The Kraft Heinz Company (KHC) Shares Bought by Employees Retirement System of Texas

Employees Retirement System of Texas lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 142.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,000 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Employees Retirement System of Texas’ holdings in The Kraft Heinz were worth $7,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of The Kraft Heinz by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after purchasing an additional 487,241 shares in the last quarter. BlackRock Inc. raised its holdings in shares of The Kraft Heinz by 1.7% in the 2nd quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock worth $2,835,974,000 after purchasing an additional 562,183 shares in the last quarter. State Street Corp raised its holdings in shares of The Kraft Heinz by 2.8% in the 1st quarter. State Street Corp now owns 24,579,995 shares of the company’s stock worth $2,232,113,000 after purchasing an additional 680,941 shares in the last quarter. FMR LLC raised its holdings in shares of The Kraft Heinz by 30.0% in the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after purchasing an additional 2,659,846 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of The Kraft Heinz by 55.6% in the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock worth $759,605,000 after purchasing an additional 2,988,664 shares in the last quarter. Institutional investors and hedge funds own 61.79% of the company’s stock.

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The Kraft Heinz Company (KHC) opened at $78.00 on Friday. The firm has a market cap of $95,023.58, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.98 and a beta of 0.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.55. The Kraft Heinz Company has a 12 month low of $75.21 and a 12 month high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. equities research analysts expect that The Kraft Heinz Company will post 3.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $0.625 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.21%. The Kraft Heinz’s dividend payout ratio is presently 77.88%.

A number of research firms recently commented on KHC. Credit Suisse Group set a $100.00 target price on shares of The Kraft Heinz and gave the stock a “buy” rating in a report on Saturday, July 29th. Susquehanna Bancshares Inc restated a “hold” rating on shares of The Kraft Heinz in a report on Tuesday, August 1st. Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Piper Jaffray Companies set a $92.00 price target on shares of The Kraft Heinz and gave the company a “hold” rating in a report on Wednesday, August 16th. Finally, Berenberg Bank set a $102.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $92.49.

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

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