Mastrapasqua Asset Management Inc. Raises Position in The Kraft Heinz Company (NASDAQ:KHC)

Mastrapasqua Asset Management Inc. boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 17.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KHC. Rockefeller Financial Services Inc. boosted its stake in shares of The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock worth $103,000 after buying an additional 800 shares during the period. Bollard Group LLC boosted its stake in shares of 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 period. Crestwood Advisors Group LLC bought a new position in The Kraft Heinz during the first quarter worth about $109,000. Blue Chip Partners Inc. boosted its position 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 period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in The Kraft Heinz during the first quarter worth about $136,000. 61.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Kraft Heinz Company (KHC) traded down 0.73% during trading on Friday, reaching $84.49. 2,833,525 shares of the company traded hands. The stock has a market capitalization of $102.93 billion, a P/E 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 Company has a 12-month low of $79.69 and a 12-month high of $97.77.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 2.96%. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, August 16th. The Kraft Heinz’s payout ratio is presently 79.87%.

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A number of equities analysts have recently issued reports on KHC shares. Credit Suisse Group reissued an “outperform” rating on shares of The Kraft Heinz in a research report on Sunday, April 23rd. BidaskClub cut shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Consumer Edge raised shares of The Kraft Heinz to an “overweight” rating in a research report on Thursday, May 4th. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and set a $91.00 price objective (down previously from $99.00) on shares of The Kraft Heinz in a research report on Monday, July 10th. 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 company. The stock presently has an average rating of “Hold” and an average target price 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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