Foyston Gordon & Payne Inc Maintains Stake in The Kraft Heinz Company (KHC)

Foyston Gordon & Payne Inc held its stake in The Kraft Heinz Company (NASDAQ:KHC) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 18,418 shares of the company’s stock at the end of the first quarter. Foyston Gordon & Payne Inc’s holdings in The Kraft Heinz were worth $1,673,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Gateway Investment Advisers LLC increased its stake in The Kraft Heinz by 5.2% in the first quarter. Gateway Investment Advisers LLC now owns 378,339 shares of the company’s stock worth $34,357,000 after buying an additional 18,748 shares in the last quarter. Tiedemann Wealth Management LLC increased its stake in The Kraft Heinz by 6.4% in the first quarter. Tiedemann Wealth Management LLC now owns 47,256 shares of the company’s stock worth $4,291,000 after buying an additional 2,861 shares in the last quarter. Cape Cod Five Cents Savings Bank increased its stake in The Kraft Heinz by 9.3% in the first quarter. Cape Cod Five Cents Savings Bank now owns 4,698 shares of the company’s stock worth $427,000 after buying an additional 399 shares in the last quarter. Pillar Pacific Capital Management LLC increased its stake in The Kraft Heinz by 7.6% in the first quarter. Pillar Pacific Capital Management LLC now owns 3,693 shares of the company’s stock worth $335,000 after buying an additional 262 shares in the last quarter. Finally, K2 Principal Fund L.P. increased its stake in The Kraft Heinz by 338.8% in the first quarter. K2 Principal Fund L.P. now owns 14,507 shares of the company’s stock worth $1,317,000 after buying an additional 11,201 shares in the last quarter. 61.88% of the stock is currently owned by hedge funds and other institutional investors.

The Kraft Heinz Company (KHC) opened at 84.49 on Friday. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year high of $97.77. The company has a market cap of $102.93 billion, a PE ratio of 27.08 and a beta of 0.44. The firm’s 50-day moving average is $85.82 and its 200 day moving average is $89.65.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The company had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The Kraft Heinz’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be issued a $0.625 dividend. The ex-dividend date of this dividend is 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 yield of 2.96%. The Kraft Heinz’s payout ratio is presently 79.87%.

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Several brokerages recently commented on KHC. BidaskClub downgraded shares of The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada set a $96.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, June 3rd. Credit Suisse Group set a $100.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, August 5th. Consumer Edge raised shares of The Kraft Heinz to an “overweight” rating in a research report on Thursday, May 4th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $99.00 price objective (down from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $97.31.

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)

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