Stonebridge Capital Advisors LLC Increases Position in Kraft Heinz Co (KHC)

Stonebridge Capital Advisors LLC increased its stake in Kraft Heinz Co (NASDAQ:KHC) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,243 shares of the company’s stock after acquiring an additional 3,359 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Kraft Heinz were worth $3,741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Blue Chip Partners Inc. grew its position in Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after purchasing an additional 8 shares during the period. Martingale Asset Management L P grew its position in Kraft Heinz by 0.5% in the 2nd quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock valued at $234,000 after purchasing an additional 13 shares during the period. Ropes Wealth Advisors LLC boosted its holdings in Kraft Heinz by 0.4% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after acquiring an additional 17 shares during the last quarter. National Asset Management Inc. boosted its holdings in Kraft Heinz by 0.5% during the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock worth $408,000 after acquiring an additional 21 shares during the last quarter. Finally, Linscomb & Williams Inc. boosted its holdings in Kraft Heinz by 0.3% during the 2nd quarter. Linscomb & Williams Inc. now owns 7,564 shares of the company’s stock worth $648,000 after acquiring an additional 21 shares during the last quarter. 62.02% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on KHC shares. Susquehanna Bancshares reaffirmed a “hold” rating and set a $84.00 price objective on shares of Kraft Heinz in a report on Thursday, September 14th. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Morgan Stanley cut their price objective 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. BMO Capital Markets cut their price objective on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a report on Thursday, November 2nd. Finally, BidaskClub raised shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $92.49.

Kraft Heinz Co (NASDAQ KHC) traded up $0.22 during midday trading on Friday, hitting $77.35. The stock had a trading volume of 4,223,283 shares, compared to its average volume of 3,440,000. The company has a market cap of $94,230.00 and a PE ratio of 24.10. Kraft Heinz Co has a 12 month low of $75.21 and a 12 month 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.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting 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 company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the business posted $0.83 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. equities research analysts forecast that Kraft Heinz Co will post 3.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Thursday, November 16th. Kraft Heinz’s dividend 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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