The Kraft Heinz Company (KHC) Holdings Cut by Usca Ria LLC
Usca Ria LLC lessened its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,558 shares of the company’s stock after selling 861 shares during the period. Usca Ria LLC’s holdings in The Kraft Heinz were worth $1,247,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Wealth Management LLC acquired a new stake in The Kraft Heinz during the 2nd quarter worth about $125,000. Blue Chip Partners Inc. increased its holdings in shares of The Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after purchasing an additional 8 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of The Kraft Heinz in the 1st quarter valued at about $136,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of The Kraft Heinz by 7.0% in 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 purchasing an additional 100 shares during the period. Finally, Reilly Financial Advisors LLC increased its holdings in shares of The Kraft Heinz by 9.0% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,631 shares of the company’s stock valued at $140,000 after purchasing an additional 134 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.
The Kraft Heinz Company (NASDAQ:KHC) opened at 78.18 on Friday. The Kraft Heinz Company has a 12-month low of $76.76 and a 12-month high of $97.77. The firm has a market cap of $95.24 billion, a P/E ratio of 25.06 and a beta of 0.44. The company has a 50-day moving average price of $79.43 and a 200-day moving average price of $79.43.
The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The Kraft Heinz’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, analysts predict 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. Investors of record on Friday, August 18th were given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Wednesday, August 16th. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio (DPR) is currently 79.87%.
KHC has been the topic of a number of research reports. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the company a “buy” rating in a report on Sunday, September 10th. BidaskClub upgraded The Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Piper Jaffray Companies upgraded The Kraft Heinz from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $92.00 to $90.00 in a report on Friday. Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 target price on shares of The Kraft Heinz in a report on Friday, September 1st. Finally, Susquehanna Bancshares Inc reiterated a “hold” rating and issued a $84.00 target price on shares of The Kraft Heinz in a report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $96.36.
The 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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