North Star Asset Management Inc. lessened its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,251 shares of the company’s stock after selling 150 shares during the period. North Star Asset Management Inc.’s holdings in The Kraft Heinz were worth $1,220,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in KHC. BlackRock Inc. lifted its stake in shares of The Kraft Heinz by 2,314.8% during the first quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock valued at $2,956,129,000 after acquiring an additional 31,204,852 shares during the period. Morgan Stanley lifted its stake in The Kraft Heinz by 55.6% in the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after buying an additional 2,988,664 shares during the period. FMR LLC increased its holdings in shares of The Kraft Heinz by 30.0% in the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after acquiring an additional 2,659,846 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of The Kraft Heinz by 3.9% in the first quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock worth $3,827,601,000 after acquiring an additional 1,585,231 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of The Kraft Heinz in the second quarter worth about $102,151,000. Institutional investors own 61.59% of the company’s stock.
A number of research firms recently issued reports on KHC. BidaskClub upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $85.00 price objective (down from $94.00) on shares of The Kraft Heinz in a report on Wednesday, August 9th. TheStreet upgraded The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Finally, Morgan Stanley decreased their price objective on The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $92.49.
The Kraft Heinz Company (NASDAQ KHC) opened at $79.38 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The firm has a market capitalization of $97,294.67, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43. The Kraft Heinz Company has a one year low of $75.21 and a one year high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. equities research analysts predict that The Kraft Heinz Company will post 3.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a $0.625 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.15%. The Kraft Heinz’s payout ratio is 77.88%.
The Kraft Heinz 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.
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