HighPoint Advisor Group LLC continued to hold its stake in The Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,899 shares of the company’s stock at the close of the second quarter. HighPoint Advisor Group LLC’s holdings in The Kraft Heinz were worth $1,291,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of KHC. BlackRock Inc. raised its position in shares of The Kraft Heinz by 2,314.8% in the first 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 during the period. Morgan Stanley raised its position in shares of The Kraft Heinz by 55.6% in the first 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 period. FMR LLC raised its position in shares of The Kraft Heinz by 30.0% in the second 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 period. Vanguard Group Inc. raised its position in shares of The Kraft Heinz by 3.9% in the first 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 during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of The Kraft Heinz in the second quarter worth about $102,151,000. Institutional investors and hedge funds own 61.59% of the company’s stock.
A number of research analysts have weighed in on KHC shares. Zacks Investment Research downgraded shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Susquehanna Bancshares Inc restated a “hold” rating on shares of The Kraft Heinz in a research report on Tuesday, August 1st. BMO Capital Markets reduced their price target on shares of The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. BidaskClub upgraded shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Citigroup Inc. reduced their price target on shares of The Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The Kraft Heinz has a consensus rating of “Buy” and a consensus price target of $92.49.
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Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at $79.72 on Monday. The Kraft Heinz Company has a one year low of $75.21 and a one year high of $97.77. The stock has a market cap of $97,136.27, a PE ratio of 22.39, a P/E/G ratio of 2.21 and a beta of 0.43. 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The Kraft Heinz’s revenue was up .7% compared to the same quarter last year. equities analysts expect that The Kraft Heinz Company will post 3.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.14%. The Kraft Heinz’s dividend payout ratio is presently 77.88%.
About The 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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