Blue Rock Advisors LLC trimmed its holdings in Kraft Heinz Co (NASDAQ:KHC) by 30.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,000 shares of the company’s stock after selling 10,000 shares during the period. Kraft Heinz comprises about 2.7% of Blue Rock Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Blue Rock Advisors LLC’s holdings in Kraft Heinz were worth $1,783,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Blue Chip Partners Inc. lifted its position in shares of Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after buying an additional 8 shares in the last quarter. Martingale Asset Management L P lifted its position in shares of Kraft Heinz by 0.5% in the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after buying an additional 13 shares in the last quarter. Guardian Life Insurance Co. of America lifted its position in shares of Kraft Heinz by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after buying an additional 16 shares in the last quarter. Ropes Wealth Advisors LLC lifted its position in shares of Kraft Heinz by 0.4% in the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after buying an additional 17 shares in the last quarter. Finally, National Asset Management Inc. lifted its position in shares of Kraft Heinz by 0.5% in the first quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock worth $408,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.
A number of equities research analysts recently commented on the company. BidaskClub upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley reduced their price objective on Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. BMO Capital Markets reduced their price objective on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. Susquehanna Bancshares reduced their price objective on Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Finally, Credit Suisse Group reissued an “outperform” rating and set a $90.00 price objective (down from $100.00) on shares of Kraft Heinz in a research note on Thursday, November 2nd. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $92.49.
Kraft Heinz Co (NASDAQ:KHC) opened at $81.92 on Tuesday. The company has a market capitalization of $99,800.00 and a P/E ratio of 22.81. Kraft Heinz Co has a 52 week low of $75.21 and a 52 week 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.
Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. sell-side analysts forecast that Kraft Heinz Co will post 3.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend yield of 3.05%. Kraft Heinz’s dividend payout ratio is 77.88%.
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About 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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