Financial Architects Inc Purchases 1 Shares of The Kraft Heinz Company (NASDAQ:KHC)
Financial Architects Inc boosted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 14,284 shares of the company’s stock after buying an additional 1 shares during the period. Financial Architects Inc’s holdings in The Kraft Heinz were worth $1,224,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Rockefeller Financial Services Inc. raised its position in The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares in the last quarter. Bollard Group LLC raised its position in The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock valued at $104,000 after buying an additional 8 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in The Kraft Heinz during the first quarter valued at about $109,000. V Wealth Management LLC bought a new position in The Kraft Heinz during the second quarter valued at about $125,000. Finally, Blue Chip Partners Inc. raised its position in The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after buying an additional 8 shares in the last quarter. 62.01% of the stock is owned by institutional investors and hedge funds.
Shares of The Kraft Heinz Company (NASDAQ:KHC) traded up 0.68% during trading on Friday, reaching $86.47. The company’s stock had a trading volume of 2,539,485 shares. The firm’s 50-day moving average is $86.07 and its 200-day moving average is $89.76. The stock has a market capitalization of $105.34 billion, a PE ratio of 27.71 and a beta of 0.44. The Kraft Heinz Company has a 12-month low of $79.69 and a 12-month high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The company had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. Equities analysts expect that The Kraft Heinz Company will post $3.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 dividend on an annualized basis and a yield of 2.89%. The Kraft Heinz’s dividend payout ratio (DPR) is 76.68%.
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Several equities analysts have recently issued reports on the company. BidaskClub lowered The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada set a $96.00 price target on The Kraft Heinz and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Credit Suisse Group set a $100.00 price target on The Kraft Heinz and gave the stock a “buy” rating in a research report on Saturday, August 5th. Consumer Edge raised The Kraft Heinz to an “overweight” rating in a research report on Thursday, May 4th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $99.00 price target (down previously from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $97.45.
The 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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