Traders Buy Shares of Kraft Heinz (KHC) on Weakness

Investors bought shares of Kraft Heinz Co (NASDAQ:KHC) on weakness during trading hours on Thursday. $81.08 million flowed into the stock on the tick-up and $29.02 million flowed out of the stock on the tick-down, for a money net flow of $52.06 million into the stock. Of all companies tracked, Kraft Heinz had the 13th highest net in-flow for the day. Kraft Heinz traded down ($0.30) for the day and closed at $78.98

A number of equities research analysts have recently issued reports on KHC shares. BMO Capital Markets cut their target price on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. BidaskClub upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Citigroup cut their target price on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Piper Jaffray Companies upgraded shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their target price for the company from $92.00 to $90.00 in a research note on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Kraft Heinz currently has an average rating of “Buy” and an average price target of $92.49.

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 $96,198.05, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.19 and a beta of 0.45.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, November 16th. Kraft Heinz’s dividend payout ratio (DPR) is 77.88%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Westside Investment Management Inc. grew its position in Kraft Heinz by 16.6% in the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after purchasing an additional 172 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Kraft Heinz in the 2nd quarter worth about $121,000. Blue Chip Partners Inc. grew its position in Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares during the last quarter. Finally, GWM Advisors LLC bought a new position in shares of Kraft Heinz in the second quarter valued at approximately $137,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

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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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