Bronfman E.L. Rothschild L.P. cut its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 10.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,709 shares of the company’s stock after selling 573 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Kraft Heinz were worth $203,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in KHC. Brandywine Global Investment Management LLC bought a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $28,130,000. Brinker Capital Inc. increased its holdings in shares of Kraft Heinz by 9.9% in the 4th quarter. Brinker Capital Inc. now owns 26,919 shares of the company’s stock valued at $1,159,000 after acquiring an additional 2,430 shares during the last quarter. Nicholas Company Inc. increased its holdings in shares of Kraft Heinz by 17.2% in the 4th quarter. Nicholas Company Inc. now owns 137,855 shares of the company’s stock valued at $5,933,000 after acquiring an additional 20,270 shares during the last quarter. Avalon Advisors LLC increased its holdings in shares of Kraft Heinz by 1,292.1% in the 4th quarter. Avalon Advisors LLC now owns 104,951 shares of the company’s stock valued at $4,517,000 after acquiring an additional 97,412 shares during the last quarter. Finally, Lido Advisors LLC bought a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $295,000. 61.76% of the stock is currently owned by hedge funds and other institutional investors.
KHC has been the subject of a number of research analyst reports. Berenberg Bank set a $60.00 price target on Kraft Heinz and gave the company a “buy” rating in a report on Tuesday, January 22nd. Standpoint Research initiated coverage on Kraft Heinz in a report on Wednesday, December 26th. They issued a “buy” rating for the company. TheStreet downgraded Kraft Heinz from a “c-” rating to a “d+” rating in a report on Wednesday, March 13th. Barclays downgraded Kraft Heinz from an “overweight” rating to an “equal weight” rating in a report on Friday, February 22nd. Finally, Morgan Stanley upgraded Kraft Heinz from an “underweight” rating to an “equal weight” rating and set a $35.00 price target for the company in a report on Monday, March 4th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. Kraft Heinz presently has an average rating of “Hold” and a consensus target price of $45.35.
Shares of KHC opened at $32.02 on Thursday. The firm has a market cap of $39.18 billion, a P/E ratio of 9.15, a P/E/G ratio of 2.42 and a beta of 0.58. 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 12 month low of $31.53 and a 12 month high of $64.99.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.10). The company 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 earnings per share. On average, equities analysts forecast that Kraft Heinz Co will post 2.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.00%. Kraft Heinz’s payout ratio is currently 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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