Kraft Foods (KHC) Holdings Increased by Norinchukin Bank The

Norinchukin Bank The raised its holdings in shares of Kraft Foods (NASDAQ:KHC) by 9.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 85,074 shares of the company’s stock after purchasing an additional 7,070 shares during the period. Norinchukin Bank The’s holdings in Kraft Foods were worth $5,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Stonebridge Capital Advisors LLC boosted its stake in Kraft Foods by 4.2% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 50,250 shares of the company’s stock valued at $3,907,000 after purchasing an additional 2,007 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Kraft Foods by 41.4% in the 4th quarter. Mackenzie Financial Corp now owns 570,817 shares of the company’s stock worth $44,387,000 after buying an additional 167,133 shares during the last quarter. Ferris Capital LLC boosted its stake in shares of Kraft Foods by 18.1% in the 4th quarter. Ferris Capital LLC now owns 19,120 shares of the company’s stock worth $1,487,000 after buying an additional 2,933 shares during the last quarter. Banco de Sabadell S.A purchased a new position in shares of Kraft Foods in the 4th quarter worth $401,000. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Kraft Foods by 9.0% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 130,838 shares of the company’s stock worth $10,173,000 after buying an additional 10,803 shares during the last quarter. Institutional investors and hedge funds own 62.31% of the company’s stock.

Shares of Kraft Foods stock opened at $57.77 on Monday. Kraft Foods has a one year low of $54.11 and a one year high of $93.88. The firm has a market capitalization of $70.43 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.82 and a beta of 0.61. The company has a current ratio of 0.72, a quick ratio of 0.42 and a debt-to-equity ratio of 0.43.

Kraft Foods (NASDAQ:KHC) last announced its earnings results on Wednesday, May 2nd. The company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.07. Kraft Foods had a return on equity of 7.06% and a net margin of 42.41%. The company had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.32 billion. During the same period last year, the firm earned $0.84 EPS. Kraft Foods’s revenue for the quarter was down .3% compared to the same quarter last year. analysts forecast that Kraft Foods will post 3.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, May 18th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $2.50 dividend on an annualized basis and a yield of 4.33%. Kraft Foods’s dividend payout ratio is currently 70.42%.

A number of equities analysts have recently issued reports on KHC shares. Morgan Stanley dropped their price target on Kraft Foods from $73.00 to $66.00 and set a “buy” rating on the stock in a research note on Thursday, May 3rd. BidaskClub downgraded Kraft Foods from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 23rd. Susquehanna Bancshares dropped their price target on Kraft Foods from $80.00 to $77.00 and set a “neutral” rating on the stock in a research note on Thursday, February 15th. Jefferies Group restated a “buy” rating and issued a $95.00 price target on shares of Kraft Foods in a research note on Friday, February 16th. Finally, ValuEngine downgraded Kraft Foods from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Four analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $77.85.

In other Kraft Foods news, Director Mackey J. Mcdonald purchased 669 shares of the firm’s stock in a transaction on Monday, April 2nd. The shares were acquired at an average cost of $60.27 per share, with a total value of $40,320.63. Following the completion of the acquisition, the director now directly owns 17,486 shares in the company, valued at $1,053,881.22. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 26.81% of the stock is currently owned by company insiders.

Kraft Foods Company 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.

Institutional Ownership by Quarter for Kraft Foods (NASDAQ:KHC)

Receive News & Ratings for Kraft Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply