The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Mastrapasqua Asset Management Inc.

Mastrapasqua Asset Management Inc. raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 17.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 7,586 shares of the company’s stock after buying an additional 1,115 shares during the period. Mastrapasqua Asset Management Inc.’s holdings in The Kraft Heinz were worth $689,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bollard Group LLC boosted its stake in 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. Fisher Asset Management LLC boosted its stake in The Kraft Heinz by 0.3% in the first quarter. Fisher Asset Management LLC now owns 2,889 shares of the company’s stock worth $262,000 after buying an additional 8 shares during the last quarter. Blue Chip Partners Inc. boosted its stake in 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. Cobblestone Capital Advisors LLC NY boosted its stake in The Kraft Heinz by 0.6% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 3,369 shares of the company’s stock worth $306,000 after buying an additional 21 shares during the last quarter. Finally, First Foundation Advisors boosted its stake in The Kraft Heinz by 0.5% in the first quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock worth $465,000 after buying an additional 23 shares during the last quarter. 62.01% of the stock is owned by institutional investors.

The Kraft Heinz Company (NASDAQ KHC) opened at 86.47 on Friday. The firm’s 50-day moving average price is $86.07 and its 200-day moving average price is $89.76. The company has a market cap of $105.34 billion, a price-to-earnings ratio of 27.71 and a beta of 0.44. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year 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 (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share. Equities research analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.50 annualized dividend and a dividend yield of 2.89%. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio is currently 76.68%.

ILLEGAL ACTIVITY NOTICE: “The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Mastrapasqua Asset Management Inc.” was published by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.com-unik.info/2017/08/12/the-kraft-heinz-company-nasdaqkhc-stake-boosted-by-mastrapasqua-asset-management-inc-updated-updated.html.

A number of equities analysts have recently weighed in on the company. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $85.00 target price (down previously from $94.00) on shares of The Kraft Heinz in a research note on Wednesday. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday. Berenberg Bank set a $102.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a research note on Monday, August 7th. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, August 5th. Finally, TheStreet upgraded The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The Kraft Heinz has an average 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.

Institutional Ownership by Quarter for The Kraft Heinz (NASDAQ:KHC)

What are top analysts saying about The Kraft Heinz Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for The Kraft Heinz Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit