Americafirst Capital Management LLC Acquires Shares of 8,011 Kraft Heinz Co (NASDAQ:KHC)

Americafirst Capital Management LLC purchased a new stake in shares of Kraft Heinz Co (NASDAQ:KHC) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,011 shares of the company’s stock, valued at approximately $621,000.

A number of other institutional investors have also recently bought and sold shares of KHC. Vanguard Group Inc. boosted its stake in shares of Kraft Heinz by 3.9% in the first quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock worth $3,827,601,000 after buying an additional 1,585,231 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Kraft Heinz by 7.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock worth $139,000 after buying an additional 100 shares during the last quarter. Valley National Advisers Inc. boosted its stake in shares of Kraft Heinz by 43.8% in the first quarter. Valley National Advisers Inc. now owns 3,166 shares of the company’s stock worth $288,000 after buying an additional 964 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Kraft Heinz in the first quarter worth about $9,815,000. Finally, Geode Capital Management LLC boosted its stake in shares of Kraft Heinz by 9.0% in the first quarter. Geode Capital Management LLC now owns 6,357,247 shares of the company’s stock worth $576,547,000 after buying an additional 523,375 shares during the last quarter. Institutional investors and hedge funds own 62.02% of the company’s stock.

A number of analysts have recently commented on the company. Morgan Stanley lowered their target price on 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 restated a “buy” rating and issued a $95.00 target price on shares of Kraft Heinz in a research note on Thursday, September 21st. Susquehanna Bancshares lowered their target price on Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Goldman Sachs Group downgraded Kraft Heinz from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $95.00 to $87.00 in a research report on Wednesday, October 4th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $90.00 price target (down previously from $100.00) on shares of Kraft Heinz in a research report on Thursday, November 2nd. One 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’s stock. The company presently has an average rating of “Buy” and an average price target of $92.49.

Shares of Kraft Heinz Co (KHC) traded up $0.22 during trading on Friday, hitting $77.35. The company’s stock had a trading volume of 4,223,283 shares, compared to its average volume of 3,440,000. Kraft Heinz Co has a fifty-two week low of $75.21 and a fifty-two week high of $97.77. The firm has a market capitalization of $94,230.00 and a PE ratio of 24.10. 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, meeting 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 during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were issued a dividend of $0.625 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.23%. Kraft Heinz’s payout ratio is currently 77.88%.

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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.

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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