Advisor Group Inc. grew its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 16.5% during the 4th quarter, Holdings Channel reports. The firm owned 47,837 shares of the company’s stock after buying an additional 6,769 shares during the period. Advisor Group Inc.’s holdings in Kraft Heinz were worth $3,722,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Mountain Capital Investment Advisors Inc acquired a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $121,000. Rational Advisors LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth approximately $117,000. Cerebellum GP LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth approximately $124,000. GWM Advisors LLC acquired a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $137,000. Finally, Oakworth Capital Inc. increased its holdings in shares of Kraft Heinz by 76.5% during the 4th quarter. Oakworth Capital Inc. now owns 1,742 shares of the company’s stock worth $141,000 after acquiring an additional 755 shares during the last quarter. 63.24% of the stock is currently owned by hedge funds and other institutional investors.
KHC has been the topic of a number of recent analyst reports. BidaskClub lowered Kraft Heinz from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Jefferies Group initiated coverage on Kraft Heinz in a report on Friday, January 19th. They set a “buy” rating and a $95.00 target price on the stock. Piper Jaffray Companies reissued an “overweight” rating and set a $94.00 target price (up from $90.00) on shares of Kraft Heinz in a report on Tuesday, January 30th. Finally, Vetr raised Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 target price on the stock in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $85.78.
Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Friday, February 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.91 billion. Kraft Heinz had a net margin of 41.93% and a return on equity of 7.20%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. equities analysts predict that Kraft Heinz Co will post 3.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a dividend of $0.625 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.71%. Kraft Heinz’s payout ratio is 76.69%.
About 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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