Chevy Chase Trust Holdings Inc. Buys 6,019 Shares of Kraft Heinz Co (KHC)
Chevy Chase Trust Holdings Inc. raised its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 1.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 529,559 shares of the company’s stock after purchasing an additional 6,019 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Kraft Heinz were worth $41,068,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Blue Chip Partners Inc. boosted its stake in shares of Kraft Heinz by 0.5% in 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 boosted its stake in shares of Kraft Heinz by 0.5% in 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 boosted its stake in shares of Kraft Heinz by 0.7% in 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 boosted its stake in shares of Kraft Heinz by 0.4% in 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. boosted its stake in shares of Kraft Heinz by 0.5% in 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. 62.06% of the stock is owned by institutional investors and hedge funds.
Kraft Heinz Co (NASDAQ KHC) opened at $79.54 on Monday. Kraft Heinz Co has a one year low of $75.21 and a one year high of $97.77. The company has a market capitalization of $96,916.95, a P/E ratio of 22.34, a P/E/G ratio of 2.20 and a beta of 0.45. 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 (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. equities analysts anticipate that Kraft Heinz Co will post 3.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were given a dividend of $0.625 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.14%. Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.
KHC has been the subject of a number of recent analyst reports. UBS reaffirmed a “buy” rating and issued a $89.00 price objective (down previously from $97.00) on shares of Kraft Heinz in a research note on Friday, October 13th. Credit Suisse Group set a $100.00 price objective on Kraft Heinz and gave the stock a “buy” rating in a research note on Sunday, September 10th. Piper Jaffray Companies raised Kraft Heinz from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $92.00 to $90.00 in a research note on Friday, October 6th. Royal Bank of Canada reissued a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a research note on Tuesday, October 3rd. Finally, Susquehanna Bancshares reissued a “hold” rating and set a $84.00 price target on shares of Kraft Heinz in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $92.49.
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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