Mackenzie Financial Corp grew its position in Kraft Heinz Co (NASDAQ:KHC) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 403,684 shares of the company’s stock after purchasing an additional 9,884 shares during the quarter. Mackenzie Financial Corp’s holdings in Kraft Heinz were worth $31,306,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. boosted 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 valued at $100,000 after buying an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted 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 valued at $110,000 after buying an additional 950 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in shares of Kraft Heinz in the second quarter valued at approximately $121,000. Blue Chip Partners Inc. boosted its stake 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 valued at $127,000 after buying an additional 8 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Kraft Heinz by 7.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after buying an additional 100 shares during the period. 62.06% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the company. BidaskClub cut Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Susquehanna Bancshares restated a “hold” rating and set a $84.00 target price on shares of Kraft Heinz in a research note on Thursday, September 14th. Credit Suisse Group set a $100.00 target price on Kraft Heinz and gave the stock a “buy” rating in a research note on Sunday, September 10th. Finally, BMO Capital Markets restated a “hold” rating and set a $96.00 target price on shares of Kraft Heinz in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Kraft Heinz presently has an average rating of “Buy” and a consensus target price of $92.49.
Shares of Kraft Heinz Co (NASDAQ KHC) opened at $78.98 on Friday. 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 Co has a 12 month low of $75.21 and a 12 month high of $97.77. The firm has a market capitalization of $96,198.05, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 2.19 and a beta of 0.45.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. The company had revenue of $6.31 billion during 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 company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. equities analysts anticipate that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.
The business also recently declared 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 of this dividend is Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.17%. Kraft Heinz’s dividend payout ratio (DPR) is presently 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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