The Kraft Heinz Company (KHC) Holdings Lifted by Cue Financial Group Inc.

Cue Financial Group Inc. raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 15.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,505 shares of the company’s stock after purchasing an additional 1,115 shares during the period. Cue Financial Group Inc.’s holdings in The Kraft Heinz were worth $666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. raised its position in The Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after purchasing an additional 172 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in 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 purchasing an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in The Kraft Heinz during the 2nd quarter valued at approximately $121,000. Blue Chip Partners Inc. raised its position in 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 purchasing an additional 8 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in 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 purchasing an additional 100 shares during the last quarter. 61.79% of the stock is owned by institutional investors and hedge funds.

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Shares of The Kraft Heinz Company (NASDAQ KHC) opened at $79.93 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The firm has a market capitalization of $97,010.00 and a P/E ratio of 22.37. The Kraft Heinz Company has a 52 week low of $75.21 and a 52 week high of $97.77.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 dividend yield of 3.13%. The Kraft Heinz’s payout ratio is currently 77.88%.

KHC has been the subject of a number of recent analyst reports. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of The Kraft Heinz in a research report on Tuesday, August 1st. BMO Capital Markets decreased their target price on The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. BidaskClub raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Citigroup Inc. decreased their target price on The Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The Kraft Heinz presently has a consensus rating of “Buy” and an average price target of $92.49.

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

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