Charter Research & Investment Group Inc. reduced its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,056 shares of the company’s stock after selling 295 shares during the quarter. Kraft Heinz accounts for approximately 2.2% of Charter Research & Investment Group Inc.’s holdings, making the stock its 12th largest holding. Charter Research & Investment Group Inc.’s holdings in Kraft Heinz were worth $1,767,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Cerebellum GP LLC increased its holdings in Kraft Heinz by 83.3% during the 4th quarter. Cerebellum GP LLC now owns 5,821 shares of the company’s stock worth $251,000 after purchasing an additional 2,646 shares during the last quarter. Vanguard Group Inc. increased its holdings in Kraft Heinz by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after purchasing an additional 1,123,288 shares during the last quarter. Legal & General Group Plc increased its holdings in Kraft Heinz by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 3,065,442 shares of the company’s stock worth $168,904,000 after purchasing an additional 174,254 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Kraft Heinz by 29.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 64,155 shares of the company’s stock worth $2,761,000 after purchasing an additional 14,445 shares during the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new stake in Kraft Heinz during the 3rd quarter worth approximately $384,000. Institutional investors and hedge funds own 61.80% of the company’s stock.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Piper Jaffray Companies restated a “neutral” rating and set a $35.00 price objective on shares of Kraft Heinz in a report on Monday, March 4th. Credit Suisse Group restated an “underperform” rating on shares of Kraft Heinz in a report on Friday, March 8th. Societe Generale upgraded Kraft Heinz from a “sell” rating to a “hold” rating and dropped their price objective for the stock from $45.00 to $34.00 in a report on Friday, March 1st. Finally, Wolfe Research downgraded Kraft Heinz from an “outperform” rating to a “market perform” rating in a report on Monday, March 4th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. Kraft Heinz has a consensus rating of “Hold” and an average target price of $45.35.
Shares of NASDAQ KHC opened at $31.87 on Friday. Kraft Heinz Co has a twelve month low of $31.60 and a twelve month high of $66.67. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $39.39 billion, a PE ratio of 9.03, a PEG ratio of 2.41 and a beta of 0.58.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.10). Kraft Heinz had a negative net margin of 38.95% and a positive return on equity of 6.89%. The firm had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the firm posted $0.90 earnings per share. Kraft Heinz’s revenue was up .7% compared to the same quarter last year. On average, equities analysts forecast that Kraft Heinz Co will post 2.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.02%. Kraft Heinz’s dividend payout ratio is currently 45.33%.
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.
Read More: SEC Filing
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