Alliancebernstein L.P. Acquires 878,768 Shares of The Kraft Heinz Company (KHC)

Alliancebernstein L.P. raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 49.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,658,122 shares of the company’s stock after acquiring an additional 878,768 shares during the period. Alliancebernstein L.P. owned about 0.22% of The Kraft Heinz worth $227,642,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Waldron LP boosted its stake in shares of The Kraft Heinz by 5.8% during the first quarter. Waldron LP now owns 4,518 shares of the company’s stock valued at $410,000 after purchasing an additional 247 shares during the period. Main Street Research LLC boosted its stake in shares of The Kraft Heinz by 9.9% during the first quarter. Main Street Research LLC now owns 66,229 shares of the company’s stock valued at $6,014,000 after purchasing an additional 5,984 shares during the period. Lee Danner & Bass Inc. boosted its stake in shares of The Kraft Heinz by 9.8% during the first quarter. Lee Danner & Bass Inc. now owns 62,129 shares of the company’s stock valued at $5,642,000 after purchasing an additional 5,558 shares during the period. Haverford Trust Co. boosted its stake in shares of The Kraft Heinz by 4.7% during the first quarter. Haverford Trust Co. now owns 405,690 shares of the company’s stock valued at $36,841,000 after purchasing an additional 18,093 shares during the period. Finally, Balasa Dinverno & Foltz LLC boosted its stake in shares of The Kraft Heinz by 2.8% during the first quarter. Balasa Dinverno & Foltz LLC now owns 2,539 shares of the company’s stock valued at $231,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 61.76% of the company’s stock.

Shares of The Kraft Heinz Company (KHC) opened at 76.47 on Friday. The Kraft Heinz Company has a 52 week low of $76.31 and a 52 week high of $97.77. The stock has a market cap of $93.16 billion, a price-to-earnings ratio of 24.51 and a beta of 0.44. The company has a 50-day moving average price of $79.26 and a 200-day moving average price of $86.21.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The Kraft Heinz’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. Equities analysts anticipate that The Kraft Heinz Company will post $3.24 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://ledgergazette.com/2017/10/20/alliancebernstein-l-p-acquires-878768-shares-of-the-kraft-heinz-company-khc.html.

A number of analysts have recently weighed in on KHC shares. J P Morgan Chase & Co reissued an “overweight” rating and set a $99.00 price objective (down previously from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th. BidaskClub lowered The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $91.00 price objective (down previously from $99.00) on shares of The Kraft Heinz in a research note on Monday, July 10th. KHC) opened at 76.47 on Friday. The Kraft Heinz Company has a 52 week low of $76.31 and a 52 week high of $97.77. The stock has a market cap of $93.16 billion, a price-to-earnings ratio of 24.51 and a beta of 0.44. The company has a 50-day moving average price of $79.26 and a 200-day moving average price of $86.21.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The Kraft Heinz’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. Equities analysts anticipate that The Kraft Heinz Company will post $3.24 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://ledgergazette.com/2017/10/20/alliancebernstein-l-p-acquires-878768-shares-of-the-kraft-heinz-company-khc.html.

A number of analysts have recently weighed in on KHC shares. J P Morgan Chase & Co reissued an “overweight” rating and set a $99.00 price objective (down previously from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th. BidaskClub lowered The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $91.00 price objective (down previously from $99.00) on shares of The Kraft Heinz in a research note on Monday, July 10th. Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, July 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $95.53.

About The Kraft Heinz

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

Institutional Ownership by Quarter for The Kraft Heinz (NASDAQ:KHC)

Receive News & Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply