BB&T Securities LLC reduced its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,640 shares of the company’s stock after selling 1,722 shares during the period. BB&T Securities LLC’s holdings in Kraft Heinz were worth $8,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Iberiabank Corp increased its position in Kraft Heinz by 7.4% during the 3rd quarter. Iberiabank Corp now owns 20,479 shares of the company’s stock valued at $1,588,000 after buying an additional 1,415 shares in the last quarter. Gemmer Asset Management LLC increased its position in Kraft Heinz by 26.0% during the 4th quarter. Gemmer Asset Management LLC now owns 13,361 shares of the company’s stock valued at $1,039,000 after buying an additional 2,758 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Kraft Heinz by 198.3% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 401,219 shares of the company’s stock valued at $31,115,000 after buying an additional 266,720 shares in the last quarter. Albion Financial Group UT increased its position in Kraft Heinz by 3.7% during the 3rd quarter. Albion Financial Group UT now owns 47,757 shares of the company’s stock valued at $3,704,000 after buying an additional 1,719 shares in the last quarter. Finally, Ferris Capital LLC increased its position in Kraft Heinz by 18.1% during the 4th quarter. Ferris Capital LLC now owns 19,120 shares of the company’s stock valued at $1,487,000 after buying an additional 2,933 shares in the last quarter. 63.22% of the stock is currently owned by institutional investors.
Shares of Kraft Heinz Co (NASDAQ KHC) opened at $63.95 on Tuesday. Kraft Heinz Co has a one year low of $63.58 and a one year high of $93.88. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $79,665.73, a PE ratio of 7.14, a PEG ratio of 1.77 and a beta of 0.58.
Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same quarter in the previous year, the company earned $0.08 EPS. The firm’s quarterly revenue was up .3% compared to the same quarter last year. research analysts expect that Kraft Heinz Co will post 3.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a $0.625 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.91%. Kraft Heinz’s payout ratio is 27.90%.
Several research analysts recently issued reports on the company. Morgan Stanley reduced their target price on Kraft Heinz from $88.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 20th. Societe Generale initiated coverage on Kraft Heinz in a research note on Thursday, March 15th. They set a “sell” rating on the stock. Susquehanna Bancshares dropped their price target on Kraft Heinz from $80.00 to $77.00 and set a “neutral” rating on the stock in a research note on Thursday, February 15th. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $77.00 price target (down previously from $92.00) on shares of Kraft Heinz in a research note on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $85.78.
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Kraft Heinz Company 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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