Texas Yale Capital Corp. trimmed its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,785 shares of the company’s stock after selling 1,016 shares during the period. Texas Yale Capital Corp.’s holdings in Kraft Heinz were worth $1,379,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its position in shares of Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after acquiring an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of 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 acquiring an additional 950 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Kraft Heinz during the second quarter worth $121,000. Blue Chip Partners Inc. increased its position in shares of 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 acquiring an additional 8 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of 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 acquiring an additional 100 shares during the period. Institutional investors own 62.06% of the company’s stock.
A number of analysts have recently weighed in on the company. BidaskClub raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley cut their price objective on Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. BMO Capital Markets cut their price objective on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. Susquehanna Bancshares cut their price objective on Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $90.00 target price (down previously from $100.00) on shares of Kraft Heinz in a 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’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.49.
Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. Kraft Heinz’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 earnings per share. equities analysts expect that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Thursday, November 16th. Kraft Heinz’s payout ratio is 77.88%.
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About 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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