Stratos Wealth Partners LTD. raised its stake in Kraft Heinz Co (NASDAQ:KHC) by 14.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,996 shares of the company’s stock after acquiring an additional 1,851 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Kraft Heinz were worth $826,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. grew its position in shares of Kraft Heinz by 80.7% during the 3rd quarter. Pittenger & Anderson Inc. now owns 28,410 shares of the company’s stock worth $1,566,000 after purchasing an additional 12,685 shares in the last quarter. Tredje AP fonden grew its position in shares of Kraft Heinz by 69.9% during the 2nd quarter. Tredje AP fonden now owns 128,756 shares of the company’s stock worth $8,088,000 after purchasing an additional 52,959 shares in the last quarter. Strategic Advisors LLC grew its position in shares of Kraft Heinz by 38.8% during the 2nd quarter. Strategic Advisors LLC now owns 24,710 shares of the company’s stock worth $1,552,000 after purchasing an additional 6,908 shares in the last quarter. Loudon Investment Management LLC acquired a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $2,713,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Kraft Heinz by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,208,820 shares of the company’s stock worth $138,759,000 after purchasing an additional 94,749 shares in the last quarter. 63.22% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ KHC opened at $53.99 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 company has a market cap of $65.30 billion, a P/E ratio of 15.00, a PEG ratio of 2.39 and a beta of 0.45. Kraft Heinz Co has a 1 year low of $50.41 and a 1 year high of $82.48.
Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). The firm had revenue of $6.38 billion for 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%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 EPS. Equities analysts expect that Kraft Heinz Co will post 3.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 16th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.50 annualized dividend and a dividend yield of 4.63%. Kraft Heinz’s dividend payout ratio is 70.42%.
A number of brokerages have issued reports on KHC. Zacks Investment Research lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, September 5th. Bank of America set a $85.00 target price on shares of Kraft Heinz and gave the stock a “buy” rating in a research report on Monday, August 6th. BidaskClub upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. BMO Capital Markets decreased their target price on shares of Kraft Heinz from $67.00 to $61.00 and set a “market perform” rating on the stock in a research report on Monday, November 5th. Finally, Susquehanna Bancshares restated a “negative” rating and set a $47.00 target price (down previously from $59.00) on shares of Kraft Heinz in a research report on Friday, November 2nd. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $67.09.
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.
Further Reading: Technical Analysis
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