Investors Buy Kraft Heinz (KHC) on Weakness

Investors bought shares of Kraft Heinz Co (NASDAQ:KHC) on weakness during trading on Thursday. $62.86 million flowed into the stock on the tick-up and $36.85 million flowed out of the stock on the tick-down, for a money net flow of $26.01 million into the stock. Of all companies tracked, Kraft Heinz had the 14th highest net in-flow for the day. Kraft Heinz traded down ($0.76) for the day and closed at $77.13

Several research analysts have commented on the stock. BidaskClub lowered shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 30th. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Morgan Stanley dropped their price objective on shares of Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. BMO Capital Markets dropped their price objective on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. Finally, Susquehanna Bancshares dropped their price objective on shares of Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $92.49.

The company has a market capitalization of $93,960.00 and a P/E ratio of 24.03. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48.

Kraft Heinz (NASDAQ:KHC) last issued 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 analyst estimates of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. sell-side analysts predict that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 17th were paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Thursday, November 16th. Kraft Heinz’s dividend payout ratio is currently 77.88%.

Institutional investors and hedge funds have recently modified their holdings of the company. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz in the fourth quarter valued at about $343,000. American National Bank raised its holdings in shares of Kraft Heinz by 34.9% in the fourth quarter. American National Bank now owns 5,045 shares of the company’s stock valued at $392,000 after acquiring an additional 1,305 shares in the last quarter. Windward Capital Management Co. CA raised its holdings in shares of Kraft Heinz by 112.6% in the fourth quarter. Windward Capital Management Co. CA now owns 20,180 shares of the company’s stock valued at $1,569,000 after acquiring an additional 10,686 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Kraft Heinz by 78.0% in the fourth quarter. First Citizens Bank & Trust Co. now owns 6,863 shares of the company’s stock valued at $534,000 after acquiring an additional 3,008 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in shares of Kraft Heinz by 10.9% in the fourth quarter. Sit Investment Associates Inc. now owns 316,065 shares of the company’s stock valued at $24,577,000 after acquiring an additional 31,165 shares in the last quarter. 62.02% of the stock is owned by hedge funds and other institutional investors.

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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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