Meadow Creek Investment Management LLC cut its holdings in Kraft Heinz Co (NASDAQ:KHC) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,704 shares of the company’s stock after selling 3,668 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Kraft Heinz were worth $10,163,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of KHC. U S Global Investors Inc. purchased a new stake in Kraft Heinz during the second quarter worth $388,000. Iberiabank Corp boosted its position in Kraft Heinz by 7.4% during the third quarter. Iberiabank Corp now owns 20,479 shares of the company’s stock worth $1,588,000 after purchasing an additional 1,415 shares in the last quarter. Gemmer Asset Management LLC boosted its position in Kraft Heinz by 26.0% during the fourth quarter. Gemmer Asset Management LLC now owns 13,361 shares of the company’s stock worth $1,039,000 after purchasing an additional 2,758 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Kraft Heinz by 198.3% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 401,219 shares of the company’s stock worth $31,115,000 after purchasing an additional 266,720 shares in the last quarter. Finally, Albion Financial Group UT boosted its position in Kraft Heinz by 3.7% during the third quarter. Albion Financial Group UT now owns 47,757 shares of the company’s stock worth $3,704,000 after purchasing an additional 1,719 shares in the last quarter. Hedge funds and other institutional investors own 63.24% of the company’s stock.
A number of research firms have commented on KHC. Morgan Stanley decreased their target price on Kraft Heinz from $88.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 20th. Susquehanna Bancshares decreased their target price on Kraft Heinz from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Thursday, February 15th. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Credit Suisse Group reiterated an “outperform” rating and set a $77.00 target price (down from $92.00) on shares of Kraft Heinz in a research report on Tuesday, February 20th. Finally, Vetr upgraded Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 target price on the stock in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average 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 for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.06). Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The company had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.91 billion. During the same period last year, the firm earned $0.08 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. equities research analysts anticipate that Kraft Heinz Co will post 3.85 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.71%. Kraft Heinz’s dividend payout ratio (DPR) is 76.69%.
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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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