Viking Fund Management LLC bought a new stake in shares of Kraft Heinz Co (NASDAQ:KHC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $933,000.
Other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its stake in shares of Kraft Heinz by 16.6% during the 2nd 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 last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of 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 valued at $110,000 after buying an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in shares of Kraft Heinz during the 2nd quarter valued at approximately $121,000. Blue Chip Partners Inc. boosted its stake in shares of Kraft Heinz by 0.5% during the 2nd 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 last quarter. Finally, GWM Advisors LLC purchased a new position in shares of Kraft Heinz during the 2nd quarter valued at approximately $137,000. Institutional investors own 62.01% of the company’s stock.
Kraft Heinz Co (NASDAQ KHC) opened at $79.66 on Friday. Kraft Heinz Co has a one year low of $75.21 and a one year high of $97.77. The stock has a market capitalization of $96,587.95, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.01 and a beta of 0.45. 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 (NASDAQ:KHC) last posted its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.83. The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the business posted $0.83 earnings per share. analysts predict that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.
Several equities analysts have recently commented on KHC shares. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. Morgan Stanley reduced their target price on Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. BMO Capital Markets reduced their target price on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. BidaskClub upgraded Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, UBS Group reiterated a “buy” rating and set a $89.00 target price (down from $97.00) on shares of Kraft Heinz in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $92.65.
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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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