Paloma Partners Management Co raised its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 42.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,832 shares of the company’s stock after purchasing an additional 31,433 shares during the quarter. Paloma Partners Management Co’s holdings in Kraft Heinz were worth $8,152,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KHC. BlackRock Inc. boosted its holdings in shares of Kraft Heinz by 4.6% in the 4th quarter. BlackRock Inc. now owns 35,073,958 shares of the company’s stock worth $2,727,351,000 after acquiring an additional 1,551,823 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Kraft Heinz by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 7,946,677 shares of the company’s stock worth $617,932,000 after acquiring an additional 290,717 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kraft Heinz by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 6,822,492 shares of the company’s stock worth $529,480,000 after acquiring an additional 202,168 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Kraft Heinz by 1,928.1% in the 4th quarter. American International Group Inc. now owns 6,110,926 shares of the company’s stock worth $475,186,000 after acquiring an additional 5,809,615 shares in the last quarter. Finally, Standard Life Aberdeen plc boosted its holdings in shares of Kraft Heinz by 3.4% in the 4th quarter. Standard Life Aberdeen plc now owns 5,243,003 shares of the company’s stock worth $407,826,000 after acquiring an additional 174,649 shares in the last quarter. 63.24% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on the company. Credit Suisse Group raised Kraft Heinz to a “buy” rating and set a $77.00 target price on the stock in a report on Monday, February 26th. DZ Bank raised Kraft Heinz from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. Barclays reissued a “buy” rating and issued a $80.00 target price (down from $94.00) on shares of Kraft Heinz in a report on Sunday, February 18th. Piper Jaffray Companies reissued an “overweight” rating and issued a $94.00 target price (up from $90.00) on shares of Kraft Heinz in a report on Tuesday, January 30th. Finally, Argus reissued a “buy” rating and issued a $74.00 target price (down from $93.00) on shares of Kraft Heinz in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $85.78.
Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06). The business had revenue of $6.88 billion for 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 was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. equities analysts expect that Kraft Heinz Co will post 3.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, March 8th. Kraft Heinz’s payout ratio is 27.90%.
Kraft Heinz Company 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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