Schroder Investment Management Group increased its holdings in Kraft Heinz Co (NASDAQ:KHC) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 639,843 shares of the company’s stock after purchasing an additional 45,323 shares during the quarter. Schroder Investment Management Group owned approximately 0.05% of Kraft Heinz worth $49,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. grew its stake in shares of Kraft Heinz by 16.6% in the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after purchasing an additional 172 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of Kraft Heinz in the second quarter worth about $121,000. Blue Chip Partners Inc. lifted its holdings in 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 during the period. Finally, GWM Advisors LLC purchased a new stake in Kraft Heinz in the second quarter worth about $137,000. 62.06% of the stock is currently owned by institutional investors.
Several analysts have commented on KHC shares. BMO Capital Markets lowered their price objective on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a report on Thursday, November 2nd. BidaskClub upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Citigroup lowered their price objective on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Piper Jaffray Companies upgraded shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $92.00 to $90.00 in a report on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $92.49.
Kraft Heinz Co (NASDAQ KHC) opened at $78.48 on Monday. Kraft Heinz Co has a 1-year low of $75.21 and a 1-year high of $97.77. The stock has a market cap of $95,625.38, a P/E ratio of 22.05, a PEG ratio of 2.17 and a beta of 0.45. 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 earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the business earned $0.83 earnings per share. The business’s revenue was up .7% on a year-over-year basis. sell-side analysts predict 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. Stockholders of record on Friday, November 17th will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.19%. Kraft Heinz’s payout ratio is 77.88%.
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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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