WINTON GROUP Ltd increased its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 4,521.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,528 shares of the company’s stock after purchasing an additional 182,492 shares during the period. WINTON GROUP Ltd’s holdings in Kraft Heinz were worth $10,280,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in KHC. Integrated Investment Consultants LLC lifted its holdings in Kraft Heinz by 133.5% during the second quarter. Integrated Investment Consultants LLC now owns 1,688 shares of the company’s stock worth $106,000 after acquiring an additional 965 shares in the last quarter. Stevens First Principles Investment Advisors bought a new stake in shares of Kraft Heinz in the second quarter valued at about $108,000. Mainstay Capital Management LLC ADV lifted its holdings in shares of Kraft Heinz by 5,429.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 6,414 shares of the company’s stock valued at $108,000 after purchasing an additional 6,298 shares in the last quarter. Kiley Juergens Wealth Management LLC bought a new stake in shares of Kraft Heinz in the second quarter valued at about $113,000. Finally, Blume Capital Management Inc. lifted its holdings in shares of Kraft Heinz by 166.7% in the third quarter. Blume Capital Management Inc. now owns 2,080 shares of the company’s stock valued at $115,000 after purchasing an additional 1,300 shares in the last quarter. 63.22% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on KHC. Morgan Stanley set a $49.00 price target on Kraft Heinz and gave the company a “sell” rating in a report on Wednesday. BMO Capital Markets cut their price target on Kraft Heinz from $67.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, November 5th. Credit Suisse Group set a $52.00 price target on Kraft Heinz and gave the company a “hold” rating in a report on Friday, November 2nd. ValuEngine lowered Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Friday, November 2nd. Finally, Bank of America set a $83.00 price target on Kraft Heinz and gave the company a “buy” rating in a report on Friday, November 2nd. Five research analysts have rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Kraft Heinz presently has an average rating of “Hold” and a consensus price target of $67.09.
KHC opened at $53.99 on Friday. Kraft Heinz Co has a 52-week low of $50.41 and a 52-week high of $82.48. The stock has a market cap of $65.30 billion, a P/E ratio of 15.00, a P/E/G ratio of 2.39 and a beta of 0.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.00.
Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). Kraft Heinz had a return on equity of 6.62% and a net margin of 39.56%. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Equities research analysts predict that Kraft Heinz Co will post 3.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 16th will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, November 15th. This represents a $2.50 annualized dividend and a yield of 4.63%. Kraft Heinz’s payout ratio is presently 70.42%.
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Kraft Heinz 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.
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