AGF Investments Inc. raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 889,198 shares of the company’s stock after buying an additional 9,866 shares during the quarter. AGF Investments Inc. owned about 0.07% of The Kraft Heinz worth $76,183,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of The Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after purchasing an additional 950 shares during the last quarter. V Wealth Management LLC bought a new stake in shares of The Kraft Heinz in the 2nd quarter valued at approximately $125,000. Blue Chip Partners Inc. lifted its stake in shares of The 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 last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of The Kraft Heinz in the 1st quarter valued at approximately $136,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of The Kraft Heinz by 7.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 61.79% of the company’s stock.
KHC has been the subject of a number of research analyst reports. BidaskClub lowered The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $91.00 price target (down from $99.00) on shares of The Kraft Heinz in a research note on Monday, July 10th. Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, July 29th. Finally, TheStreet raised The Kraft Heinz from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. 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 Kraft Heinz presently has a consensus rating of “Buy” and an average price target of $95.53.
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Shares of The Kraft Heinz Company (NASDAQ KHC) traded down 1.15% during trading on Friday, hitting $76.41. The stock had a trading volume of 398,307 shares. The stock has a market cap of $93.09 billion, a price-to-earnings ratio of 24.49 and a beta of 0.44. The stock’s 50-day moving average is $78.88 and its 200-day moving average is $85.78. The Kraft Heinz Company has a 12-month low of $76.12 and a 12-month high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.96 by $0.02. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The firm had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The Kraft Heinz’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities research analysts expect that The Kraft Heinz Company will post $3.24 EPS for the current year.
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.
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