Published: Thu, February 23, 2017
Markets | By Lucia Cruz

Unilever launches strategic review after Kraft-Heinz ditches mega deal

Unilever launches strategic review after Kraft-Heinz ditches mega deal

General Motors Company (NYSE:GM) share price increased in the last trading session with a previous 52-week high of $38.38. In a separate analyst note, Deutsche Bank initiated KHC on Feb 15, 2017. The abrupt U-turn by US foods giant Kraft at the weekend pushed the value of deals withdrawn this year to $205.2 billion, compared with $53.6 billion at the same point in 2016.

The major food conglomerate said Friday that it had pitched a $50-a-share takeover offer worth $143 billion, which Unilever had rejected. The year ago sales the company reported in the same quarter is 4.75 Billion. The Average Volume of the company is 3.24 Million and P/E (price to earnings) ratio is 33.7, while Forward P/E ratio is 23.12. The stock has an average rating of "Buy" and an average target price of $98.93.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Gratus Capital LLC boosted its stake in The Kraft Heinz Company by 0.3% in the fourth quarter.

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For the current quarter, the highest estimate analysts provided is 4.77 Billion and the lowest is 4.61 Billion. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.53%. The company's institutional ownership is monitored at 86.5 percent. During the trading on 02/21/2017, Company's stock ranged from $37.42 to $38.10. If you are viewing this report on another website, it was stolen and reposted in violation of United States and global copyright & trademark laws. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. 3G's transactions are often backed by Berkshire Hathaway, which owns more than a quarter of Kraft Heinz.

Its last month's stock price volatility remained 3.45% which for the week stands at 1.57%. TCI Wealth Advisors Inc. now owns 2,267 shares of the company's stock valued at $203,000 after buying an additional 20 shares during the last quarter.

Colgate-Palmolive: The New York-based Colgate-Palmolive is smaller global player in household and personal care products and may have plenty to offer Kraft Heinz. The Company's segments include the United States, Canada and Europe.

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