Zurcher Kantonalbank Zurich Cantonalbank Purchases 4,941 Shares of Kraft Heinz Co (KHC)
Zurcher Kantonalbank Zurich Cantonalbank increased its position in Kraft Heinz Co (NASDAQ:KHC) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,617 shares of the company’s stock after buying an additional 4,941 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kraft Heinz were worth $10,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Group LLC increased its position in Kraft Heinz by 57.4% during the 1st quarter. Fiduciary Group LLC now owns 18,085 shares of the company’s stock valued at $1,642,000 after purchasing an additional 6,594 shares during the period. Fifth Third Bancorp increased its position in Kraft Heinz by 18.3% during the 1st quarter. Fifth Third Bancorp now owns 493,642 shares of the company’s stock valued at $44,828,000 after purchasing an additional 76,321 shares during the period. CWA Asset Management Group LLC increased its position in Kraft Heinz by 10.0% during the 1st quarter. CWA Asset Management Group LLC now owns 4,043 shares of the company’s stock valued at $367,000 after purchasing an additional 367 shares during the period. Cleararc Capital Inc. increased its position in Kraft Heinz by 0.9% during the 1st quarter. Cleararc Capital Inc. now owns 24,090 shares of the company’s stock valued at $2,188,000 after purchasing an additional 210 shares during the period. Finally, Banque Pictet & Cie SA increased its position in Kraft Heinz by 2.0% during the 1st quarter. Banque Pictet & Cie SA now owns 20,847 shares of the company’s stock valued at $1,893,000 after purchasing an additional 400 shares during the period. 62.06% of the stock is owned by institutional investors.
Kraft Heinz Co (KHC) opened at $80.49 on Thursday. The stock has a market capitalization of $99,816.90, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 2.27 and a beta of 0.45. Kraft Heinz Co has a twelve month low of $75.21 and a twelve month high of $97.77. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48.
Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. sell-side analysts anticipate that Kraft Heinz Co will post 3.61 earnings per share for the current fiscal year.
The firm also recently declared 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. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Thursday, November 16th. Kraft Heinz’s payout ratio is 77.88%.
A number of analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. Stifel Nicolaus reissued a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a research report on Thursday, September 21st. Credit Suisse Group set a $100.00 target price on shares of Kraft Heinz and gave the company a “buy” rating in a research report on Sunday, September 10th. BMO Capital Markets reissued a “hold” rating and set a $96.00 target price on shares of Kraft Heinz in a research report on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Kraft Heinz has an average rating of “Buy” and a consensus target price of $92.49.
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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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