Private Advisor Group LLC lowered its position in Kraft Heinz Co (NASDAQ:KHC) by 4.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,264 shares of the company’s stock after selling 3,403 shares during the period. Private Advisor Group LLC’s holdings in Kraft Heinz were worth $5,358,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of KHC. Westside Investment Management Inc. boosted its stake in Kraft Heinz by 16.6% in the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after purchasing an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Kraft Heinz in the 2nd quarter worth approximately $121,000. Blue Chip Partners Inc. boosted its stake in Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares in the last quarter. Finally, GWM Advisors LLC acquired a new stake in Kraft Heinz in the 2nd quarter worth approximately $137,000. 62.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kraft Heinz Co (NASDAQ:KHC) opened at $78.98 on Friday. 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 12 month low of $75.21 and a 12 month high of $97.77. The company has a market cap of $96,198.05, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 2.19 and a beta of 0.45.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the business posted $0.83 EPS. The business’s quarterly revenue was up .7% compared to the same quarter last year. equities research analysts predict that Kraft Heinz Co will post 3.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, November 16th. Kraft Heinz’s payout ratio is 77.88%.
KHC has been the subject of a number of recent analyst reports. UBS reiterated a “buy” rating and issued a $89.00 target price (down from $97.00) on shares of Kraft Heinz in a research note on Friday, October 13th. Credit Suisse Group set a $100.00 target price on shares of Kraft Heinz and gave the stock a “buy” rating in a research note on Sunday, September 10th. Piper Jaffray Companies upgraded shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $92.00 to $90.00 in a research note on Friday, October 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $95.00 target price on shares of Kraft Heinz in a research note on Tuesday, October 3rd. Finally, Susquehanna Bancshares reiterated a “hold” rating and issued a $84.00 target price on shares of Kraft Heinz in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $92.49.
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Kraft Heinz 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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