The Kraft Heinz Company (KHC) Position Boosted by QS Investors LLC

QS Investors LLC lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 20.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 75,635 shares of the company’s stock after buying an additional 13,092 shares during the period. QS Investors LLC’s holdings in The Kraft Heinz were worth $6,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in The Kraft Heinz by 287.9% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares during the period. V Wealth Management LLC purchased a new position in The Kraft Heinz during the second quarter worth approximately $125,000. Blue Chip Partners Inc. raised its stake in The Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in The Kraft Heinz by 7.0% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock worth $139,000 after purchasing an additional 100 shares during the period. Finally, Reilly Financial Advisors LLC raised its stake in The Kraft Heinz by 9.0% during the second quarter. Reilly Financial Advisors LLC now owns 1,631 shares of the company’s stock worth $140,000 after purchasing an additional 134 shares during the period. 61.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Kraft Heinz Company (KHC) opened at $78.00 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.55 and a current ratio of 0.77. The stock has a market capitalization of $95.06 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.98 and a beta of 0.43.

The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. research analysts anticipate that The Kraft Heinz Company will post 3.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 yield of 3.21%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s payout ratio is 77.88%.

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KHC has been the topic of a number of recent analyst reports. UBS Group AG (USA) reaffirmed a “buy” rating and set a $89.00 price target (down previously from $97.00) on shares of The Kraft Heinz in a research note on Friday, October 13th. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the stock a “buy” rating in a research note on Sunday, September 10th. BidaskClub raised shares of The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Piper Jaffray Companies raised shares of The Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $92.00 to $90.00 in a research note on Friday, October 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $95.00 price target on shares of The Kraft Heinz in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The Kraft Heinz presently has a consensus rating of “Buy” and an average price target of $92.49.

About The Kraft Heinz

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

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