New York State Common Retirement Fund lessened its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 7.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,586,207 shares of the company’s stock after selling 119,731 shares during the period. New York State Common Retirement Fund owned about 0.13% of The Kraft Heinz worth $135,843,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Symphony Asset Management LLC raised its holdings in shares of The Kraft Heinz by 15.6% during the second quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock worth $2,772,000 after acquiring an additional 4,377 shares in the last quarter. Pennsylvania Trust Co raised its holdings in The Kraft Heinz by 8.9% during the second quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock valued at $5,663,000 after buying an additional 5,422 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in The Kraft Heinz by 40.9% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock valued at $519,000 after buying an additional 1,760 shares in the last quarter. Creative Planning raised its holdings in The Kraft Heinz by 1.9% during the second quarter. Creative Planning now owns 80,094 shares of the company’s stock valued at $6,859,000 after buying an additional 1,485 shares in the last quarter. Finally, Tiedemann Wealth Management LLC raised its holdings in The Kraft Heinz by 6.4% during the first quarter. Tiedemann Wealth Management LLC now owns 47,256 shares of the company’s stock valued at $4,291,000 after buying an additional 2,861 shares in the last quarter. 61.69% of the stock is owned by institutional investors and hedge funds.
Shares of The Kraft Heinz Company (NASDAQ KHC) traded up $0.31 during midday trading on Friday, reaching $79.72. 3,402,900 shares of the company were exchanged, compared to its average volume of 3,088,500. The Kraft Heinz Company has a 12-month low of $75.21 and a 12-month high of $97.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. The firm has a market cap of $96,758.55, a price-to-earnings ratio of 22.31, a PEG ratio of 2.20 and a beta of 0.43.
The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the prior year, the business posted $0.83 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. analysts expect that The Kraft Heinz Company will post 3.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.14%. The Kraft Heinz’s payout ratio is 77.88%.
ILLEGAL ACTIVITY WARNING: “New York State Common Retirement Fund Has $135.84 Million Position in The Kraft Heinz Company (KHC)” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/11/new-york-state-common-retirement-fund-trims-stake-in-the-kraft-heinz-company-khc.html.
A number of equities research analysts recently weighed in on the company. BidaskClub raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday. Morgan Stanley decreased their target price on The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. BMO Capital Markets decreased their price objective on The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a report on Thursday, November 2nd. Susquehanna Bancshares Inc decreased their price objective on The Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $90.00 target price (down from $100.00) on shares of The Kraft Heinz in a report on Thursday, November 2nd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $92.49.
The 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.
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.