Capital Investment Advisors LLC lowered its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 7.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,388 shares of the company’s stock after selling 412 shares during the period. Capital Investment Advisors LLC’s holdings in Kraft Heinz were worth $206,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of KHC. Sandy Cove Advisors LLC acquired a new position in Kraft Heinz in the 1st quarter worth about $25,000. Focused Wealth Management Inc increased its holdings in Kraft Heinz by 100.5% in the 1st quarter. Focused Wealth Management Inc now owns 772 shares of the company’s stock worth $30,000 after purchasing an additional 387 shares in the last quarter. Rather & Kittrell Inc. acquired a new position in Kraft Heinz in the 4th quarter worth about $33,000. Howe & Rusling Inc. increased its holdings in Kraft Heinz by 234.6% in the 1st quarter. Howe & Rusling Inc. now owns 967 shares of the company’s stock worth $38,000 after purchasing an additional 678 shares in the last quarter. Finally, AGF Investments LLC acquired a new position in Kraft Heinz in the 1st quarter worth about $40,000. Institutional investors and hedge funds own 67.03% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on KHC. UBS Group cut Kraft Heinz from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $40.00 to $34.00 in a report on Thursday, May 26th. Deutsche Bank Aktiengesellschaft reduced their price target on Kraft Heinz from $48.00 to $47.00 in a research report on Monday, July 18th. The Goldman Sachs Group reiterated an “upgrade” rating on shares of Kraft Heinz in a research report on Thursday, July 28th. Mizuho began coverage on Kraft Heinz in a research report on Monday, July 18th. They issued a “buy” rating and a $48.00 price target on the stock. Finally, BMO Capital Markets upgraded Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research report on Wednesday, June 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and an average target price of $40.44.
Insiders Place Their Bets
Kraft Heinz Stock Down 0.3 %
Shares of Kraft Heinz stock opened at $34.61 on Tuesday. The Kraft Heinz Company has a one year low of $32.78 and a one year high of $44.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.89 and a quick ratio of 0.52. The stock’s 50-day moving average is $37.70 and its 200 day moving average is $38.88. The firm has a market cap of $42.41 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.61 and a beta of 0.70.
Kraft Heinz (NASDAQ:KHC – Get Rating) last announced its earnings results on Wednesday, July 27th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Kraft Heinz had a return on equity of 6.82% and a net margin of 5.92%. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.36 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts anticipate that The Kraft Heinz Company will post 2.66 EPS for the current year.
Kraft Heinz Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, August 26th will be issued a $0.40 dividend. The ex-dividend date is Thursday, August 25th. This represents a $1.60 annualized dividend and a yield of 4.62%. Kraft Heinz’s payout ratio is currently 131.15%.
Kraft Heinz Company Profile
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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