Kraft Heinz Co (KHC) Holdings Lifted by Hikari Power Ltd
Hikari Power Ltd boosted its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 34.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,020 shares of the company’s stock after buying an additional 6,700 shares during the quarter. Hikari Power Ltd’s holdings in Kraft Heinz were worth $2,023,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sawyer & Company Inc purchased a new stake in shares of Kraft Heinz during the fourth quarter valued at $343,000. American National Bank boosted its stake in shares of Kraft Heinz by 34.9% during the fourth quarter. American National Bank now owns 5,045 shares of the company’s stock valued at $392,000 after purchasing an additional 1,305 shares during the period. Windward Capital Management Co. CA boosted its stake in shares of Kraft Heinz by 112.6% during the fourth quarter. Windward Capital Management Co. CA now owns 20,180 shares of the company’s stock valued at $1,569,000 after purchasing an additional 10,686 shares during the period. First Citizens Bank & Trust Co. boosted its stake in shares of Kraft Heinz by 78.0% during the fourth quarter. First Citizens Bank & Trust Co. now owns 6,863 shares of the company’s stock valued at $534,000 after purchasing an additional 3,008 shares during the period. Finally, Sit Investment Associates Inc. boosted its stake in shares of Kraft Heinz by 10.9% during the fourth quarter. Sit Investment Associates Inc. now owns 316,065 shares of the company’s stock valued at $24,577,000 after purchasing an additional 31,165 shares during the period. 62.02% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Citigroup decreased their price objective on Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Finally, Susquehanna Bancshares decreased their price objective on Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Kraft Heinz presently has an average rating of “Buy” and an average price target of $92.49.
Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. 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 company posted $0.83 earnings per share. equities analysts predict that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were issued a $0.625 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.24%. Kraft Heinz’s dividend payout ratio is presently 77.88%.
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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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