Mathes Company Inc. Sells 17,425 Shares of The Kraft Heinz Company (KHC)

Mathes Company Inc. lessened its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 47.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 19,332 shares of the company’s stock after selling 17,425 shares during the period. Mathes Company Inc.’s holdings in The Kraft Heinz were worth $1,499,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Symphony Asset Management LLC grew its holdings in The Kraft Heinz by 15.6% during the second quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock valued at $2,772,000 after purchasing an additional 4,377 shares during the period. Pennsylvania Trust Co grew its holdings in The Kraft Heinz by 8.9% during the second quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock valued at $5,663,000 after purchasing an additional 5,422 shares during the period. Edmond DE Rothschild Holding S.A. grew its holdings in The Kraft Heinz by 40.9% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock valued at $519,000 after purchasing an additional 1,760 shares during the period. Creative Planning grew its holdings in The Kraft Heinz by 1.9% during the second quarter. Creative Planning now owns 80,094 shares of the company’s stock valued at $6,859,000 after purchasing an additional 1,485 shares during the period. Finally, Green Valley Investors LLC grew its holdings in The Kraft Heinz by 153.4% during the second quarter. Green Valley Investors LLC now owns 498,156 shares of the company’s stock valued at $42,662,000 after purchasing an additional 301,583 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

The Kraft Heinz Company (NASDAQ KHC) opened at $79.63 on Friday. The Kraft Heinz Company has a one year low of $75.21 and a one year high of $97.77. The company has a market capitalization of $97,026.60, a P/E ratio of 22.37, a P/E/G ratio of 2.20 and a beta of 0.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. equities analysts anticipate that The Kraft Heinz Company will post 3.61 EPS for the current 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 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s payout ratio is presently 77.88%.

Several research firms have issued reports on KHC. BidaskClub raised The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Morgan Stanley dropped their price objective on The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. BMO Capital Markets dropped their price objective on The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. Susquehanna Bancshares Inc dropped their price objective on The Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $90.00 price objective (down previously from $100.00) on shares of The Kraft Heinz in a research note on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $92.49.

ILLEGAL ACTIVITY WARNING: “Mathes Company Inc. Sells 17,425 Shares of The Kraft Heinz Company (KHC)” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://sportsperspectives.com/2017/11/19/mathes-company-inc-sells-17425-shares-of-the-kraft-heinz-company-khc.html.

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.

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kraft Heinz Company (NASDAQ:KHC).

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

Receive News & Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply