Cipher Capital LP lifted its holdings in Kraft Heinz Co (NASDAQ:KHC) by 106.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,273 shares of the company’s stock after acquiring an additional 39,859 shares during the period. Cipher Capital LP’s holdings in Kraft Heinz were worth $5,992,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Kraft Heinz by 1.2% in the second quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after acquiring an additional 487,241 shares in the last quarter. BlackRock Inc. increased its position in shares of Kraft Heinz by 1.7% in the second quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock worth $2,835,974,000 after acquiring an additional 562,183 shares in the last quarter. State Street Corp increased its position in shares of Kraft Heinz by 2.8% in the first quarter. State Street Corp now owns 24,579,995 shares of the company’s stock worth $2,232,113,000 after acquiring an additional 680,941 shares in the last quarter. FMR LLC grew its holdings in Kraft Heinz by 30.0% during the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after purchasing an additional 2,659,846 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Kraft Heinz by 55.6% during the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after purchasing an additional 2,988,664 shares in the last quarter. 62.06% of the stock is owned by institutional investors.
KHC has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BMO Capital Markets reaffirmed a “hold” rating and set a $96.00 price target on shares of Kraft Heinz in a report on Wednesday, September 6th. Credit Suisse Group set a $100.00 price target on shares of Kraft Heinz and gave the company a “buy” rating in a report on Sunday, September 10th. Susquehanna Bancshares reaffirmed a “hold” rating and set a $84.00 price target on shares of Kraft Heinz in a report on Thursday, September 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a report on Friday, September 1st. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Kraft Heinz currently has an average rating of “Buy” and a consensus price target of $92.49.
Kraft Heinz Co (KHC) opened at $81.92 on Tuesday. The firm has a market cap of $99,800.00 and a price-to-earnings ratio of 22.81. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. Kraft Heinz Co has a fifty-two week low of $75.21 and a fifty-two week high of $97.77.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. sell-side analysts predict that Kraft Heinz Co will post 3.61 earnings per share for the current 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 issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, November 16th. Kraft Heinz’s dividend payout ratio is currently 77.88%.
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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.
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