Cypress Wealth Advisors LLC reduced its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 13.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,279 shares of the company’s stock after selling 1,135 shares during the quarter. Cypress Wealth Advisors LLC’s holdings in The Kraft Heinz were worth $623,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings 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 purchasing an additional 31,204,852 shares in the last quarter. Morgan Stanley increased its holdings 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 purchasing an additional 2,988,664 shares in the last quarter. FMR LLC increased its holdings 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 purchasing an additional 2,659,846 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 purchasing an additional 1,585,231 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in The Kraft Heinz during the 2nd quarter worth approximately $102,151,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.
The Kraft Heinz Company (KHC) opened at $79.85 on Tuesday. The Kraft Heinz Company has a twelve month low of $75.21 and a twelve month high of $97.77. The firm has a market capitalization of $97,136.27, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The Kraft Heinz’s revenue was up .7% compared to the same quarter last year. equities research analysts predict that The Kraft Heinz Company will post 3.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.13%. The ex-dividend date is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio (DPR) is 77.88%.
KHC has been the subject of a number of recent research reports. UBS AG reissued a “buy” rating and set a $89.00 price objective (down from $97.00) on shares of The Kraft Heinz in a report on Friday, October 13th. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the stock a “buy” rating in a report on Sunday, September 10th. BidaskClub raised The Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Piper Jaffray Companies raised The Kraft Heinz from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $92.00 to $90.00 in a report on Friday, October 6th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $95.00 price objective on shares of The Kraft Heinz in a report on Tuesday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $92.49.
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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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