Private Capital Management Inc. Acquires 2,000 Shares of The Kraft Heinz Company (KHC)

Private Capital Management Inc. boosted its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 25.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the company’s stock after acquiring an additional 2,000 shares during the period. The Kraft Heinz comprises about 0.9% of Private Capital Management Inc.’s investment portfolio, making the stock its 28th biggest holding. Private Capital Management Inc.’s holdings in The Kraft Heinz were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Chip Partners Inc. raised its holdings in shares of The Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after buying an additional 8 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of The Kraft Heinz by 0.5% during the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock valued at $234,000 after buying an additional 13 shares during the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of The Kraft Heinz by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after buying an additional 16 shares during the last quarter. Ropes Wealth Advisors LLC raised its holdings in shares of The Kraft Heinz by 0.4% during the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock valued at $329,000 after buying an additional 17 shares during the last quarter. Finally, National Asset Management Inc. raised its holdings in shares of The Kraft Heinz by 0.5% during the first quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after buying an additional 21 shares during the last quarter. 61.79% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on KHC shares. Credit Suisse Group set a $100.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, July 29th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of The Kraft Heinz in a research note on Tuesday, August 1st. TheStreet upgraded shares of The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Berenberg Bank set a $102.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The Kraft Heinz presently has a consensus rating of “Buy” and an average price target of $92.49.

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The Kraft Heinz Company (KHC) opened at $79.82 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The stock has a market cap of $97,489.63, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 2.22 and a beta of 0.43. The Kraft Heinz Company has a 12-month low of $75.21 and a 12-month high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. equities analysts forecast that The Kraft Heinz Company will post 3.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.13%. The ex-dividend date is Thursday, November 16th. The Kraft Heinz’s payout ratio is 77.88%.

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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