Alpine Woods Capital Investors LLC decreased its position in Kraft Heinz Co (NASDAQ:KHC) by 93.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,700 shares of the company’s stock after selling 53,000 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Kraft Heinz were worth $287,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Symphony Asset Management LLC lifted its position in Kraft Heinz by 15.6% in the 2nd quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock worth $2,772,000 after buying an additional 4,377 shares in the last quarter. Pennsylvania Trust Co lifted its position in Kraft Heinz by 8.9% in the 2nd quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock worth $5,663,000 after buying an additional 5,422 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its position in Kraft Heinz by 40.9% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock worth $519,000 after buying an additional 1,760 shares in the last quarter. Creative Planning lifted its position in Kraft Heinz by 1.9% in the 2nd quarter. Creative Planning now owns 80,094 shares of the company’s stock worth $6,859,000 after buying an additional 1,485 shares in the last quarter. Finally, U S Global Investors Inc. purchased a new stake in Kraft Heinz in the 2nd quarter worth approximately $388,000. 62.06% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on the stock. Susquehanna Bancshares restated a “neutral” rating and set a $85.00 price target (down previously from $94.00) on shares of Kraft Heinz in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a report on Tuesday, October 3rd. Piper Jaffray Companies set a $92.00 price target on shares of Kraft Heinz and gave the company a “hold” rating in a report on Wednesday, August 16th. Finally, BidaskClub upgraded shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Kraft Heinz currently has a consensus rating of “Buy” and an average price target of $92.49.
Kraft Heinz Co (NASDAQ KHC) opened at $80.64 on Wednesday. The company has a market cap of $99,816.90, a price-to-earnings ratio of 23.01, a P/E/G ratio of 2.27 and a beta of 0.45. Kraft Heinz Co has a twelve month low of $75.21 and a twelve month high of $97.77. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48.
Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. analysts expect that Kraft Heinz Co will post 3.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.10%. Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.
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Kraft Heinz Company 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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