The Kraft Heinz Company (KHC) Position Maintained by Oxbow Advisors LLC
Oxbow Advisors LLC held its stake in The Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,003 shares of the company’s stock at the end of the second quarter. Oxbow Advisors LLC’s holdings in The Kraft Heinz were worth $857,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Rockefeller Financial Services Inc. boosted its position in shares of The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock worth $103,000 after buying an additional 800 shares during the last quarter. Bollard Group LLC boosted its position in shares of The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock worth $104,000 after buying an additional 8 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of The Kraft Heinz during the first quarter worth about $109,000. V Wealth Management LLC purchased a new position in shares of The Kraft Heinz during the second quarter worth about $125,000. Finally, Blue Chip Partners Inc. boosted its position in shares of 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 buying an additional 8 shares during the last quarter. 61.88% of the stock is currently owned by hedge funds and other institutional investors.
The Kraft Heinz Company (NASDAQ:KHC) traded down 0.1771% during trading on Tuesday, reaching $86.8659. 783,238 shares of the company’s stock traded hands. The company has a 50 day moving average of $86.02 and a 200 day moving average of $89.76. The firm has a market cap of $105.82 billion, a price-to-earnings ratio of 27.8416 and a beta of 0.44. The Kraft Heinz Company has a one year low of $79.69 and a one year high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, topping 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 business had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. Equities research analysts predict that The Kraft Heinz Company will post $3.24 EPS for the current year.
The firm 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 is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.87%. The Kraft Heinz’s payout ratio is presently 76.68%.
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A number of brokerages recently issued reports on KHC. Royal Bank Of Canada set a $96.00 price target on shares of The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Berenberg Bank began coverage on shares of The Kraft Heinz in a research note on Wednesday, June 7th. They issued a “buy” rating and a $102.00 price target on the stock. Susquehanna Bancshares Inc set a $99.00 price target on shares of The Kraft Heinz and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Piper Jaffray Companies began coverage on shares of The Kraft Heinz in a research note on Wednesday, May 24th. They issued a “neutral” rating and a $94.00 price target on the stock. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of The Kraft Heinz in a research note on Sunday, April 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.45.
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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