Gulf International Bank UK Ltd decreased its stake in Kraft Heinz Co (NASDAQ:KHC) by 30.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,645 shares of the company’s stock after selling 65,006 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Kraft Heinz were worth $6,268,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in Kraft Heinz by 2.2% during the second quarter. Janus Henderson Group PLC now owns 109,099 shares of the company’s stock valued at $6,853,000 after buying an additional 2,322 shares during the last quarter. FMR LLC boosted its stake in Kraft Heinz by 34.4% during the second quarter. FMR LLC now owns 8,254,817 shares of the company’s stock valued at $518,567,000 after buying an additional 2,111,198 shares during the last quarter. Van ECK Associates Corp bought a new position in Kraft Heinz during the second quarter valued at approximately $670,000. First Republic Investment Management Inc. boosted its stake in Kraft Heinz by 63.3% during the second quarter. First Republic Investment Management Inc. now owns 73,648 shares of the company’s stock valued at $4,626,000 after buying an additional 28,538 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Kraft Heinz by 11.2% during the second quarter. Macquarie Group Ltd. now owns 105,264 shares of the company’s stock valued at $6,613,000 after buying an additional 10,600 shares during the last quarter. Institutional investors and hedge funds own 62.62% of the company’s stock.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine lowered Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 2nd. Standpoint Research assumed coverage on Kraft Heinz in a research note on Wednesday, December 26th. They issued a “buy” rating for the company. Berenberg Bank set a $64.00 price objective on Kraft Heinz and gave the company a “buy” rating in a research note on Tuesday, November 20th. Finally, BidaskClub lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Seven equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $66.89.
Shares of KHC stock opened at $45.13 on Thursday. Kraft Heinz Co has a 52-week low of $41.60 and a 52-week high of $80.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.57. The company has a market cap of $54.25 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.03). The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.31 billion. Kraft Heinz had a return on equity of 6.62% and a net margin of 39.56%. Kraft Heinz’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. Research analysts expect that Kraft Heinz Co will post 3.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 16th were issued a dividend of $0.625 per share. The ex-dividend date was Thursday, November 15th. This represents a $2.50 annualized dividend and a yield of 5.54%. Kraft Heinz’s payout ratio is currently 70.42%.
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Kraft Heinz Company Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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