Fairbanks Capital Management Inc. Raises Stake in Kraft Heinz Co (KHC)

Fairbanks Capital Management Inc. lifted its position in Kraft Heinz Co (NASDAQ:KHC) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,590 shares of the company’s stock after acquiring an additional 1,300 shares during the quarter. Kraft Heinz accounts for approximately 1.3% of Fairbanks Capital Management Inc.’s holdings, making the stock its 22nd largest position. Fairbanks Capital Management Inc.’s holdings in Kraft Heinz were worth $1,364,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KHC. Putnam FL Investment Management Co. grew its position in shares of Kraft Heinz by 330.2% in the 1st quarter. Putnam FL Investment Management Co. now owns 18,240 shares of the company’s stock worth $1,656,000 after acquiring an additional 14,000 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in shares of Kraft Heinz in the 1st quarter worth approximately $987,000. Banco Santander S.A. boosted its position in Kraft Heinz by 3.2% during the 1st quarter. Banco Santander S.A. now owns 125,379 shares of the company’s stock valued at $11,386,000 after purchasing an additional 3,936 shares during the period. Guardian Life Insurance Co. of America boosted its position in Kraft Heinz by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after purchasing an additional 16 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Kraft Heinz during the 1st quarter valued at approximately $987,000. Institutional investors own 62.06% of the company’s stock.

Kraft Heinz Co (KHC) opened at $79.37 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. 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 $96,916.95, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 2.20 and a beta of 0.45.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results 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 company had revenue of $6.31 billion during the quarter, compared to analyst estimates 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. sell-side analysts expect that Kraft Heinz Co will post 3.61 earnings per share for the current fiscal year.

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

KHC has been the subject of a number of analyst reports. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. BMO Capital Markets restated a “hold” rating and set a $96.00 price objective on shares of Kraft Heinz in a research report on Wednesday, September 6th. Credit Suisse Group set a $100.00 price objective on Kraft Heinz and gave the company a “buy” rating in a research report on Sunday, September 10th. Susquehanna Bancshares restated a “hold” rating and set a $84.00 price objective on shares of Kraft Heinz in a research report on Thursday, September 14th. Finally, Royal Bank of Canada restated a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Kraft Heinz presently has a consensus rating of “Buy” and a consensus price target of $92.49.

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

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