Captrust Financial Advisors acquired a new stake in Kraft Heinz Co (NASDAQ:KHC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,191 shares of the company’s stock, valued at approximately $1,026,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schafer Cullen Capital Management Inc. raised its stake in shares of Kraft Heinz by 1.6% during the second quarter. Schafer Cullen Capital Management Inc. now owns 3,471 shares of the company’s stock worth $297,000 after purchasing an additional 55 shares during the last quarter. High Falls Advisors Inc raised its stake in shares of Kraft Heinz by 9.1% during the second quarter. High Falls Advisors Inc now owns 3,592 shares of the company’s stock worth $308,000 after purchasing an additional 300 shares during the last quarter. National Asset Management Inc. raised its stake in shares of Kraft Heinz by 8.6% during the second quarter. National Asset Management Inc. now owns 4,860 shares of the company’s stock worth $417,000 after purchasing an additional 383 shares during the last quarter. WFG Advisors LP raised its stake in shares of Kraft Heinz by 13.4% during the second quarter. WFG Advisors LP now owns 4,385 shares of the company’s stock worth $376,000 after purchasing an additional 517 shares during the last quarter. Finally, Aspen Investment Management Inc raised its stake in shares of Kraft Heinz by 17.6% during the third quarter. Aspen Investment Management Inc now owns 4,334 shares of the company’s stock worth $336,000 after purchasing an additional 650 shares during the last quarter. Institutional investors own 63.24% of the company’s stock.
Several research firms have recently commented on KHC. Argus restated a “buy” rating and set a $74.00 price target (down previously from $93.00) on shares of Kraft Heinz in a research note on Wednesday, March 7th. DZ Bank upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. Credit Suisse Group upgraded Kraft Heinz to a “buy” rating and set a $77.00 price target for the company in a research note on Monday, February 26th. Piper Jaffray Companies restated an “overweight” rating and set a $94.00 price target (up previously from $90.00) on shares of Kraft Heinz in a research note on Tuesday, January 30th. Finally, Susquehanna Bancshares set a $80.00 price target on Kraft Heinz and gave the stock a “hold” rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $85.78.
Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data 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 business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. equities analysts expect that Kraft Heinz Co will post 3.85 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 3.71%. The ex-dividend date is Thursday, March 8th. Kraft Heinz’s payout ratio is 76.69%.
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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