AMP Capital Investors Ltd Raises Holdings in Kraft Heinz Co (KHC)

AMP Capital Investors Ltd boosted its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 178.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 408,109 shares of the company’s stock after acquiring an additional 261,436 shares during the quarter. AMP Capital Investors Ltd’s holdings in Kraft Heinz were worth $31,649,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Symphony Asset Management LLC raised its stake in shares of Kraft Heinz by 15.6% during the 2nd quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock valued at $2,772,000 after buying an additional 4,377 shares during the last quarter. Pennsylvania Trust Co raised its stake in shares of Kraft Heinz by 8.9% during the 2nd quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock valued at $5,663,000 after buying an additional 5,422 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Kraft Heinz by 40.9% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock valued at $519,000 after buying an additional 1,760 shares during the last quarter. Creative Planning raised its stake in shares of Kraft Heinz by 1.9% during the 2nd quarter. Creative Planning now owns 80,094 shares of the company’s stock valued at $6,859,000 after buying an additional 1,485 shares during the last quarter. Finally, U S Global Investors Inc. purchased a new position in shares of Kraft Heinz during the 2nd quarter valued at about $388,000. 62.06% of the stock is owned by institutional investors.

Kraft Heinz Co (NASDAQ:KHC) opened at $79.54 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. Kraft Heinz Co has a 52 week low of $75.21 and a 52 week high of $97.77. The firm has a market capitalization of $96,234.61, a PE ratio of 22.18, a P/E/G ratio of 2.19 and a beta of 0.45.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were paid a dividend of $0.625 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.14%. Kraft Heinz’s dividend payout ratio (DPR) is currently 77.88%.

A number of equities analysts have weighed in on KHC shares. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. BidaskClub lowered Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Royal Bank of Canada reiterated a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a research note on Friday, September 1st. BMO Capital Markets restated a “hold” rating and issued a $96.00 price target on shares of Kraft Heinz in a research note on Wednesday, September 6th. Finally, Credit Suisse Group set a $100.00 price target on Kraft Heinz and gave the company a “buy” rating in a research note on Sunday, September 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $92.49.

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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.

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

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