GWM Advisors LLC Takes $137,000 Position in The Kraft Heinz Company (KHC)

GWM Advisors LLC purchased a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,654 shares of the company’s stock, valued at approximately $137,000.

A number of other large investors also recently bought and sold shares of KHC. Westside Investment Management Inc. raised its stake in The Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after purchasing an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of The Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after acquiring an additional 950 shares during the period. V Wealth Management LLC purchased a new position in shares of The Kraft Heinz in the 2nd quarter valued at $125,000. Blue Chip Partners Inc. raised its stake 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 acquiring an additional 8 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of The Kraft Heinz by 7.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after acquiring an additional 100 shares during the period. 61.59% of the stock is currently owned by institutional investors.

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A number of equities analysts have recently commented on KHC shares. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. 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 note on Saturday, July 29th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of The Kraft Heinz in a research note on Tuesday, August 1st. TheStreet raised shares of The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Finally, Berenberg Bank set a $102.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Monday, August 7th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $92.49.

Shares of The Kraft Heinz Company (KHC) opened at $79.38 on Wednesday. The Kraft Heinz Company has a one year low of $75.21 and a one year high of $97.77. The stock has a market cap of $97,294.67, a price-to-earnings ratio of 22.43, a P/E/G ratio of 2.21 and a beta of 0.43. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48.

The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (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 firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. analysts expect that The Kraft Heinz Company will post 3.61 earnings per share for the current fiscal year.

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

The Kraft Heinz Company Profile

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.

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

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