Commerzbank Aktiengesellschaft FI Grows Stake in Kraft Heinz Co (KHC)

Commerzbank Aktiengesellschaft FI grew its position in Kraft Heinz Co (NASDAQ:KHC) by 198.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 401,219 shares of the company’s stock after buying an additional 266,720 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Kraft Heinz were worth $31,115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its position in shares of Kraft Heinz by 16.6% in the 2nd 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 position in shares of Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Kraft Heinz in the 2nd quarter worth $121,000. Blue Chip Partners Inc. boosted its position in shares of Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares during the last quarter. Finally, GWM Advisors LLC bought a new position in shares of Kraft Heinz in the 2nd quarter worth $137,000. 62.06% of the stock is owned by institutional investors.

Kraft Heinz Co (KHC) opened at $79.28 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. The firm has a market capitalization of $96,580.00 and a PE ratio of 22.01. Kraft Heinz Co has a twelve month low of $75.21 and a twelve month high of $97.77.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share 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. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. equities analysts predict that Kraft Heinz Co will post 3.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.15%. Kraft Heinz’s dividend payout ratio is presently 77.88%.

Several research firms have recently issued reports on KHC. BidaskClub lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Morgan Stanley reduced their price target on Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. BMO Capital Markets reduced their price target on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. Susquehanna Bancshares reduced their price target on Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $90.00 price target (down from $100.00) on shares of Kraft Heinz in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $92.49.

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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 Kraft Heinz (NASDAQ:KHC)

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