Reaves W H & Co. Inc. Acquires 4,100 Shares of Kraft Heinz Co (KHC)

Reaves W H & Co. Inc. lifted its holdings in Kraft Heinz Co (NASDAQ:KHC) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384,000 shares of the company’s stock after purchasing an additional 4,100 shares during the period. Reaves W H & Co. Inc.’s holdings in Kraft Heinz were worth $29,779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cipher Capital LP increased its position in shares of Kraft Heinz by 106.5% in the third quarter. Cipher Capital LP now owns 77,273 shares of the company’s stock worth $5,992,000 after acquiring an additional 39,859 shares in the last quarter. Banque Pictet & Cie SA increased its position in shares of Kraft Heinz by 104.0% in the third quarter. Banque Pictet & Cie SA now owns 52,851 shares of the company’s stock worth $4,099,000 after acquiring an additional 26,940 shares in the last quarter. Bank Pictet & Cie Asia Ltd. increased its position in shares of Kraft Heinz by 25.0% in the third quarter. Bank Pictet & Cie Asia Ltd. now owns 5,000 shares of the company’s stock worth $388,000 after acquiring an additional 1,000 shares in the last quarter. Sowell Financial Services LLC increased its position in shares of Kraft Heinz by 15.5% in the third quarter. Sowell Financial Services LLC now owns 37,643 shares of the company’s stock worth $2,925,000 after acquiring an additional 5,045 shares in the last quarter. Finally, Putnam FL Investment Management Co. purchased a new position in shares of Kraft Heinz in the third quarter worth approximately $1,231,000. 62.06% of the stock is currently owned by institutional investors.

Shares of Kraft Heinz Co (NASDAQ KHC) opened at $81.92 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 stock has a market cap of $99,800.00 and a P/E ratio of 22.81. Kraft Heinz Co has a one year low of $75.21 and a one year high of $97.77.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.83. The firm had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share. equities research analysts predict that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.

The firm also recently announced 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. This represents a $2.50 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Thursday, November 16th. Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.

Several research analysts have recently weighed in on the stock. Berenberg Bank set a $102.00 target price on shares of Kraft Heinz and gave the stock a “buy” rating in a research report on Monday, August 7th. Susquehanna Bancshares restated a “neutral” rating and set a $85.00 price target (down from $94.00) on shares of Kraft Heinz in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies set a $92.00 price target on shares of Kraft Heinz and gave the stock a “hold” rating in a report on Wednesday, August 16th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $92.49.

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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.

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

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