Whitnell & Co. Reduces Position in The Kraft Heinz Company (KHC)

Whitnell & Co. lowered its stake in The Kraft Heinz Company (NASDAQ:KHC) by 8.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,780 shares of the company’s stock after selling 1,075 shares during the quarter. Whitnell & Co.’s holdings in The Kraft Heinz were worth $914,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of The Kraft Heinz by 1.2% during 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 during the last quarter. BlackRock Inc. boosted its stake in shares of The Kraft Heinz by 1.7% during the 2nd quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock worth $2,835,974,000 after acquiring an additional 562,183 shares during the last quarter. State Street Corp boosted its stake in shares of The Kraft Heinz by 2.8% during the 1st quarter. State Street Corp now owns 24,579,995 shares of the company’s stock worth $2,232,113,000 after acquiring an additional 680,941 shares during the last quarter. FMR LLC boosted its stake in shares of 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 during the last quarter. Finally, Morgan Stanley boosted its stake in shares of 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 during the last quarter. Institutional investors own 61.79% of the company’s stock.

Several brokerages have recently weighed in on KHC. BidaskClub upgraded shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Morgan Stanley dropped their price target on shares of The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. BMO Capital Markets dropped their price target on shares of The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. Susquehanna Bancshares Inc dropped their price target on shares of The Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $90.00 price target (down previously from $100.00) on shares of The Kraft Heinz in a research note on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The Kraft Heinz has a consensus rating of “Buy” and a consensus target price of $92.49.

Shares of The Kraft Heinz Company (NASDAQ KHC) opened at $79.76 on Monday. The company has a market cap of $97,185.01, a price-to-earnings ratio of 22.40, a PEG ratio of 2.21 and a beta of 0.43. The Kraft Heinz Company has a 52-week low of $75.21 and a 52-week high of $97.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The firm 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 company’s revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. analysts anticipate that The Kraft Heinz Company will post 3.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.13%. The Kraft Heinz’s payout ratio is 77.88%.

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The Kraft Heinz Company 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 The Kraft Heinz (NASDAQ:KHC)

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