TD Asset Management Inc. Has $28.46 Million Stake in Kraft Heinz Co (KHC)
TD Asset Management Inc. lessened its position in Kraft Heinz Co (NASDAQ:KHC) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 366,926 shares of the company’s stock after selling 12,670 shares during the period. TD Asset Management Inc.’s holdings in Kraft Heinz were worth $28,455,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Kraft Heinz by 2,314.8% in the first quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock valued at $2,956,129,000 after purchasing an additional 31,204,852 shares during the period. Morgan Stanley boosted its stake in shares of Kraft Heinz by 55.6% in the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after purchasing an additional 2,988,664 shares during the period. FMR LLC boosted its stake in shares of Kraft Heinz by 30.0% in the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after purchasing an additional 2,659,846 shares during the period. Vanguard Group Inc. boosted its stake in shares of Kraft Heinz by 3.9% in the first quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock valued at $3,827,601,000 after purchasing an additional 1,585,231 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Kraft Heinz in the second quarter valued at $102,151,000. 62.06% of the stock is owned by institutional investors and hedge funds.
KHC has been the topic of several recent analyst reports. BidaskClub raised shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Piper Jaffray Companies set a $92.00 target price on shares of Kraft Heinz and gave the stock a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, August 21st. Royal Bank Of Canada reissued a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a report on Friday, September 1st. Finally, BMO Capital Markets reissued a “hold” rating and set a $96.00 target price on shares of Kraft Heinz in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $92.49.
Kraft Heinz Co (KHC) opened at $78.48 on Friday. Kraft Heinz Co has a fifty-two week low of $75.21 and a fifty-two week high of $97.77. The company has a market cap of $98,074.48, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.23 and a beta of 0.45. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48.
Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company posted $0.83 earnings per share. sell-side analysts predict that Kraft Heinz Co will post 3.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.19%. The ex-dividend date is Thursday, November 16th. Kraft Heinz’s payout ratio is presently 77.88%.
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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