Kraft Heinz Co (KHC) Shares Bought by Gemmer Asset Management LLC

Gemmer Asset Management LLC raised its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 9.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,760 shares of the company’s stock after buying an additional 1,595 shares during the quarter. Gemmer Asset Management LLC’s holdings in Kraft Heinz were worth $613,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KHC. Clifford Swan Investment Counsel LLC grew its holdings in Kraft Heinz by 0.7% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 33,710 shares of the company’s stock valued at $1,451,000 after purchasing an additional 225 shares during the period. North Star Investment Management Corp. grew its holdings in Kraft Heinz by 0.4% during the fourth quarter. North Star Investment Management Corp. now owns 60,799 shares of the company’s stock valued at $2,617,000 after purchasing an additional 237 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in Kraft Heinz by 4.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,511 shares of the company’s stock valued at $237,000 after purchasing an additional 239 shares during the period. OLD Second National Bank of Aurora grew its holdings in Kraft Heinz by 7.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 3,577 shares of the company’s stock valued at $154,000 after purchasing an additional 250 shares during the period. Finally, Delta Asset Management LLC TN grew its holdings in Kraft Heinz by 3.5% during the fourth quarter. Delta Asset Management LLC TN now owns 7,466 shares of the company’s stock valued at $320,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 62.45% of the company’s stock.

NASDAQ:KHC opened at $33.04 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $40.29 billion, a P/E ratio of 9.36, a PEG ratio of 2.61 and a beta of 0.58. Kraft Heinz Co has a 12 month low of $31.53 and a 12 month high of $64.99.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.10). The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. Kraft Heinz’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. On average, equities research analysts anticipate that Kraft Heinz Co will post 2.82 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.40 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.84%. Kraft Heinz’s dividend payout ratio is currently 45.33%.

Several research firms have issued reports on KHC. BidaskClub raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Friday, April 5th. Wolfe Research lowered Kraft Heinz from a “peer perform” rating to an “underperform” rating and set a $27.00 price objective for the company. in a research note on Friday, March 29th. TheStreet lowered Kraft Heinz from a “c-” rating to a “d+” rating in a research note on Wednesday, March 13th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Kraft Heinz in a research note on Friday, March 8th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of Kraft Heinz in a research note on Monday, March 4th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Kraft Heinz currently has an average rating of “Hold” and a consensus target price of $42.64.

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About Kraft Heinz

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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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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