Haverford Financial Services Inc. raised its position in Kraft Heinz Co (NASDAQ:KHC) by 99.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,985 shares of the company’s stock after buying an additional 3,978 shares during the quarter. Haverford Financial Services Inc.’s holdings in Kraft Heinz were worth $619,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of KHC. Vanguard Group Inc. grew its holdings in shares of Kraft Heinz by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after purchasing an additional 487,241 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Kraft Heinz by 1.7% during the 2nd quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock worth $2,835,974,000 after purchasing an additional 562,183 shares in the last quarter. State Street Corp grew its holdings in shares of Kraft Heinz by 2.8% during the 1st quarter. State Street Corp now owns 24,579,995 shares of the company’s stock worth $2,232,113,000 after purchasing an additional 680,941 shares in the last quarter. FMR LLC grew its holdings in shares of Kraft Heinz by 30.0% during the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after purchasing an additional 2,659,846 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Kraft Heinz by 55.6% during the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock worth $759,605,000 after purchasing an additional 2,988,664 shares in the last quarter. 62.06% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on KHC shares. Morgan Stanley dropped their target price on Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 target price 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 company a “buy” rating in a research report on Sunday, September 10th. BMO Capital Markets reiterated a “hold” rating and issued a $96.00 target price on shares of Kraft Heinz in a research report on Wednesday, September 6th. Finally, Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $92.49.
Shares of Kraft Heinz Co (KHC) opened at $78.48 on Friday. 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 Co has a 1-year low of $75.21 and a 1-year high of $97.77. The firm has a market capitalization of $98,074.48, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 2.23 and a beta of 0.45.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. equities analysts anticipate that Kraft Heinz Co 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 paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.19%. Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.
About 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.
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