Kraft Heinz Co (KHC) Shares Bought by Coldstream Capital Management Inc.
Coldstream Capital Management Inc. grew its stake in Kraft Heinz Co (NASDAQ:KHC) by 84.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,614 shares of the company’s stock after purchasing an additional 2,110 shares during the period. Coldstream Capital Management Inc.’s holdings in Kraft Heinz were worth $358,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. boosted its position in shares of Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after acquiring an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Kraft Heinz by 287.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after acquiring an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Kraft Heinz during the 2nd quarter valued at about $121,000. Blue Chip Partners Inc. boosted its position in shares of Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after acquiring an additional 8 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Kraft Heinz by 7.0% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 62.02% of the company’s stock.
KHC has been the topic of several recent research reports. UBS reiterated a “buy” rating and set a $89.00 target price (down from $97.00) on shares of Kraft Heinz in a research report on Friday, October 13th. Credit Suisse Group set a $100.00 target price on shares of Kraft Heinz and gave the company a “buy” rating in a research report on Sunday, September 10th. Piper Jaffray Companies upgraded shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $92.00 to $90.00 in a research report on Friday, October 6th. Royal Bank of Canada restated a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a research report on Tuesday, October 3rd. Finally, Susquehanna Bancshares restated a “hold” rating and issued a $84.00 price target on shares of Kraft Heinz in a research report on Thursday, September 14th. 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 stock. The stock has a consensus rating of “Buy” and an average target price of $92.49.
Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The company’s revenue was up .7% on a year-over-year basis. sell-side analysts anticipate that Kraft Heinz Co will post 3.61 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Thursday, November 16th. Kraft Heinz’s dividend payout ratio is presently 77.88%.
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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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