AGF Investments Inc. increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 889,198 shares of the company’s stock after acquiring an additional 9,866 shares during the quarter. AGF Investments Inc. owned approximately 0.07% of The Kraft Heinz worth $76,183,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of KHC. BlackRock Inc. boosted its stake in The Kraft Heinz by 2,314.8% during the first quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock worth $2,956,129,000 after acquiring an additional 31,204,852 shares in the last quarter. Morgan Stanley boosted its stake in The Kraft Heinz by 55.6% during the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock worth $759,605,000 after acquiring an additional 2,988,664 shares in the last quarter. Vanguard Group Inc. boosted its stake in The Kraft Heinz by 3.9% during the first quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock worth $3,827,601,000 after acquiring an additional 1,585,231 shares in the last quarter. Thornburg Investment Management Inc. boosted its stake in The Kraft Heinz by 9,061.9% during the first quarter. Thornburg Investment Management Inc. now owns 1,145,240 shares of the company’s stock worth $103,999,000 after acquiring an additional 1,132,740 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in The Kraft Heinz by 128.3% during the second quarter. Principal Financial Group Inc. now owns 1,932,498 shares of the company’s stock worth $165,499,000 after acquiring an additional 1,086,062 shares in the last quarter. 61.76% of the stock is currently owned by institutional investors and hedge funds.
WARNING: “The Kraft Heinz Company (KHC) Shares Bought by AGF Investments Inc.” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2017/10/18/the-kraft-heinz-company-khc-shares-bought-by-agf-investments-inc.html.
Shares of The Kraft Heinz Company (KHC) opened at 77.54 on Wednesday. The stock has a 50 day moving average of $79.73 and a 200 day moving average of $86.54. The Kraft Heinz Company has a one year low of $76.76 and a one year high of $97.77. The stock has a market cap of $94.46 billion, a P/E ratio of 24.85 and a beta of 0.44.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The company had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The Kraft Heinz’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. On average, analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current year.
Several research analysts recently issued reports on KHC shares. TheStreet raised shares of The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Berenberg Bank set a $102.00 price objective on shares of The Kraft Heinz and gave the stock a “buy” rating in a report on Monday, August 7th. Credit Suisse Group set a $100.00 price objective on shares of The Kraft Heinz and gave the stock a “buy” rating in a report on Saturday, August 5th. Royal Bank Of Canada restated a “buy” rating and set a $95.00 price objective on shares of The Kraft Heinz in a report on Friday, September 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $95.00 price objective on shares of The Kraft Heinz in a report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $95.53.
The 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.
Receive News & Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related companies with MarketBeat.com's FREE daily email newsletter.