Kraft Heinz Co (KHC) Position Decreased by Global Financial Private Capital LLC

Global Financial Private Capital LLC trimmed its stake in Kraft Heinz Co (NASDAQ:KHC) by 15.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,808 shares of the company’s stock after selling 22,905 shares during the period. Global Financial Private Capital LLC’s holdings in Kraft Heinz were worth $7,099,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Integrated Investment Consultants LLC grew its holdings in shares of Kraft Heinz by 133.5% during the 2nd quarter. Integrated Investment Consultants LLC now owns 1,688 shares of the company’s stock worth $106,000 after purchasing an additional 965 shares in the last quarter. Stevens First Principles Investment Advisors acquired a new stake in shares of Kraft Heinz during the 2nd quarter worth approximately $108,000. Mainstay Capital Management LLC ADV grew its holdings in shares of Kraft Heinz by 5,429.3% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,414 shares of the company’s stock worth $108,000 after purchasing an additional 6,298 shares in the last quarter. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Kraft Heinz during the 2nd quarter worth approximately $113,000. Finally, Blume Capital Management Inc. grew its holdings in shares of Kraft Heinz by 166.7% during the 3rd quarter. Blume Capital Management Inc. now owns 2,080 shares of the company’s stock worth $115,000 after purchasing an additional 1,300 shares in the last quarter. 63.22% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz stock opened at $53.31 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $65.19 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.91 and a beta of 0.45. Kraft Heinz Co has a 52 week low of $50.41 and a 52 week high of $82.48.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.31 billion. Kraft Heinz had a return on equity of 6.62% and a net margin of 39.56%. Kraft Heinz’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Research analysts anticipate that Kraft Heinz Co will post 3.65 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 16th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date is Thursday, November 15th. Kraft Heinz’s dividend payout ratio is currently 70.42%.

KHC has been the topic of several recent research reports. Jefferies Financial Group reissued a “buy” rating and set a $75.00 price objective on shares of Kraft Heinz in a report on Tuesday, August 7th. Bank of America set a $85.00 price objective on Kraft Heinz and gave the stock a “buy” rating in a report on Monday, August 6th. Piper Jaffray Companies set a $62.00 price target on Kraft Heinz and gave the company a “buy” rating in a research note on Friday, November 2nd. UBS Group set a $65.00 price target on Kraft Heinz and gave the company a “buy” rating in a research note on Friday, November 2nd. Finally, Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Five research analysts have rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kraft Heinz has a consensus rating of “Hold” and a consensus target price of $67.09.

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Kraft Heinz Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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

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