Kraft Heinz (NASDAQ:KHC) posted its earnings results on Friday. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06), Bloomberg Earnings reports. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.91 billion. During the same quarter in the prior year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was up .3% on a year-over-year basis.
Shares of Kraft Heinz (NASDAQ KHC) traded down $1.91 during mid-day trading on Friday, reaching $70.80. 15,010,000 shares of the company’s stock were exchanged, compared to its average volume of 5,000,000. The company has a market cap of $86,270.00 and a price-to-earnings ratio of 21.72. 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 has a fifty-two week low of $67.65 and a fifty-two week high of $97.77.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 3.53%. Kraft Heinz’s dividend payout ratio (DPR) is presently 76.69%.
A number of hedge funds have recently made changes to their positions in KHC. Vanguard Group Inc. grew its stake in shares of Kraft Heinz by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after acquiring an additional 487,241 shares in the last quarter. BlackRock Inc. grew its stake in shares of Kraft Heinz by 4.6% in the 4th quarter. BlackRock Inc. now owns 35,073,958 shares of the company’s stock worth $2,727,351,000 after acquiring an additional 1,551,823 shares in the last quarter. Magellan Asset Management Ltd grew its stake in shares of Kraft Heinz by 30.4% in the 4th quarter. Magellan Asset Management Ltd now owns 21,429,032 shares of the company’s stock worth $1,666,322,000 after acquiring an additional 4,998,778 shares in the last quarter. FMR LLC grew its stake in shares of Kraft Heinz by 30.0% in the 2nd 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. Finally, Bank of New York Mellon Corp grew its stake in shares of Kraft Heinz by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 7,946,677 shares of the company’s stock worth $617,932,000 after acquiring an additional 290,717 shares in the last quarter. Institutional investors and hedge funds own 61.93% of the company’s stock.
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About 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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