Iberiabank Corp increased its position in Kraft Heinz Co (NASDAQ:KHC) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,479 shares of the company’s stock after buying an additional 1,415 shares during the period. Iberiabank Corp’s holdings in Kraft Heinz were worth $1,588,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Kraft Heinz by 1.2% in 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. lifted its stake in Kraft Heinz by 1.7% in 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. FMR LLC lifted its stake in Kraft Heinz by 30.0% in 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. Morgan Stanley lifted its stake in Kraft Heinz by 55.6% in 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. Finally, Geode Capital Management LLC lifted its stake in Kraft Heinz by 9.0% in the 1st quarter. Geode Capital Management LLC now owns 6,357,247 shares of the company’s stock worth $576,547,000 after purchasing an additional 523,375 shares in the last quarter. 62.06% of the stock is owned by institutional investors.
Several brokerages have commented on KHC. Morgan Stanley decreased their price target on shares of Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a research note on Thursday, September 21st. Credit Suisse Group set a $100.00 price target on shares of Kraft Heinz and gave the stock a “buy” rating in a research note on Sunday, September 10th. BMO Capital Markets reiterated a “hold” rating and issued a $96.00 price target on shares of Kraft Heinz in a research note on Wednesday, September 6th. Finally, Zacks Investment Research upgraded shares of 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 an average rating of “Buy” and a consensus price target of $92.49.
Shares of Kraft Heinz Co (KHC) opened at $78.48 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. The stock has a market cap of $95,625.38, a PE ratio of 22.05, a PEG ratio of 2.17 and a beta of 0.45. Kraft Heinz Co has a 1 year low of $75.21 and a 1 year high of $97.77.
Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. sell-side analysts anticipate that Kraft Heinz Co will post 3.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend yield of 3.19%. The ex-dividend date is Thursday, November 16th. Kraft Heinz’s dividend payout ratio is 77.88%.
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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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