The Kraft Heinz Company (KHC) Shares Sold by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. reduced its stake in The Kraft Heinz Company (NASDAQ:KHC) by 78.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,622 shares of the company’s stock after selling 9,288 shares during the period. Financial Sense Advisors Inc.’s holdings in The Kraft Heinz were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Symphony Asset Management LLC lifted its position in shares of The Kraft Heinz by 15.6% in the 2nd quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock valued at $2,772,000 after acquiring an additional 4,377 shares in the last quarter. Pennsylvania Trust Co increased its stake in The Kraft Heinz by 8.9% in the 2nd quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock valued at $5,663,000 after buying an additional 5,422 shares during the period. Edmond DE Rothschild Holding S.A. increased its stake in The Kraft Heinz by 40.9% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock valued at $519,000 after buying an additional 1,760 shares during the period. Creative Planning increased its stake in The Kraft Heinz by 1.9% in the 2nd quarter. Creative Planning now owns 80,094 shares of the company’s stock valued at $6,859,000 after buying an additional 1,485 shares during the period. Finally, Vanguard Group Inc. increased its stake in The Kraft Heinz by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock valued at $3,651,416,000 after buying an additional 487,241 shares during the period. 61.79% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on KHC shares. UBS AG reiterated a “buy” rating and issued a $89.00 price objective (down previously from $97.00) on shares of The Kraft Heinz in a research note on Friday, October 13th. Credit Suisse Group set a $100.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Sunday, September 10th. BidaskClub upgraded shares of The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Piper Jaffray Companies upgraded shares of The Kraft Heinz from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $92.00 to $90.00 in a research note on Friday, October 6th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 price objective on shares of The Kraft Heinz in a research note on Tuesday, October 3rd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The Kraft Heinz has an average rating of “Buy” and a consensus price target of $92.49.

The Kraft Heinz Company (NASDAQ KHC) opened at $79.82 on Friday. The Kraft Heinz Company has a 12 month low of $75.21 and a 12 month high of $97.77. 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 stock has a market cap of $97,258.12, a price-to-earnings ratio of 22.42, a P/E/G ratio of 2.21 and a beta of 0.43.

The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.83. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the business posted $0.83 EPS. The Kraft Heinz’s revenue was up .7% compared to the same quarter last year. equities analysts anticipate 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. Investors of record on Friday, November 17th will be paid a $0.625 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.13%. The Kraft Heinz’s payout ratio is presently 77.88%.

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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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