Calamos Advisors LLC boosted its holdings in Kraft Heinz Co (NASDAQ:KHC) by 1.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,290 shares of the company’s stock after acquiring an additional 940 shares during the period. Calamos Advisors LLC’s holdings in Kraft Heinz were worth $3,242,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Kraft Heinz by 2.5% during the third quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after purchasing an additional 1,123,288 shares in the last quarter. Vanguard Group Inc lifted its stake in Kraft Heinz by 2.5% during the third quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after purchasing an additional 1,123,288 shares in the last quarter. BlackRock Inc. lifted its stake in Kraft Heinz by 2.8% during the fourth quarter. BlackRock Inc. now owns 37,036,208 shares of the company’s stock worth $1,594,037,000 after purchasing an additional 999,937 shares in the last quarter. Morgan Stanley lifted its stake in Kraft Heinz by 3.9% during the third quarter. Morgan Stanley now owns 12,113,755 shares of the company’s stock worth $667,589,000 after purchasing an additional 451,572 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Kraft Heinz by 6,999.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,500,383 shares of the company’s stock worth $244,000 after purchasing an additional 10,352,489 shares in the last quarter. Hedge funds and other institutional investors own 62.45% of the company’s stock.
A number of analysts have recently weighed in on the company. BidaskClub raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Friday, April 5th. Deutsche Bank lowered Kraft Heinz from a “buy” rating to a “hold” rating and cut their price objective for the stock from $58.00 to $52.00 in a research report on Tuesday, February 5th. JPMorgan Chase & Co. lowered Kraft Heinz from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $52.00 to $37.00 in a research report on Friday, February 22nd. Argus lowered Kraft Heinz from a “buy” rating to a “hold” rating and set a $34.35 price objective on the stock. in a research report on Tuesday, February 26th. Finally, UBS Group lowered Kraft Heinz from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $39.00 in a research report on Friday, February 22nd. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.64.
Shares of KHC stock opened at $33.14 on Tuesday. The stock has a market cap of $40.25 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 2.60 and a beta of 0.58. Kraft Heinz Co has a 1 year low of $31.53 and a 1 year high of $64.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 1.22.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.10). The firm had revenue of $6.89 billion for 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%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 EPS. Analysts predict that Kraft Heinz Co will post 2.82 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 4.83%. Kraft Heinz’s dividend payout ratio (DPR) is 45.33%.
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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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