Barrett Asset Management LLC Has $1.26 Million Stake in Kraft Heinz Co (KHC)
Barrett Asset Management LLC lifted its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,220 shares of the company’s stock after purchasing an additional 1,190 shares during the quarter. Barrett Asset Management LLC’s holdings in Kraft Heinz were worth $1,258,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in KHC. Blue Chip Partners Inc. grew its holdings in Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after acquiring an additional 8 shares during the period. Martingale Asset Management L P grew its holdings in Kraft Heinz by 0.5% during the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after acquiring an additional 13 shares during the period. Guardian Life Insurance Co. of America grew its holdings in Kraft Heinz by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after acquiring an additional 16 shares during the period. Ropes Wealth Advisors LLC grew its holdings in Kraft Heinz by 0.4% during the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after acquiring an additional 17 shares during the period. Finally, National Asset Management Inc. grew its holdings in Kraft Heinz by 0.5% during the first quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock worth $408,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 62.06% of the company’s stock.
Shares of Kraft Heinz Co (NASDAQ:KHC) opened at $79.36 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The firm has a market capitalization of $97,300.00 and a price-to-earnings ratio of 22.65. Kraft Heinz Co has a twelve month low of $75.21 and a twelve month high of $97.77.
Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. Kraft Heinz’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. equities research analysts forecast that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, November 16th. Kraft Heinz’s dividend payout ratio (DPR) is 77.88%.
A number of research analysts recently weighed in on KHC shares. Credit Suisse Group set a $100.00 price objective on Kraft Heinz and gave the stock a “buy” rating in a report on Sunday, September 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a report on Thursday, September 21st. UBS reaffirmed a “buy” rating and set a $89.00 price objective (down previously from $97.00) on shares of Kraft Heinz in a report on Friday, October 13th. Finally, Susquehanna Bancshares reaffirmed a “hold” rating and set a $84.00 price objective on shares of Kraft Heinz in a report on Thursday, September 14th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $92.49.
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About 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.
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