Investors Buy Shares of Kraft Heinz (KHC) on Weakness

Investors purchased shares of Kraft Heinz Co (NASDAQ:KHC) on weakness during trading hours on Thursday. $62.86 million flowed into the stock on the tick-up and $36.85 million flowed out of the stock on the tick-down, for a money net flow of $26.01 million into the stock. Of all stocks tracked, Kraft Heinz had the 14th highest net in-flow for the day. Kraft Heinz traded down ($0.76) for the day and closed at $77.13

A number of analysts have recently issued reports on KHC shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a report on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a report on Thursday, September 21st. UBS Group reaffirmed a “buy” rating and set a $89.00 price target (down previously from $97.00) on shares of Kraft Heinz in a report on Friday, October 13th. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Susquehanna Bancshares reaffirmed a “hold” rating and set a $84.00 price target on shares of Kraft Heinz in a report on Thursday, September 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $92.49.

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The firm has a market capitalization of $93,960.00 and a price-to-earnings ratio of 24.03.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The company 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. analysts expect that Kraft Heinz Co will post 3.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Thursday, November 16th. Kraft Heinz’s payout ratio is 77.88%.

Several institutional investors and hedge funds have recently bought and sold shares of KHC. Westside Investment Management Inc. raised its stake in Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after acquiring an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Kraft Heinz by 287.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after acquiring an additional 950 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in Kraft Heinz during the 2nd quarter worth approximately $121,000. Blue Chip Partners Inc. raised its stake in Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after acquiring an additional 8 shares during the period. Finally, GWM Advisors LLC bought a new stake in Kraft Heinz during the 2nd quarter worth approximately $137,000. 62.02% of the stock is currently owned by institutional investors.

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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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