The Kraft Heinz Company (KHC) Shares Bought by IFC Holdings Incorporated FL
IFC Holdings Incorporated FL lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 8.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,747 shares of the company’s stock after purchasing an additional 535 shares during the quarter. IFC Holdings Incorporated FL’s holdings in The Kraft Heinz were worth $581,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in KHC. Waldron LP increased its stake in The Kraft Heinz by 5.8% in the first quarter. Waldron LP now owns 4,518 shares of the company’s stock valued at $410,000 after acquiring an additional 247 shares during the last quarter. Advisor Partners LLC increased its stake in The Kraft Heinz by 19.2% in the first quarter. Advisor Partners LLC now owns 15,830 shares of the company’s stock valued at $1,438,000 after acquiring an additional 2,554 shares during the last quarter. Wright Investors Service Inc. increased its stake in The Kraft Heinz by 8.0% in the first quarter. Wright Investors Service Inc. now owns 2,984 shares of the company’s stock valued at $271,000 after acquiring an additional 220 shares during the last quarter. Advisory Services Network LLC bought a new position in The Kraft Heinz in the first quarter valued at $528,000. Finally, Kornitzer Capital Management Inc. KS increased its stake in The Kraft Heinz by 0.6% in the first quarter. Kornitzer Capital Management Inc. KS now owns 111,254 shares of the company’s stock valued at $10,103,000 after acquiring an additional 617 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
The Kraft Heinz Company (KHC) opened at 78.42 on Tuesday. The stock’s 50 day moving average price is $81.65 and its 200-day moving average price is $81.65. The company has a market capitalization of $95.54 billion, a PE ratio of 25.13 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 Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The firm had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the firm posted $0.85 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities research analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were issued a $0.625 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.19%. The Kraft Heinz’s payout ratio is 79.87%.
A number of research analysts recently commented on the company. Royal Bank Of Canada set a $96.00 target price on The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, June 3rd. Berenberg Bank assumed coverage on The Kraft Heinz in a research note on Wednesday, June 7th. They issued a “buy” rating and a $102.00 target price on the stock. Susquehanna Bancshares Inc set a $99.00 target price on The Kraft Heinz and gave the company a “hold” rating in a research note on Tuesday, June 6th. BMO Capital Markets reissued a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research note on Thursday, June 15th. Finally, BidaskClub cut The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $97.18.
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The Kraft Heinz 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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