BB&T Investment Services Inc. Acquires 3,765 Shares of Kraft Heinz Co (KHC)
BB&T Investment Services Inc. boosted its holdings in Kraft Heinz Co (NASDAQ:KHC) by 40.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,052 shares of the company’s stock after acquiring an additional 3,765 shares during the quarter. BB&T Investment Services Inc.’s holdings in Kraft Heinz were worth $1,021,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in KHC. BlackRock Inc. lifted its position in shares of Kraft Heinz by 2,314.8% during the 1st quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock worth $2,956,129,000 after buying an additional 31,204,852 shares in the last quarter. Morgan Stanley lifted its position in shares of Kraft Heinz by 55.6% during the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock worth $759,605,000 after buying an additional 2,988,664 shares in the last quarter. FMR LLC lifted its position in shares of Kraft Heinz by 30.0% during the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after buying an additional 2,659,846 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Kraft Heinz by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock worth $3,827,601,000 after buying an additional 1,585,231 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $102,151,000. 62.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kraft Heinz Co (NASDAQ KHC) opened at $78.98 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. Kraft Heinz Co has a one year low of $75.21 and a one year high of $97.77. The stock has a market cap of $96,198.05, a P/E ratio of 22.18, a PEG ratio of 2.19 and a beta of 0.45.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter last year, the business posted $0.83 EPS. Kraft Heinz’s quarterly revenue was up .7% compared to the same quarter last year. research analysts expect that Kraft Heinz Co will post 3.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.17%. Kraft Heinz’s payout ratio is currently 77.88%.
KHC has been the topic of several recent analyst reports. UBS reissued a “buy” rating and set a $89.00 target price (down previously from $97.00) on shares of Kraft Heinz in a research report on Friday, October 13th. Royal Bank of Canada reissued a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a research report on Friday, September 1st. Credit Suisse Group set a $100.00 target price on shares of Kraft Heinz and gave the stock a “buy” rating in a research report on Sunday, September 10th. Stifel Nicolaus reissued a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a research report on Thursday, September 21st. Finally, Susquehanna Bancshares reissued a “hold” rating and set a $84.00 target price on shares of Kraft Heinz in a research report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Kraft Heinz currently has a consensus rating of “Buy” and an average price target of $92.49.
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Kraft Heinz Company Profile
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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