The Kraft Heinz Company (KHC) Shares Sold by Rothschild Investment Corp IL
Rothschild Investment Corp IL decreased its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 57.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,886 shares of the company’s stock after selling 10,525 shares during the period. Rothschild Investment Corp IL’s holdings in The Kraft Heinz were worth $612,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. raised its stake in The Kraft Heinz by 16.6% in the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after buying an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of The Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after purchasing an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in shares of The Kraft Heinz in the second quarter valued at approximately $121,000. Blue Chip Partners Inc. grew its position in shares of The Kraft Heinz by 0.5% in the second 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 last quarter. Finally, GWM Advisors LLC acquired a new position in shares of The Kraft Heinz in the second quarter valued at approximately $137,000. Hedge funds and other institutional investors own 61.79% of the company’s stock.
Shares of The Kraft Heinz Company (NASDAQ KHC) opened at $79.82 on Thursday. The stock has a market capitalization of $97,489.63, a P/E ratio of 22.48, a P/E/G ratio of 2.22 and a beta of 0.43. The Kraft Heinz Company has a 12-month low of $75.21 and a 12-month high of $97.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77.
The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. analysts forecast that The Kraft Heinz Company will post 3.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio is presently 77.88%.
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KHC has been the topic of several research reports. UBS AG reaffirmed a “buy” rating and issued a $89.00 target price (down previously from $97.00) on shares of The Kraft Heinz in a research report on Friday, October 13th. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the company a “buy” rating in a research report on Sunday, September 10th. BidaskClub raised The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Piper Jaffray Companies raised The Kraft Heinz from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $92.00 to $90.00 in a research report on Friday, October 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $95.00 target price on shares of The Kraft Heinz in a research report on Tuesday, October 3rd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $92.49.
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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