Xact Kapitalforvaltning AB boosted its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,785 shares of the company’s stock after buying an additional 1,594 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Kraft Heinz were worth $8,436,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 172 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in 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 valued at $110,000 after acquiring an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in Kraft Heinz in the second quarter valued at $121,000. Blue Chip Partners Inc. boosted its holdings in shares of Kraft Heinz by 0.5% during the 2nd 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 in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of Kraft Heinz by 7.0% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after buying an additional 100 shares in the last quarter. Institutional investors own 62.06% of the company’s stock.
A number of brokerages have recently commented on KHC. Morgan Stanley dropped their target price on shares of Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a research report on Thursday, September 21st. Credit Suisse Group set a $100.00 target price on Kraft Heinz and gave the stock a “buy” rating in a research report on Sunday, September 10th. BMO Capital Markets restated a “hold” rating and set a $96.00 price target on shares of Kraft Heinz in a research note on Wednesday, September 6th. Finally, Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Kraft Heinz has an average rating of “Buy” and a consensus target price of $92.49.
Kraft Heinz Co (NASDAQ:KHC) traded down $0.15 on Wednesday, hitting $80.49. The stock had a trading volume of 2,567,112 shares, compared to its average volume of 3,100,189. Kraft Heinz Co has a fifty-two week low of $75.21 and a fifty-two week 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. The company has a market cap of $99,816.90, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 2.27 and a beta of 0.45.
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 analysts’ consensus estimates of $0.83. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The business’s revenue was up .7% compared to the same quarter last year. equities analysts forecast that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, November 16th. Kraft Heinz’s payout ratio is currently 77.88%.
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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