Rathbone Brothers plc grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,420 shares of the company’s stock after purchasing an additional 1,343 shares during the quarter. Rathbone Brothers plc’s holdings in The Kraft Heinz were worth $13,139,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in The Kraft Heinz by 2,314.8% during the 1st quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock worth $2,956,129,000 after acquiring an additional 31,204,852 shares in the last quarter. Morgan Stanley raised its stake in The Kraft Heinz by 55.6% during the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock worth $759,605,000 after acquiring an additional 2,988,664 shares in the last quarter. FMR LLC raised its stake in The Kraft Heinz by 30.0% during 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. Vanguard Group Inc. raised its stake in The Kraft Heinz by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock worth $3,827,601,000 after acquiring an additional 1,585,231 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in The Kraft Heinz during the 2nd quarter worth $102,151,000. Institutional investors and hedge funds own 61.79% of the company’s stock.
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A number of research firms have commented on KHC. TheStreet upgraded shares of The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Berenberg Bank set a $102.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Monday, August 7th. 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 Saturday, August 5th. Royal Bank Of Canada restated a “buy” rating and issued a $95.00 price objective on shares of The Kraft Heinz in a research note on Friday, September 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $95.00 price objective on shares of The Kraft Heinz in a research note on Thursday, September 21st. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $92.49.
Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at $79.93 on Tuesday. The firm has a market cap of $97,010.00 and a PE ratio of 22.37. 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 Kraft Heinz Company has a fifty-two week low of $75.21 and a fifty-two week high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. sell-side analysts expect that The Kraft Heinz Company will post 3.61 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s payout ratio is 77.88%.
The 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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