BB&T Investment Services Inc. Acquires New Stake in The Kraft Heinz Company (KHC)

BB&T Investment Services Inc. acquired a new position in The Kraft Heinz Company (NASDAQ:KHC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,287 shares of the company’s stock, valued at approximately $796,000.

Other institutional investors have also recently modified their holdings of the company. Westside Investment Management Inc. raised its position in shares of The Kraft Heinz by 16.6% in the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after acquiring an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of The Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after acquiring an additional 950 shares during the period. V Wealth Management LLC acquired a new position in shares of The Kraft Heinz in the second quarter worth about $125,000. Blue Chip Partners Inc. raised its position in shares of The Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after acquiring an additional 8 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of The Kraft Heinz by 7.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock worth $139,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at $79.72 on Monday. The Kraft Heinz Company has a one year low of $75.21 and a one year high of $97.77. The stock has a market cap of $97,136.27, a PE ratio of 22.39, a P/E/G ratio of 2.21 and a beta of 0.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The Kraft Heinz’s revenue was up .7% compared to the same quarter last year. equities analysts expect that The Kraft Heinz Company will post 3.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.14%. The Kraft Heinz’s dividend payout ratio is presently 77.88%.

Several research analysts recently weighed in on KHC shares. Zacks Investment Research downgraded shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Susquehanna Bancshares Inc restated a “hold” rating on shares of The Kraft Heinz in a research report on Tuesday, August 1st. BMO Capital Markets reduced their price target on shares of The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. BidaskClub upgraded shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Citigroup Inc. reduced their price target on shares of The Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The Kraft Heinz currently has an average rating of “Buy” and an average target price of $92.49.

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The Kraft Heinz Profile

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.

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

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