Biltmore Family Office LLC purchased a new stake in Kraft Heinz Co (NASDAQ:KHC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,914 shares of the company’s stock, valued at approximately $1,626,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. Schafer Cullen Capital Management Inc. lifted its position in Kraft Heinz by 1.6% during the second quarter. Schafer Cullen Capital Management Inc. now owns 3,471 shares of the company’s stock worth $297,000 after acquiring an additional 55 shares during the last quarter. WFG Advisors LP raised its position in shares of Kraft Heinz by 13.4% in the second quarter. WFG Advisors LP now owns 4,385 shares of the company’s stock valued at $376,000 after buying an additional 517 shares in the last quarter. Aspen Investment Management Inc raised its position in Kraft Heinz by 17.6% during the third quarter. Aspen Investment Management Inc now owns 4,334 shares of the company’s stock valued at $336,000 after purchasing an additional 650 shares in the last quarter. National Planning Corp raised its position in Kraft Heinz by 7.9% during the third quarter. National Planning Corp now owns 9,009 shares of the company’s stock valued at $701,000 after purchasing an additional 660 shares in the last quarter. Finally, Greatmark Investment Partners Inc. raised its position in Kraft Heinz by 13.7% during the third quarter. Greatmark Investment Partners Inc. now owns 5,618 shares of the company’s stock valued at $436,000 after purchasing an additional 675 shares in the last quarter. 63.22% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:KHC traded down $0.77 during trading hours on Friday, reaching $60.54. The company’s stock had a trading volume of 3,920,149 shares, compared to its average volume of 5,140,434. The stock has a market cap of $74,814.61, a PE ratio of 17.05, a PEG ratio of 1.67 and a beta of 0.59. Kraft Heinz Co has a 1 year low of $59.48 and a 1 year high of $93.88. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 0.43.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Friday, February 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.91 billion. Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. Kraft Heinz’s revenue was up .3% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. sell-side analysts anticipate that Kraft Heinz Co will post 3.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 4.13%. The ex-dividend date was Thursday, March 8th. Kraft Heinz’s payout ratio is currently 70.42%.
A number of analysts have weighed in on KHC shares. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. Susquehanna Bancshares cut their price target on shares of Kraft Heinz from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Thursday, February 15th. Jefferies Group reaffirmed a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a research report on Friday, February 16th. Morgan Stanley set a $88.00 price objective on shares of Kraft Heinz and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, ValuEngine lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Monday. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Kraft Heinz presently has a consensus rating of “Buy” and an average price target of $83.37.
COPYRIGHT VIOLATION WARNING: “Biltmore Family Office LLC Invests $1.63 Million in Kraft Heinz Co (KHC)” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/04/07/biltmore-family-office-llc-purchases-shares-of-20914-kraft-heinz-co-khc.html.
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.
Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.