The Kraft Heinz Company (KHC) Shares Bought by Linscomb & Williams Inc.
Linscomb & Williams Inc. grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,564 shares of the company’s stock after purchasing an additional 21 shares during the period. Linscomb & Williams Inc.’s holdings in The Kraft Heinz were worth $648,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KHC. San Francisco Sentry Investment Group CA acquired a new position in shares of The Kraft Heinz in the 1st quarter valued at about $645,000. Pacer Advisors Inc. lifted its stake in shares of The Kraft Heinz by 5.0% in the 1st quarter. Pacer Advisors Inc. now owns 26,199 shares of the company’s stock valued at $2,379,000 after purchasing an additional 1,238 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of The Kraft Heinz by 16.4% in the 1st quarter. Nordea Investment Management AB now owns 31,238 shares of the company’s stock valued at $2,837,000 after purchasing an additional 4,405 shares in the last quarter. Buckingham Capital Management Inc. lifted its stake in shares of The Kraft Heinz by 3.2% in the 1st quarter. Buckingham Capital Management Inc. now owns 12,255 shares of the company’s stock valued at $1,113,000 after purchasing an additional 381 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of The Kraft Heinz by 22.0% in the 1st quarter. Private Advisor Group LLC now owns 77,475 shares of the company’s stock valued at $6,716,000 after purchasing an additional 13,962 shares in the last quarter. 61.69% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on KHC. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, July 29th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of The Kraft Heinz in a research note on Tuesday, August 1st. Zacks Investment Research downgraded The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Piper Jaffray Companies set a $92.00 target price on The Kraft Heinz and gave the company a “hold” rating in a report on Wednesday, August 16th. Finally, Berenberg Bank set a $102.00 target price on The Kraft Heinz and gave the company a “buy” rating in a report on Monday, August 7th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $92.49.
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Shares of The Kraft Heinz Company (KHC) opened at $79.72 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. The Kraft Heinz Company has a twelve month low of $75.21 and a twelve month high of $97.77. The stock has a market capitalization of $97,136.27, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43.
The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the previous year, the business earned $0.83 EPS. The Kraft Heinz’s revenue for the quarter was up .7% compared to the same quarter last year. equities analysts anticipate that The Kraft Heinz Company will post 3.61 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.14%. The Kraft Heinz’s dividend payout ratio is presently 77.88%.
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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