Hutner Capital Management Inc. Raises Holdings in The Kraft Heinz Company (KHC)
Hutner Capital Management Inc. raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,798 shares of the company’s stock after buying an additional 2,685 shares during the quarter. The Kraft Heinz makes up approximately 3.2% of Hutner Capital Management Inc.’s portfolio, making the stock its 11th biggest position. Hutner Capital Management Inc.’s holdings in The Kraft Heinz were worth $4,250,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bainco International Investors lifted its stake in The Kraft Heinz by 6.8% in the third quarter. Bainco International Investors now owns 119,264 shares of the company’s stock valued at $9,249,000 after buying an additional 7,575 shares during the last quarter. Cadence Bank NA purchased a new stake in The Kraft Heinz in the third quarter valued at approximately $481,000. Parametrica Management Ltd lifted its stake in The Kraft Heinz by 25.0% in the third quarter. Parametrica Management Ltd now owns 5,568 shares of the company’s stock valued at $432,000 after buying an additional 1,112 shares during the last quarter. Victory Capital Management Inc. lifted its stake in The Kraft Heinz by 309.9% in the third quarter. Victory Capital Management Inc. now owns 111,886 shares of the company’s stock valued at $8,677,000 after buying an additional 84,587 shares during the last quarter. Finally, 1ST Source Bank lifted its stake in The Kraft Heinz by 47.7% in the third quarter. 1ST Source Bank now owns 4,369 shares of the company’s stock valued at $339,000 after buying an additional 1,411 shares during the last quarter. Institutional investors own 61.79% of the company’s stock.
A number of equities research analysts have weighed in on the company. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $85.00 price objective (down previously from $94.00) on shares of The Kraft Heinz in a research note on Wednesday, August 9th. TheStreet raised The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. BidaskClub raised The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, August 21st. Finally, Morgan Stanley dropped their target price on The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The Kraft Heinz currently has a consensus rating of “Buy” and a consensus price target of $92.49.
The Kraft Heinz Company (NASDAQ KHC) opened at $79.76 on Friday. The stock has a market capitalization of $97,258.12, a P/E ratio of 22.42, a PEG ratio of 2.21 and a beta of 0.43. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The Kraft Heinz Company has a twelve month low of $75.21 and a twelve month high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The Kraft Heinz’s quarterly revenue was up .7% on a year-over-year basis. sell-side analysts forecast that The Kraft Heinz Company will post 3.61 EPS for the current year.
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio is presently 77.88%.
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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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