Falcon Edge Capital LP Has $27.81 Million Holdings in The Kraft Heinz Company (KHC)

Falcon Edge Capital LP cut its position in The Kraft Heinz Company (NASDAQ:KHC) by 25.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 324,700 shares of the company’s stock after selling 113,300 shares during the period. The Kraft Heinz accounts for 4.9% of Falcon Edge Capital LP’s investment portfolio, making the stock its 7th largest holding. Falcon Edge Capital LP’s holdings in The Kraft Heinz were worth $27,807,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Blue Chip Partners Inc. grew its position in shares of The Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after buying an additional 8 shares during the last quarter. Martingale Asset Management L P grew its position in shares of The Kraft Heinz by 0.5% in the 2nd quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock valued at $234,000 after buying an additional 13 shares during the last quarter. Guardian Life Insurance Co. of America grew its position in shares of The Kraft Heinz by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after buying an additional 16 shares during the last quarter. Ropes Wealth Advisors LLC grew its position in shares of The Kraft Heinz by 0.4% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock valued at $329,000 after buying an additional 17 shares during the last quarter. Finally, National Asset Management Inc. grew its position in shares of The Kraft Heinz by 0.5% in the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after buying an additional 21 shares during the last quarter. 61.69% of the stock is currently owned by institutional investors.

A number of research firms recently commented on KHC. Morgan Stanley dropped their target price on shares of The Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 target price on shares of The Kraft Heinz in a research report on Thursday, September 21st. Credit Suisse Group set a $100.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Sunday, September 10th. BMO Capital Markets reaffirmed a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research report on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $92.49.

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Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at $79.41 on Friday. The Kraft Heinz Company has a 52 week low of $75.21 and a 52 week high of $97.77. The company has a market cap of $96,965.69, a price-to-earnings ratio of 22.35, a PEG ratio of 2.16 and a beta of 0.43. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48.

The Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter last year, the business earned $0.83 EPS. The business’s revenue was up .7% on a year-over-year basis. equities research analysts expect that The Kraft Heinz Company will post 3.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.

About The Kraft Heinz

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

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

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