The Kraft Heinz Company (NASDAQ:KHC) Sees Large Drop in Short Interest

The Kraft Heinz Company (NASDAQ:KHC) saw a significant decrease in short interest in October. As of October 13th, there was short interest totalling 14,092,118 shares, a decrease of 8.3% from the September 29th total of 15,368,466 shares. Based on an average daily volume of 2,910,502 shares, the short-interest ratio is presently 4.8 days. Approximately 1.5% of the shares of the stock are sold short.

A number of hedge funds and other institutional investors have recently bought and sold shares of KHC. Waldron LP boosted its stake in The Kraft Heinz by 5.8% during the 1st quarter. Waldron LP now owns 4,518 shares of the company’s stock valued at $410,000 after acquiring an additional 247 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of The Kraft Heinz by 54.8% during the first quarter. Toronto Dominion Bank now owns 166,143 shares of the company’s stock worth $15,087,000 after purchasing an additional 58,832 shares during the period. Scout Investments Inc. acquired a new stake in shares of The Kraft Heinz during the first quarter worth $210,000. Fairbanks Capital Management Inc. raised its holdings in shares of The Kraft Heinz by 6.4% during the first quarter. Fairbanks Capital Management Inc. now owns 14,911 shares of the company’s stock worth $1,354,000 after purchasing an additional 892 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of The Kraft Heinz during the first quarter worth $136,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.



Several analysts have issued reports on the stock. BidaskClub raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday. Morgan Stanley reduced their price target on shares of The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Berenberg Bank set a $102.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Monday, August 7th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $85.00 price objective (down previously from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. Finally, BMO Capital Markets cut their price objective on shares of The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $92.49.

Shares of The Kraft Heinz (NASDAQ:KHC) traded up $0.31 during mid-day trading on Friday, hitting $79.72. 3,402,900 shares of the stock traded hands, compared to its average volume of 3,088,500. The stock has a market capitalization of $96,758.55, a P/E ratio of 22.31, a PEG ratio of 2.20 and a beta of 0.43. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The Kraft Heinz has a fifty-two week low of $75.21 and a fifty-two week high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. research analysts forecast that The Kraft Heinz will post 3.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.14%. The Kraft Heinz’s dividend payout ratio (DPR) is 77.88%.

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About The 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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