Fuller & Thaler Asset Management Inc. Sells 1,900 Shares of Kraft Heinz Co (KHC)

Fuller & Thaler Asset Management Inc. lowered its stake in Kraft Heinz Co (NASDAQ:KHC) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,550 shares of the company’s stock after selling 1,900 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Kraft Heinz were worth $3,610,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. raised its stake in shares of Kraft Heinz by 16.6% in the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after buying an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after buying an additional 950 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in Kraft Heinz during the 2nd quarter valued at approximately $121,000. Blue Chip Partners Inc. raised its stake in Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after purchasing an additional 8 shares during the period. Finally, GWM Advisors LLC bought a new stake in Kraft Heinz during the 2nd quarter valued at approximately $137,000. 62.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kraft Heinz Co (KHC) opened at $80.64 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. Kraft Heinz Co has a 12 month low of $75.21 and a 12 month high of $97.77. The stock has a market capitalization of $99,816.90, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 2.27 and a beta of 0.45.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business 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 company posted $0.83 EPS. The company’s revenue was up .7% compared to the same quarter last year. sell-side analysts expect that Kraft Heinz Co will post 3.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Thursday, November 16th. Kraft Heinz’s payout ratio is 77.88%.

Several analysts recently issued reports on KHC shares. Royal Bank Of Canada reissued a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a research note on Friday, September 1st. Credit Suisse Group set a $100.00 target price on Kraft Heinz and gave the company a “buy” rating in a research note on Sunday, September 10th. Stifel Nicolaus reissued a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a research note on Thursday, September 21st. UBS reissued a “buy” rating and set a $89.00 target price (down previously from $97.00) on shares of Kraft Heinz in a research note on Friday, October 13th. Finally, Susquehanna Bancshares reissued a “hold” rating and set a $84.00 target price on shares of Kraft Heinz in a research note on Thursday, September 14th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Kraft Heinz presently has an average rating of “Buy” and an average target price of $92.49.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://sportsperspectives.com/2017/12/06/fuller-thaler-asset-management-inc-sells-1900-shares-of-kraft-heinz-co-khc.html.

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.

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

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

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

Latest News

Leave a Reply