Tdam USA Inc. Trims Stake in Kraft Heinz Co (KHC)

Tdam USA Inc. trimmed its position in Kraft Heinz Co (NASDAQ:KHC) by 6.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,464 shares of the company’s stock after selling 1,801 shares during the quarter. Tdam USA Inc.’s holdings in Kraft Heinz were worth $1,975,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KHC. Symphony Asset Management LLC raised its stake in shares of Kraft Heinz by 15.6% during the second quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock valued at $2,772,000 after acquiring an additional 4,377 shares in the last quarter. Pennsylvania Trust Co boosted its holdings in Kraft Heinz by 8.9% in the second quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock valued at $5,663,000 after purchasing an additional 5,422 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Kraft Heinz by 40.9% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock worth $519,000 after acquiring an additional 1,760 shares in the last quarter. Creative Planning boosted its stake in shares of Kraft Heinz by 1.9% during the 2nd quarter. Creative Planning now owns 80,094 shares of the company’s stock worth $6,859,000 after acquiring an additional 1,485 shares in the last quarter. Finally, U S Global Investors Inc. purchased a new stake in shares of Kraft Heinz during the 2nd quarter worth about $388,000. 62.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kraft Heinz Co (KHC) opened at $78.48 on Friday. The company has a market cap of $98,074.48, a PE ratio of 22.61, a P/E/G ratio of 2.23 and a beta of 0.45. Kraft Heinz Co has a fifty-two week low of $75.21 and a fifty-two week high of $97.77. 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 (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates 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 net margin of 15.03% and a return on equity of 7.49%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. 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. Shareholders of record on Friday, November 17th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, November 16th. Kraft Heinz’s payout ratio is currently 77.88%.

Several research firms recently weighed in on KHC. BidaskClub downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. Morgan Stanley reduced their price target on shares of Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Piper Jaffray Companies set a $92.00 price objective on shares of Kraft Heinz and gave the company a “hold” rating in a report on Wednesday, August 16th. Finally, Citigroup dropped their price target on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Kraft Heinz currently has an average rating of “Buy” and an average target price 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.

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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