Virtus Fund Advisers LLC lifted its position in Kraft Heinz Co (NASDAQ:KHC) by 1,123.1% in the 4th quarter, HoldingsChannel reports. The fund owned 865,149 shares of the company’s stock after buying an additional 794,415 shares during the period. Virtus Fund Advisers LLC’s holdings in Kraft Heinz were worth $67,274,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Ropes Wealth Advisors LLC lifted its position in Kraft Heinz by 0.4% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after buying an additional 17 shares in the last quarter. Linscomb & Williams Inc. lifted its position in Kraft Heinz by 0.3% in the 2nd quarter. Linscomb & Williams Inc. now owns 7,564 shares of the company’s stock worth $648,000 after buying an additional 21 shares in the last quarter. Comerica Securities Inc. lifted its position in Kraft Heinz by 0.3% in the 2nd quarter. Comerica Securities Inc. now owns 7,662 shares of the company’s stock worth $656,000 after buying an additional 23 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in Kraft Heinz by 0.4% in the 2nd quarter. Salem Investment Counselors Inc. now owns 6,295 shares of the company’s stock worth $539,000 after buying an additional 27 shares in the last quarter. Finally, Green Square Capital LLC lifted its position in Kraft Heinz by 0.9% in the 2nd quarter. Green Square Capital LLC now owns 4,543 shares of the company’s stock worth $389,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 61.93% of the company’s stock.
Kraft Heinz Co (KHC) opened at $70.80 on Friday. The firm has a market cap of $86,267.54, a price-to-earnings ratio of 7.90, a PEG ratio of 1.90 and a beta of 0.43. 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 twelve month low of $67.65 and a twelve month high of $97.77.
Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Friday, February 16th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The business had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.91 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. During the same quarter in the prior year, the business posted $0.08 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. sell-side analysts forecast that Kraft Heinz Co will post 3.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 3.53%. Kraft Heinz’s payout ratio is presently 27.90%.
A number of research firms have issued reports on KHC. Jefferies Group reiterated a “buy” rating and issued a $95.00 target price on shares of Kraft Heinz in a research report on Friday. Bank of America set a $100.00 target price on shares of Kraft Heinz and gave the stock a “buy” rating in a research report on Thursday. Susquehanna Bancshares cut their target price on shares of Kraft Heinz from $80.00 to $77.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley set a $88.00 target price on shares of Kraft Heinz and gave the stock a “buy” rating in a research report on Wednesday. Finally, Vetr upgraded shares of Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 target price for the company in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $91.89.
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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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