Dynamo Internacional Gestao DE Recursos LTDA. cut its position in Kraft Heinz Co (NASDAQ:KHC) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 764,270 shares of the company’s stock after selling 32,380 shares during the quarter. Kraft Heinz comprises about 8.6% of Dynamo Internacional Gestao DE Recursos LTDA.’s portfolio, making the stock its 4th biggest holding. Dynamo Internacional Gestao DE Recursos LTDA. owned approximately 0.06% of Kraft Heinz worth $59,429,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. BlackRock Inc. raised its holdings in Kraft Heinz by 4.6% in the 4th quarter. BlackRock Inc. now owns 35,073,958 shares of the company’s stock valued at $2,727,351,000 after acquiring an additional 1,551,823 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Kraft Heinz by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 7,946,677 shares of the company’s stock valued at $617,932,000 after acquiring an additional 290,717 shares in the last quarter. Geode Capital Management LLC raised its holdings in Kraft Heinz by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 6,822,492 shares of the company’s stock valued at $529,480,000 after acquiring an additional 202,168 shares in the last quarter. American International Group Inc. raised its holdings in Kraft Heinz by 1,928.1% in the 4th quarter. American International Group Inc. now owns 6,110,926 shares of the company’s stock valued at $475,186,000 after acquiring an additional 5,809,615 shares in the last quarter. Finally, Standard Life Aberdeen plc raised its holdings in Kraft Heinz by 3.4% in the 4th quarter. Standard Life Aberdeen plc now owns 5,243,003 shares of the company’s stock valued at $407,826,000 after acquiring an additional 174,649 shares in the last quarter. Institutional investors and hedge funds own 63.24% of the company’s stock.
Shares of Kraft Heinz Co (NASDAQ KHC) traded down $0.79 on Wednesday, reaching $66.58. The company’s stock had a trading volume of 3,900,327 shares, compared to its average volume of 5,640,000. Kraft Heinz Co has a fifty-two week low of $66.22 and a fifty-two week high of $93.88. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 0.43. The firm has a market cap of $81,150.00 and a PE ratio of 20.42.
Kraft Heinz (NASDAQ:KHC) last issued its 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). Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The firm had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.91 billion. During the same period in the previous year, the company earned $0.08 EPS. Kraft Heinz’s revenue for the quarter was up .3% on a year-over-year basis. equities analysts forecast that Kraft Heinz Co will post 3.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.50 dividend on an annualized basis and a yield of 3.75%. Kraft Heinz’s payout ratio is presently 76.69%.
Several equities analysts have weighed in on KHC shares. BidaskClub cut Kraft Heinz from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Jefferies Group began coverage on Kraft Heinz in a report on Friday, January 19th. They set a “buy” rating and a $95.00 price target for the company. Piper Jaffray Companies reissued an “overweight” rating and set a $94.00 price target (up previously from $90.00) on shares of Kraft Heinz in a report on Tuesday, January 30th. Finally, Vetr raised Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 price target for the company in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Kraft Heinz presently has an average rating of “Buy” and an average price target of $85.78.
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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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