Traders Buy Shares of Kraft Heinz (KHC) on Weakness

Investors bought shares of Kraft Heinz Co (NASDAQ:KHC) on weakness during trading on Tuesday. $99.80 million flowed into the stock on the tick-up and $46.52 million flowed out of the stock on the tick-down, for a money net flow of $53.28 million into the stock. Of all companies tracked, Kraft Heinz had the 8th highest net in-flow for the day. Kraft Heinz traded down ($0.74) for the day and closed at $77.02

KHC has been the topic of a number of research analyst reports. UBS Group restated a “buy” rating and set a $89.00 price objective (down previously from $97.00) on shares of Kraft Heinz in a research report on Friday, October 13th. Credit Suisse Group set a $100.00 price objective on shares of Kraft Heinz and gave the company a “buy” rating in a research report on Sunday, September 10th. Piper Jaffray Companies upgraded shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $92.00 to $90.00 in a research report on Friday, October 6th. Royal Bank of Canada restated a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a research report on Tuesday, October 3rd. Finally, Susquehanna Bancshares restated a “hold” rating and set a $84.00 price objective on shares of Kraft Heinz in a research report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $92.49.

The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The stock has a market cap of $93,830.00 and a PE ratio of 23.99.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting 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 business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period last year, the firm earned $0.83 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. equities analysts forecast that Kraft Heinz Co will post 3.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were given a $0.625 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.25%. Kraft Heinz’s payout ratio is presently 77.88%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Symphony Asset Management LLC increased its stake in shares of Kraft Heinz by 15.6% in the second quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock worth $2,772,000 after purchasing an additional 4,377 shares in the last quarter. Pennsylvania Trust Co increased its stake in shares of Kraft Heinz by 8.9% in the second quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock worth $5,663,000 after purchasing an additional 5,422 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in shares of Kraft Heinz by 40.9% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock worth $519,000 after purchasing an additional 1,760 shares in the last quarter. Creative Planning increased its stake in shares of Kraft Heinz by 1.9% in the second quarter. Creative Planning now owns 80,094 shares of the company’s stock worth $6,859,000 after purchasing an additional 1,485 shares in the last quarter. Finally, U S Global Investors Inc. purchased a new stake in shares of Kraft Heinz in the second quarter worth $388,000. Institutional investors and hedge funds own 62.02% of the company’s stock.

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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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