Lindsell Train Ltd Decreases Stake in The Kraft Heinz Company (KHC)
Lindsell Train Ltd reduced its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 69.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 281,000 shares of the company’s stock after selling 639,000 shares during the quarter. The Kraft Heinz makes up approximately 0.7% of Lindsell Train Ltd’s holdings, making the stock its 12th biggest position. Lindsell Train Ltd’s holdings in The Kraft Heinz were worth $21,792,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of KHC. Symphony Asset Management LLC increased its position in shares of The Kraft Heinz by 15.6% in the second quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock worth $2,772,000 after purchasing an additional 4,377 shares during the period. Pennsylvania Trust Co increased its position in shares of The Kraft Heinz by 8.9% in the second quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock worth $5,663,000 after purchasing an additional 5,422 shares during the period. Edmond DE Rothschild Holding S.A. increased its position in shares of The Kraft Heinz by 40.9% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock worth $519,000 after purchasing an additional 1,760 shares during the period. Creative Planning increased its position in shares of The Kraft Heinz by 1.9% in the second quarter. Creative Planning now owns 80,094 shares of the company’s stock worth $6,859,000 after purchasing an additional 1,485 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of The Kraft Heinz by 1.2% in the second quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after purchasing an additional 487,241 shares during the period. 61.79% of the stock is owned by institutional investors.
The Kraft Heinz Company (NASDAQ:KHC) opened at $79.76 on Friday. The stock has a market capitalization of $97,185.01, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The Kraft Heinz Company has a 12 month low of $75.21 and a 12 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 (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. equities research analysts expect that The Kraft Heinz Company will post 3.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a dividend of $0.625 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.13%. The Kraft Heinz’s dividend payout ratio is presently 77.88%.
A number of research analysts have issued reports on KHC shares. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, July 29th. Susquehanna Bancshares Inc restated a “hold” rating on shares of The Kraft Heinz in a report on Tuesday, August 1st. TheStreet upgraded The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Berenberg Bank set a $102.00 price target on The Kraft Heinz and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Zacks Investment Research cut The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $92.49.
About The Kraft Heinz
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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