Bridges Investment Counsel Inc. Has $719,000 Holdings in The Kraft Heinz Company (KHC)
Bridges Investment Counsel Inc. decreased its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 14.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,276 shares of the company’s stock after selling 1,538 shares during the quarter. Bridges Investment Counsel Inc.’s holdings in The Kraft Heinz were worth $719,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Symphony Asset Management LLC raised its stake in The Kraft Heinz by 15.6% in the 2nd quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock worth $2,772,000 after purchasing an additional 4,377 shares in the last quarter. Pennsylvania Trust Co raised its stake in The Kraft Heinz by 8.9% in the 2nd quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock worth $5,663,000 after purchasing an additional 5,422 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in The Kraft Heinz by 40.9% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock worth $519,000 after purchasing an additional 1,760 shares in the last quarter. Creative Planning raised its stake in The Kraft Heinz by 1.9% in the 2nd quarter. Creative Planning now owns 80,094 shares of the company’s stock worth $6,859,000 after purchasing an additional 1,485 shares in the last quarter. Finally, Green Valley Investors LLC raised its stake in The Kraft Heinz by 153.4% in the 2nd quarter. Green Valley Investors LLC now owns 498,156 shares of the company’s stock worth $42,662,000 after purchasing an additional 301,583 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.
Several equities analysts have commented on KHC shares. TheStreet raised shares of The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Berenberg Bank set a $102.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Monday, August 7th. Credit Suisse Group set a $100.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Saturday, August 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 target price on shares of The Kraft Heinz in a report on Friday, September 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $95.00 target price on shares of The Kraft Heinz in a report on Thursday, September 21st. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $92.49.
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Shares of The Kraft Heinz Company (NASDAQ KHC) opened at $79.63 on Friday. The stock has a market cap of $97,070.00 and a P/E ratio of 22.30. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. The Kraft Heinz Company has a 1-year low of $75.21 and a 1-year high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 EPS. research analysts anticipate that The Kraft Heinz Company will post 3.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.
The Kraft Heinz 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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