First City Capital Management Inc. Purchases 53 Shares of The Kraft Heinz Company (NASDAQ:KHC)
First City Capital Management Inc. boosted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 0.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 14,093 shares of the company’s stock after buying an additional 53 shares during the period. First City Capital Management Inc.’s holdings in The Kraft Heinz were worth $1,280,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the company. Rockefeller Financial Services Inc. boosted its stake in shares of 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 during the last quarter. Bollard Group LLC boosted its stake in The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock worth $104,000 after buying an additional 8 shares in the last quarter. Crestwood Advisors Group LLC bought a new stake in The Kraft Heinz during the first quarter worth approximately $109,000. Blue Chip Partners Inc. boosted its stake 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 worth $134,000 after buying an additional 8 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in The Kraft Heinz during the first quarter worth approximately $136,000. 61.88% of the stock is currently owned by institutional investors.
The Kraft Heinz Company (NASDAQ:KHC) traded up 0.53% during midday trading on Monday, hitting $86.93. The company had a trading volume of 502,085 shares. The stock has a market capitalization of $105.90 billion, a PE ratio of 27.86 and a beta of 0.44. The stock has a 50 day moving average price of $86.07 and a 200-day moving average price of $89.76. The Kraft Heinz Company has a 52 week low of $79.69 and a 52 week high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, equities analysts predict that The Kraft Heinz Company will post $3.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 2.89%. 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. The Kraft Heinz’s payout ratio is 76.68%.
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A number of equities research analysts have recently commented on KHC shares. Credit Suisse Group reissued an “outperform” rating on shares of The Kraft Heinz in a research note on Sunday, April 23rd. Zacks Investment Research cut The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of The Kraft Heinz in a research note on Tuesday, August 1st. Berenberg Bank started coverage on The Kraft Heinz in a research note on Wednesday, June 7th. They issued a “buy” rating and a $102.00 target price on the stock. Finally, BMO Capital Markets reissued a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research note on Thursday, June 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus 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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