Bainco International Investors Acquires 2,290 Shares of The Kraft Heinz Company (KHC)
Bainco International Investors grew its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,689 shares of the company’s stock after purchasing an additional 2,290 shares during the quarter. The Kraft Heinz makes up approximately 1.4% of Bainco International Investors’ holdings, making the stock its 19th biggest holding. Bainco International Investors’ holdings in The Kraft Heinz were worth $9,565,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Waldron LP boosted its stake in The Kraft Heinz by 5.8% during the 1st quarter. Waldron LP now owns 4,518 shares of the company’s stock worth $410,000 after acquiring an additional 247 shares during the last quarter. TD Asset Management Inc. boosted its stake in The Kraft Heinz by 0.6% during the 1st quarter. TD Asset Management Inc. now owns 391,139 shares of the company’s stock worth $35,519,000 after acquiring an additional 2,391 shares during the last quarter. Tdam USA Inc. boosted its stake in The Kraft Heinz by 45.2% during the 1st quarter. Tdam USA Inc. now owns 28,568 shares of the company’s stock worth $2,594,000 after acquiring an additional 8,892 shares during the last quarter. Villere ST Denis J & Co. LLC bought a new position in The Kraft Heinz during the 1st quarter worth approximately $6,788,000. Finally, IMS Capital Management boosted its stake in The Kraft Heinz by 88.1% during the 1st quarter. IMS Capital Management now owns 10,896 shares of the company’s stock worth $989,000 after acquiring an additional 5,103 shares during the last quarter. 61.76% of the stock is currently owned by institutional investors.
Several research firms recently weighed in on KHC. Morgan Stanley reduced their price objective on shares of The Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. UBS AG reissued a “buy” rating and set a $89.00 price objective (down previously from $97.00) on shares of The Kraft Heinz in a research note on Friday, October 13th. Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Piper Jaffray Companies raised shares of The Kraft Heinz from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $92.00 to $90.00 in a research note on Friday, October 6th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of The Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $95.00 to $87.00 in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The Kraft Heinz has a consensus rating of “Buy” and a consensus target price of $95.53.
Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at 76.71 on Monday. The Kraft Heinz Company has a one year low of $76.12 and a one year high of $97.77. The firm has a market capitalization of $93.45 billion, a P/E ratio of 24.59 and a beta of 0.44. The firm’s 50-day moving average is $79.15 and its 200 day moving average is $86.11.
The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. Equities research analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.watchlistnews.com/bainco-international-investors-acquires-2290-shares-of-the-kraft-heinz-company-khc/1648683.html.
About The Kraft Heinz
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.
Receive News & Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related companies with Analyst Ratings Network's FREE daily email newsletter.