Hutner Capital Management Inc. boosted its holdings in Kraft Heinz Co (NASDAQ:KHC) by 9.3% during the second quarter, Holdings Channel reports. The institutional investor owned 64,343 shares of the company’s stock after buying an additional 5,490 shares during the period. Kraft Heinz makes up 3.2% of Hutner Capital Management Inc.’s portfolio, making the stock its 13th biggest holding. Hutner Capital Management Inc.’s holdings in Kraft Heinz were worth $4,042,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of KHC. We Are One Seven LLC acquired a new position in shares of Kraft Heinz in the 4th quarter valued at about $107,000. Princeton Capital Management LLC acquired a new position in shares of Kraft Heinz in the 1st quarter valued at about $112,000. Rainier Group Investment Advisory LLC acquired a new position in shares of Kraft Heinz in the 1st quarter valued at about $118,000. Financial Gravity Wealth Inc. acquired a new position in shares of Kraft Heinz in the 1st quarter valued at about $126,000. Finally, Shamrock Asset Management LLC lifted its stake in shares of Kraft Heinz by 68.8% in the 1st quarter. Shamrock Asset Management LLC now owns 2,453 shares of the company’s stock valued at $139,000 after purchasing an additional 1,000 shares in the last quarter. 62.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:KHC traded up $0.48 during mid-day trading on Friday, hitting $64.43. 3,328,777 shares of the company traded hands, compared to its average volume of 5,167,664. The company has a market cap of $76.37 billion, a P/E ratio of 18.15, a PEG ratio of 1.98 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.42 and a current ratio of 0.72. Kraft Heinz Co has a 52-week low of $54.11 and a 52-week high of $90.38.
Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, May 2nd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. Kraft Heinz had a return on equity of 7.06% and a net margin of 42.41%. The business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same period last year, the business posted $0.84 EPS. The company’s revenue was down .3% on a year-over-year basis. analysts predict that Kraft Heinz Co will post 3.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, May 18th were issued a dividend of $0.625 per share. The ex-dividend date was Thursday, May 17th. This represents a $2.50 annualized dividend and a yield of 3.88%. Kraft Heinz’s dividend payout ratio is presently 70.42%.
Several equities analysts have recently weighed in on KHC shares. Zacks Investment Research lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, March 14th. Societe Generale started coverage on Kraft Heinz in a research note on Thursday, March 15th. They issued a “sell” rating on the stock. Barclays reduced their price objective on Kraft Heinz from $80.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, March 29th. ValuEngine lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, Piper Jaffray Companies set a $75.00 price objective on Kraft Heinz and gave the company a “buy” rating in a research note on Tuesday, April 3rd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Kraft Heinz currently has a consensus rating of “Hold” and a consensus target price of $77.85.
Kraft Heinz 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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