Murphy Capital Management Inc. cut its holdings in Kraft Heinz Co (NASDAQ:KHC) by 12.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,003 shares of the company’s stock after selling 2,443 shares during the period. Murphy Capital Management Inc.’s holdings in Kraft Heinz were worth $1,318,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of KHC. Westside Investment Management Inc. lifted its holdings in shares of Kraft Heinz by 16.6% in the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after buying an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of 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 worth $110,000 after buying an additional 950 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Kraft Heinz in the 2nd quarter worth $121,000. Blue Chip Partners Inc. lifted its holdings in shares of Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after buying an additional 8 shares during the period. Finally, GWM Advisors LLC purchased a new stake in shares of Kraft Heinz in the 2nd quarter worth $137,000. 62.06% of the stock is currently owned by institutional investors and hedge funds.
Kraft Heinz Co (NASDAQ:KHC) traded down $1.28 during midday trading on Tuesday, hitting $80.64. The stock had a trading volume of 3,247,987 shares, compared to its average volume of 3,102,482. Kraft Heinz Co has a 1-year low of $75.21 and a 1-year high of $97.77. The stock has a market capitalization of $98,951.79, a P/E ratio of 22.81, a PEG ratio of 2.25 and a beta of 0.45. 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 announced 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 firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. research analysts forecast that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.
The firm also recently announced 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 annualized dividend and a yield of 3.10%. Kraft Heinz’s dividend payout ratio (DPR) is 77.88%.
A number of equities research analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a research note on Thursday, September 21st. Credit Suisse Group set a $100.00 price objective on Kraft Heinz and gave the company a “buy” rating in a report on Sunday, September 10th. BMO Capital Markets reissued a “hold” rating and issued a $96.00 price objective on shares of Kraft Heinz in a report on Wednesday, September 6th. Finally, Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, August 21st. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $92.49.
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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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