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KHC

Kraft Heinz

$31.98

0.19 (0.60%)

16:33
05/21/19
05/21
16:33
05/21/19
16:33

Kraft Heinz still not in compliance with Nasdaq listing rule

The Kraft Heinz announced that on May 17 as expected, Kraft Heinz received a standard notice from Nasdaq stating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarter ended March 30, Kraft Heinz continues to not be in compliance with Nasdaq Listing Rule 5250, which requires timely filing of periodic financial reports with the SEC. Kraft Heinz previously received an initial notice on March 15 related to the delay in timely filing its Annual Report on Form 10-K for the FY18. Previously, Kraft Heinz timely submitted a plan to regain compliance to Nasdaq and in the notice received on May 17 Nasdaq also notified Kraft Heinz that it had been granted until September 11 to regain compliance with Nasdaq Listing Rule 5250 by filing the Form 10-K and Form 10-Q and complying with certain other terms outlined in the notice. Kraft Heinz currently expects to cooperate with Nasdaq to comply with such terms.

KHC Kraft Heinz
$31.98

0.19 (0.60%)

03/18/19
STFL
03/18/19
NO CHANGE
Target $35
STFL
Hold
Kraft Heinz delay a setback, but shouldn't impact debt covenants, says Stifel
After Kraft Heinz reported late on Friday that it could not meet the deadline to file its 10-K with the SEC, Stifel analyst Christopher Growe called the news "another setback to the company in a string of disappointments of late," but added that he does not believe this means the SEC investigation has widened or that the filing impacts any of the company's debt covenants. He does not, however, think the company can pursue an asset sale now until the 10-K is filed. Growe, who expects the shares to trade down on this news given that investors currently have "a very skeptical tone" in relation to Kraft Heinz, keeps a Hold rating and $35 price target on the stock.
03/29/19
WOLF
03/29/19
DOWNGRADE
WOLF
Underperform
Kraft Heinz downgraded to Underperform from Peer Perform at Wolfe Research
04/24/19
PIPR
04/24/19
DOWNGRADE
Target $31
PIPR
Underweight
Kraft Heinz downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Michael Lavery downgraded Kraft Heinz to Underweight from Neutral and lowered his price target for the shares to $31 from $35. Expectations for the company's 2020 earnings are likely too high as it plans divestitures of underperforming businesses, which could be 20c-30c dilutive on a per share basis, Lavery tells investors in a research note. He believes a new CEO is the right move, but also that incremental brand spending is needed to rejuvenate Kraft Heinz's "dusty brands," which he thinks could weigh on earnings by another 15c-20c per share.
04/24/19
04/24/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Harley-Davidson (HOG) downgraded to Sell from Neutral at Goldman Sachs with analyst David Tamberrino saying he views Harley as the "worst positioned" within his Powersports coverage given its concentration in a "secularly declining" motorcycle market. 2. TowerJazz (TSEM) downgraded to Neutral from Outperform at Credit Suisse with analyst Quang Tung Le saying to reflect ongoing weakness at the company's "key" radio frequency and power customers along with revised three- year deal extension with Panasonic, the analyst reduced his sales estimates. 3. Marriott (MAR) downgraded to In Line from Outperform at Evercore ISI with analyst Rich Hightower saying approaching Q1 earnings season, the analyst finds himself "incrementally negative" on hotel stocks overall - and even more so with respect to the C-Corps than the REITs - given the sector's substantial recent outperformance against the relevant benchmarks, coupled with no obvious shift in fundamentals over the last 60-90 days. 4. Kraft Heinz (KHC) downgraded to Underweight from Neutral at Piper Jaffray with analyst Michael Lavery saying expectations for the company's 2020 earnings are likely too high as it plans divestitures of underperforming businesses, which could be 20c-30c dilutive on a per share basis. 5. Hyatt (H) and Hilton (HLT) downgraded to Market Perform from Outperform at Wells Fargo. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

JKS

JinkoSolar

$22.59

-2.08 (-8.43%)

17:37
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  • 28

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FCEL

FuelCell

$0.33

-0.0231 (-6.56%)

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RMTI

Rockwell Medical

$4.39

0.2 (4.77%)

17:25
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  • 18

    Jun

VRS

Verso

$17.91

-0.24 (-1.32%)

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CHVKF

China Vanke Co

$0.00

(0.00%)

17:19
06/17/19
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China Vanke Co rating change  »

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RCKT

Rocket Pharmaceuticals

$16.88

0.68 (4.20%)

17:17
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Syndicate
Breaking Syndicate news story on Rocket Pharmaceuticals »

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  • 17

    Jun

BA

Boeing

$354.90

7.71 (2.22%)

, EADSY

Airbus

$0.00

(0.00%)

17:17
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Periodicals
Boeing gets zero new plane orders at Paris Air Show so far, CNBC says »

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BA

Boeing

$354.90

7.71 (2.22%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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  • 17

    Jun

  • 09

    Jul

BHVN

Biohaven Pharmaceutical

$57.33

-5.63 (-8.94%)

17:17
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06/17
17:17
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Syndicate
Breaking Syndicate news story on Biohaven Pharmaceutical »

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MELR

Melrose Bancorp

$18.40

-0.1 (-0.54%)

17:14
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06/17
17:14
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17:14
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Breaking Hot Stocks news story on Melrose Bancorp »

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CSCO

Cisco

$55.40

0.66 (1.21%)

17:13
06/17/19
06/17
17:13
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17:13
Hot Stocks
Cisco awarded maximum $724.1M Defense Information Systems Agency contract »

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  • 24

    Jun

  • 16

    Jul

  • 14

    Aug

NI

NiSource

$29.16

0.41 (1.43%)

17:10
06/17/19
06/17
17:10
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17:10
Periodicals
NiSource plans sale of unit tied to gas explosions, Bloomberg says »

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AEO

American Eagle

$17.96

0.38 (2.16%)

17:08
06/17/19
06/17
17:08
06/17/19
17:08
Conference/Events
American Eagle management to meet with UBS »

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  • 17

    Jun

EVOP

EVO Payments

$29.60

-0.03 (-0.10%)

17:07
06/17/19
06/17
17:07
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17:07
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EVO Payments, TouchBistro to partner on payment solutions for Mexico restaurants »

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RDHL

RedHill Biopharma

$7.19

-0.01 (-0.14%)

17:04
06/17/19
06/17
17:04
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17:04
Hot Stocks
Ibex Investors reports 5.1% passive stake in RedHill Biopharma »

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STLD

Steel Dynamics

$26.23

-0.19 (-0.72%)

17:02
06/17/19
06/17
17:02
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17:02
Hot Stocks
Breaking Hot Stocks news story on Steel Dynamics »

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STLD

Steel Dynamics

$26.23

-0.19 (-0.72%)

17:01
06/17/19
06/17
17:01
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17:01
Earnings
Steel Dynamics guides Q2 EPS 86c-90c, consensus 99c »

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TSLA

Tesla

$225.00

10.19 (4.74%)

, TWTR

Twitter

$36.40

0.25 (0.69%)

16:56
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Hot Stocks
Tesla chief Elon Musk deletesTwitter account »

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TSLA

Tesla

$225.00

10.19 (4.74%)

TWTR

Twitter

$36.40

0.25 (0.69%)

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  • 10

    Jul

ATO

Atmos Energy

$104.66

-0.34 (-0.32%)

16:54
06/17/19
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16:54
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Conference/Events
Atmos Energy management to meet with UBS »

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  • 19

    Jun

TW

Tradeweb Markets

$41.77

0.33 (0.80%)

16:54
06/17/19
06/17
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Initiation
Tradeweb Markets initiated  »

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PINS

Pinterest

$27.81

0.41 (1.50%)

16:52
06/17/19
06/17
16:52
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16:52
Initiation
Pinterest initiated  »

Wedbush starts Pinterest…

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HEXO

HEXO Corp

$5.50

-0.095 (-1.70%)

, TAP

Molson Coors

$53.66

-0.34 (-0.63%)

16:51
06/17/19
06/17
16:51
06/17/19
16:51
Periodicals
HEXO and Molson plan cannabis-infused drinks by December, Bloomberg says »

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HEXO

HEXO Corp

$5.50

-0.095 (-1.70%)

TAP

Molson Coors

$53.66

-0.34 (-0.63%)

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  • 18

    Jun

  • 31

    Jul

CWEN

Clearway Energy

$16.31

0.205 (1.27%)

16:49
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Hot Stocks
Clearway Energy announces equity commitment in repowering partnership »

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GNBT

Generex

$0.00

(0.00%)

16:46
06/17/19
06/17
16:46
06/17/19
16:46
Conference/Events
Generex to hold a conference call »

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ANTM

Anthem

$287.35

1.97 (0.69%)

16:46
06/17/19
06/17
16:46
06/17/19
16:46
Earnings
Anthem reaffirms FY19 EPS greater than $19.20, consensus $19.30 »

Officers of Anthem will…

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RTLR

Rattler Midstream

$18.95

-0.255 (-1.33%)

16:44
06/17/19
06/17
16:44
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16:44
Initiation
Rattler Midstream initiated  »

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