Packaged foods maker H.J. Heinz Company ( HNZ ) on Tuesday saw its earnings estimates boosted by analysts at Morgan Stanley.
The firm said it raised its estimates for HNZ through 2012, noting it expects upbeat guidance from the company on its upcoming earnings report. Heinz is slated to report earnings on Thursday, May 26.
Morgan Stanley also maintained its "Overweight" rating on HNZ.
H.J. Heinz shares were mostly flat in premarket trading Tuesday.
The Bottom Line
We have been recommending shares of H.J. Heinz ( HNZ ) since Jan.24, 2009, when the stock was trading at $35.06. The company has a 3.43% dividend yield, based on last night's closing stock price of $52.46.
H.J. Heinz Company ( HNZ ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
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