Quantitative Systematic Strategies LLC increased its holdings in Kraft Heinz Co (NASDAQ:KHC) by 56.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,697 shares of the company’s stock after buying an additional 19,997 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Kraft Heinz were worth $1,819,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Farmers Trust Co. raised its stake in Kraft Heinz by 24.4% during the 1st quarter. Farmers Trust Co. now owns 76,507 shares of the company’s stock worth $2,498,000 after acquiring an additional 14,986 shares in the last quarter. Aspire Private Capital LLC purchased a new position in Kraft Heinz during the 4th quarter worth $129,000. Nicholas Company Inc. grew its position in Kraft Heinz by 17.2% during the 4th quarter. Nicholas Company Inc. now owns 137,855 shares of the company’s stock worth $5,933,000 after purchasing an additional 20,270 shares during the last quarter. Cerebellum GP LLC grew its position in Kraft Heinz by 83.3% during the 4th quarter. Cerebellum GP LLC now owns 5,821 shares of the company’s stock worth $251,000 after purchasing an additional 2,646 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Kraft Heinz by 2.5% during the 3rd 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 during the last quarter. 62.45% of the stock is owned by institutional investors.
Shares of NASDAQ KHC opened at $33.14 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. Kraft Heinz Co has a 52 week low of $31.53 and a 52 week high of $64.99. The stock has a market capitalization of $40.41 billion, a P/E ratio of 9.39, a P/E/G ratio of 2.60 and a beta of 0.58.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.10). Kraft Heinz had a negative net margin of 38.95% and a positive return on equity of 6.89%. The company had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the business earned $0.90 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts anticipate that Kraft Heinz Co will post 2.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is 45.33%.
Several research analysts have issued reports on KHC shares. Standpoint Research started coverage on shares of Kraft Heinz in a research report on Wednesday, December 26th. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. ValuEngine downgraded shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 2nd. Guggenheim started coverage on shares of Kraft Heinz in a research report on Tuesday, January 22nd. They set a “neutral” rating on the stock. Finally, Berenberg Bank set a $60.00 price objective on shares of Kraft Heinz and gave the stock a “buy” rating in a research report on Tuesday, January 22nd. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.64.
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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