US Bancorp DE trimmed its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC – Free Report) by 8.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 112,672 shares of the company’s stock after selling 10,006 shares during the period. US Bancorp DE’s holdings in Kraft Heinz were worth $4,000,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairfield Bush & CO. bought a new position in Kraft Heinz during the 1st quarter valued at about $65,000. Acadian Asset Management LLC lifted its holdings in Kraft Heinz by 197.7% during the 1st quarter. Acadian Asset Management LLC now owns 2,331 shares of the company’s stock valued at $90,000 after purchasing an additional 1,548 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in Kraft Heinz by 4.0% during the 1st quarter. Raymond James Trust N.A. now owns 15,846 shares of the company’s stock valued at $624,000 after purchasing an additional 614 shares during the last quarter. Sei Investments Co. lifted its holdings in Kraft Heinz by 208.7% during the 1st quarter. Sei Investments Co. now owns 116,373 shares of the company’s stock valued at $4,679,000 after purchasing an additional 78,677 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Kraft Heinz during the 1st quarter valued at about $293,000. 75.39% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on KHC. HSBC initiated coverage on shares of Kraft Heinz in a report on Friday, September 22nd. They set a “hold” rating and a $38.00 price target for the company. StockNews.com initiated coverage on shares of Kraft Heinz in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Mizuho dropped their target price on shares of Kraft Heinz from $50.00 to $47.00 in a research note on Monday, July 31st. TD Cowen initiated coverage on shares of Kraft Heinz in a research note on Wednesday, September 13th. They issued a “market perform” rating and a $35.00 target price for the company. Finally, Barclays dropped their target price on shares of Kraft Heinz from $38.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and a consensus target price of $40.50.
Kraft Heinz Stock Up 0.4 %
Shares of NASDAQ KHC opened at $33.79 on Tuesday. The stock has a market cap of $41.44 billion, a P/E ratio of 13.96, a P/E/G ratio of 2.44 and a beta of 0.69. The firm has a 50 day moving average price of $32.85 and a 200 day moving average price of $34.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 1.00. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $42.80.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. The firm had revenue of $6.57 billion during the quarter, compared to analysts’ expectations of $6.70 billion. Kraft Heinz had a net margin of 11.00% and a return on equity of 7.63%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share. Analysts expect that The Kraft Heinz Company will post 2.96 EPS for the current year.
Kraft Heinz Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Thursday, November 30th. Kraft Heinz’s dividend payout ratio (DPR) is presently 66.12%.
Kraft Heinz Profile
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.
- Five stocks we like better than Kraft Heinz
- 3 Tickers Leading a Meme Stock Revival
- Safeguard your portfolio with these three bargain stocks
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Membership clubs gain leverage for the consumer rebound
- Basic Materials Stocks Investing
- Advanced Auto Parts may be worth more in pieces than the whole
Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.