Research.

The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/02/22/the-kraft-heinz-company-khc-stock-rating-lowered-by-vetr-inc-2.html. Bollard Group LLC increased its position in shares of The Kraft Heinz Company by 815.4% in the third quarter.

Unilever had issued a strongly-worded rebuttal on Friday after the Chicago-based company tabled an offer representing an 18% premium on Unilever's closing share price on February 16. The firm past twelve months price to sales ratio was 1.60 and price to cash ratio remained 3.28.

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