Midwest Investment Management LLC Has $4.41 Million Stake in The Kraft Heinz Company (KHC)
Midwest Investment Management LLC trimmed its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,519 shares of the company’s stock after selling 200 shares during the quarter. The Kraft Heinz accounts for 3.7% of Midwest Investment Management LLC’s portfolio, making the stock its 5th largest holding. Midwest Investment Management LLC’s holdings in The Kraft Heinz were worth $4,412,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. V Wealth Management LLC bought a new position in The Kraft Heinz in the second quarter worth $125,000. Blue Chip Partners Inc. lifted its position 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 purchasing an additional 8 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in The Kraft Heinz in the first quarter worth $136,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in The Kraft Heinz by 7.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock worth $139,000 after purchasing an additional 100 shares during the period. Finally, Reilly Financial Advisors LLC lifted its position in The Kraft Heinz by 9.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,631 shares of the company’s stock worth $140,000 after purchasing an additional 134 shares during the period. 61.80% of the stock is owned by institutional investors.
Several research analysts recently commented on KHC shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research report on Wednesday, September 6th. Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a research report on Sunday, September 10th. Susquehanna Bancshares Inc reaffirmed a “hold” rating and issued a $84.00 target price on shares of The Kraft Heinz in a research report on Thursday, September 14th. Finally, BidaskClub cut The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $97.28.
Shares of The Kraft Heinz Company (KHC) opened at 77.55 on Friday. The firm has a market capitalization of $94.48 billion, a price-to-earnings ratio of 24.86 and a beta of 0.45. The Kraft Heinz Company has a 52 week low of $77.40 and a 52 week high of $97.77. The stock has a 50 day moving average price of $81.65 and a 200-day moving average price of $81.65.
The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. On average, equities research analysts forecast that The Kraft Heinz Company will post $3.24 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were given a $0.625 dividend. The ex-dividend date was Wednesday, August 16th. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 annualized dividend and a yield of 3.22%. The Kraft Heinz’s dividend payout ratio (DPR) is currently 79.87%.
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.
Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kraft Heinz Company (NASDAQ:KHC).
Receive News & Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related companies with Analyst Ratings Network's FREE daily email newsletter.