Aurora Private Wealth Inc. decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,709 shares of the company’s stock after selling 1,394 shares during the period. Aurora Private Wealth Inc.’s holdings in Kraft Heinz were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in KHC. BlackRock Inc. grew its holdings in shares of Kraft Heinz by 1.7% in the 3rd quarter. BlackRock Inc. now owns 45,459,797 shares of the company’s stock valued at $1,673,829,000 after buying an additional 764,567 shares during the period. Capital Research Global Investors lifted its stake in shares of Kraft Heinz by 0.7% during the 3rd quarter. Capital Research Global Investors now owns 15,535,386 shares of the company’s stock worth $572,013,000 after buying an additional 101,741 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kraft Heinz by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 12,107,888 shares of the company’s stock valued at $445,115,000 after purchasing an additional 429,935 shares during the period. Franklin Resources Inc. boosted its holdings in Kraft Heinz by 13.8% in the 3rd quarter. Franklin Resources Inc. now owns 11,885,909 shares of the company’s stock valued at $437,639,000 after purchasing an additional 1,438,284 shares during the period. Finally, Morgan Stanley raised its stake in Kraft Heinz by 59.2% in the second quarter. Morgan Stanley now owns 8,329,789 shares of the company’s stock valued at $339,688,000 after purchasing an additional 3,097,989 shares in the last quarter. 61.51% of the stock is owned by institutional investors and hedge funds.
KHC has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Kraft Heinz from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, February 23rd. StockNews.com assumed coverage on Kraft Heinz in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating and set a $40.00 price objective on the stock in a report on Monday, January 17th. UBS Group began coverage on Kraft Heinz in a report on Wednesday, March 30th. They issued a “neutral” rating and a $40.00 price target on the stock. Finally, Credit Suisse Group raised their price target on Kraft Heinz from $36.00 to $38.00 and gave the company an “underperform” rating in a report on Wednesday, February 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.88.
Kraft Heinz (NASDAQ:KHC – Get Rating) last released its quarterly earnings results on Tuesday, February 15th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.16. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.63 billion. Kraft Heinz had a net margin of 3.89% and a return on equity of 7.21%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. On average, equities research analysts forecast that The Kraft Heinz Company will post 2.64 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $1.60 annualized dividend and a yield of 3.91%. Kraft Heinz’s dividend payout ratio is currently 195.12%.
Kraft Heinz Company Profile (Get Rating)
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.
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