Quantbot Technologies LP Has $5.39 Million Position in Kraft Heinz Co (KHC)

Quantbot Technologies LP reduced its stake in Kraft Heinz Co (NASDAQ:KHC) by 53.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,473 shares of the company’s stock after selling 79,254 shares during the quarter. Quantbot Technologies LP’s holdings in Kraft Heinz were worth $5,387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Putnam FL Investment Management Co. purchased a new stake in shares of Kraft Heinz during the 3rd quarter valued at $1,231,000. Davidson & Garrard Inc. increased its position in shares of Kraft Heinz by 8.0% during the 3rd quarter. Davidson & Garrard Inc. now owns 11,080 shares of the company’s stock valued at $859,000 after purchasing an additional 820 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Kraft Heinz by 6.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 69,817 shares of the company’s stock valued at $5,414,000 after purchasing an additional 4,475 shares during the last quarter. Bank Hapoalim BM increased its position in shares of Kraft Heinz by 328.7% during the 3rd quarter. Bank Hapoalim BM now owns 12,260 shares of the company’s stock valued at $951,000 after purchasing an additional 9,400 shares during the last quarter. Finally, Kwmg LLC increased its position in shares of Kraft Heinz by 8.1% during the 3rd quarter. Kwmg LLC now owns 18,547 shares of the company’s stock valued at $1,438,000 after purchasing an additional 1,391 shares during the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Co (NASDAQ:KHC) opened at $81.21 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. The firm has a market capitalization of $98,951.79, a price-to-earnings ratio of 22.81, a PEG ratio of 2.25 and a beta of 0.45. Kraft Heinz Co has a 12 month low of $75.21 and a 12 month high of $97.77.

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 during the quarter, compared to the consensus estimate of $6.33 billion. 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 company earned $0.83 EPS. research analysts forecast that Kraft Heinz Co will post 3.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.08%. Kraft Heinz’s payout ratio is 77.88%.

Several equities research analysts have recently issued reports on KHC shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a research report on Friday, September 1st. Credit Suisse Group set a $100.00 target price on Kraft Heinz and gave the company a “buy” rating in a research report on Sunday, September 10th. Berenberg Bank set a $102.00 target price on Kraft Heinz and gave the company a “buy” rating in a research report on Monday, August 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a research report on Thursday, September 21st. Finally, UBS reaffirmed a “buy” rating and set a $89.00 target price (down from $97.00) on shares of Kraft Heinz in a research report on Friday, October 13th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Kraft Heinz presently has a consensus rating of “Buy” and an average price target of $92.49.

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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 Kraft Heinz (NASDAQ:KHC)

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