Crawford Investment Counsel Inc. lessened its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 17.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,726 shares of the company’s stock after selling 2,022 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in The Kraft Heinz were worth $833,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of The Kraft Heinz by 287.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after acquiring an additional 950 shares during the last quarter. V Wealth Management LLC bought a new stake in shares of The Kraft Heinz during the 2nd quarter valued at about $125,000. Blue Chip Partners Inc. boosted its position in shares of The Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after acquiring an additional 8 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of The Kraft Heinz during the 1st quarter valued at about $136,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of The Kraft Heinz by 7.0% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after acquiring an additional 100 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $95.00 target price on shares of The Kraft Heinz in a research report on Thursday, September 21st. BidaskClub downgraded The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a research report on Sunday, September 10th. BMO Capital Markets restated a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research report on Wednesday, September 6th. Finally, Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $96.36.
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Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at 78.19 on Thursday. The company has a market cap of $95.26 billion, a P/E ratio of 25.06 and a beta of 0.44. The Kraft Heinz Company has a 12 month low of $76.76 and a 12 month high of $97.77. The firm has a 50-day moving average price of $79.23 and a 200 day moving average price of $79.23.
The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. Equities analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were paid a dividend of $0.625 per share. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio (DPR) is currently 79.87%.
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.
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