Hodges Capital Management Inc. lowered its position in Kraft Heinz Co (NASDAQ:KHC) by 72.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,994 shares of the company’s stock after selling 18,275 shares during the quarter. Hodges Capital Management Inc.’s holdings in Kraft Heinz were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Kraft Heinz by 2.5% in the third quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after acquiring an additional 1,123,288 shares during the last quarter. Vanguard Group Inc boosted its holdings in Kraft Heinz by 2.5% in the third quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after acquiring an additional 1,123,288 shares during the last quarter. BlackRock Inc. boosted its holdings in Kraft Heinz by 2.8% in the fourth quarter. BlackRock Inc. now owns 37,036,208 shares of the company’s stock valued at $1,594,037,000 after acquiring an additional 999,937 shares during the last quarter. Morgan Stanley boosted its holdings in Kraft Heinz by 3.9% in the third quarter. Morgan Stanley now owns 12,113,755 shares of the company’s stock valued at $667,589,000 after acquiring an additional 451,572 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Kraft Heinz by 6,999.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,500,383 shares of the company’s stock valued at $244,000 after acquiring an additional 10,352,489 shares during the last quarter. 62.45% of the stock is owned by institutional investors.
Kraft Heinz stock opened at $33.04 on Wednesday. The company has a market cap of $40.41 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 2.61 and a beta of 0.58. Kraft Heinz Co has a 52-week low of $31.53 and a 52-week high of $64.99. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59.
Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.10). The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate 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 previous year, the company posted $0.90 earnings per share. As a group, sell-side analysts forecast 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is currently 45.33%.
Several brokerages recently commented on KHC. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Credit Suisse Group reiterated an “underperform” rating on shares of Kraft Heinz in a report on Friday, March 8th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $35.00 target price on shares of Kraft Heinz in a report on Monday, March 4th. Barclays cut Kraft Heinz from an “overweight” rating to an “equal weight” rating in a report on Friday, February 22nd. Finally, Wolfe Research cut Kraft Heinz from a “peer perform” rating to an “underperform” rating and set a $27.00 price target on the stock. in a report on Friday, March 29th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. Kraft Heinz has an average rating of “Hold” and an average 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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