Signaturefd LLC Has $607,000 Position in The Kraft Heinz Company (KHC)
Signaturefd LLC raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 29.0% during the first quarter, Holdings Channel reports. The firm owned 6,681 shares of the company’s stock after buying an additional 1,502 shares during the period. Signaturefd LLC’s holdings in The Kraft Heinz were worth $607,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Rockefeller Financial Services Inc. raised its stake in The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares during the last quarter. Bollard Group LLC raised its stake in The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock valued at $104,000 after buying an additional 8 shares during the last quarter. Crestwood Advisors Group LLC purchased a new stake in The Kraft Heinz during the first quarter valued at $109,000. Blue Chip Partners Inc. raised its stake 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 valued at $134,000 after buying an additional 8 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in The Kraft Heinz during the first quarter valued at $136,000. 62.01% of the stock is currently owned by hedge funds and other institutional investors.
The Kraft Heinz Company (NASDAQ:KHC) traded up 0.37% on Friday, reaching $86.21. 757,078 shares of the company’s stock were exchanged. The company has a market cap of $105.03 billion, a price-to-earnings ratio of 27.63 and a beta of 0.44. The Kraft Heinz Company has a 52 week low of $79.69 and a 52 week high of $97.77. The stock’s 50 day moving average is $86.15 and its 200 day moving average is $89.78.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts anticipate that The Kraft Heinz Company will post $3.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.91%. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio (DPR) is presently 76.68%.
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KHC has been the topic of several analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of The Kraft Heinz in a report on Sunday, April 23rd. Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of The Kraft Heinz in a report on Tuesday, August 1st. Berenberg Bank initiated coverage on shares of The Kraft Heinz in a report on Wednesday, June 7th. They issued a “buy” rating and a $102.00 target price on the stock. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a report on Thursday, June 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $97.45.
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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