QS Investors LLC increased its stake in Kraft Heinz Co (NASDAQ:KHC) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,420 shares of the company’s stock after purchasing an additional 4,090 shares during the quarter. QS Investors LLC’s holdings in Kraft Heinz were worth $3,998,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in KHC. Rational Advisors LLC bought a new stake in Kraft Heinz during the fourth quarter valued at about $117,000. Cerebellum GP LLC purchased a new position in shares of Kraft Heinz during the fourth quarter valued at about $124,000. Oakworth Capital Inc. grew its position in shares of Kraft Heinz by 76.5% during the fourth quarter. Oakworth Capital Inc. now owns 1,742 shares of the company’s stock valued at $141,000 after purchasing an additional 755 shares in the last quarter. Rockefeller Financial Services Inc. grew its position in shares of Kraft Heinz by 438.4% during the third quarter. Rockefeller Financial Services Inc. now owns 1,793 shares of the company’s stock valued at $139,000 after purchasing an additional 1,460 shares in the last quarter. Finally, Truewealth LLC purchased a new position in shares of Kraft Heinz during the fourth quarter valued at about $143,000. 63.24% of the stock is currently owned by institutional investors.
A number of research analysts have recently weighed in on the company. Credit Suisse Group upgraded Kraft Heinz to a “buy” rating and set a $77.00 price objective for the company in a research report on Monday, February 26th. DZ Bank upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. Barclays restated a “buy” rating and set a $80.00 price objective (down previously from $94.00) on shares of Kraft Heinz in a research report on Sunday, February 18th. Piper Jaffray Companies restated an “overweight” rating and set a $94.00 price objective (up previously from $90.00) on shares of Kraft Heinz in a research report on Tuesday, January 30th. Finally, Argus restated a “buy” rating and set a $74.00 price objective (down previously from $93.00) on shares of Kraft Heinz in a research report on Wednesday, March 7th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.78.
Kraft Heinz Co (NASDAQ:KHC) opened at $65.36 on Friday. The company has a market capitalization of $79,787.62, a PE ratio of 7.29, a P/E/G ratio of 1.77 and a beta of 0.58. Kraft Heinz Co has a 12-month low of $64.94 and a 12-month high of $93.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.72 and a quick ratio of 0.44.
Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.08 EPS. analysts expect that Kraft Heinz Co will post 3.85 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a $0.625 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.50 annualized dividend and a yield of 3.82%. Kraft Heinz’s dividend payout ratio is currently 27.90%.
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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