Kraft Heinz Co (KHC) Shares Bought by Benson Investment Management Company Inc.

Benson Investment Management Company Inc. increased its holdings in Kraft Heinz Co (NASDAQ:KHC) by 97,500.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 32,208 shares of the company’s stock after buying an additional 32,175 shares during the quarter. Kraft Heinz comprises approximately 1.9% of Benson Investment Management Company Inc.’s portfolio, making the stock its 29th biggest position. Benson Investment Management Company Inc.’s holdings in Kraft Heinz were worth $2,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Chesley Taft & Associates LLC boosted its position in Kraft Heinz by 1.3% in the second quarter. Chesley Taft & Associates LLC now owns 143,121 shares of the company’s stock worth $12,257,000 after purchasing an additional 1,860 shares during the last quarter. Franklin Street Advisors Inc. NC boosted its position in Kraft Heinz by 5.5% in the second quarter. Franklin Street Advisors Inc. NC now owns 74,910 shares of the company’s stock worth $6,415,000 after purchasing an additional 3,890 shares during the last quarter. Gemmer Asset Management LLC boosted its position in Kraft Heinz by 117.2% in the second quarter. Gemmer Asset Management LLC now owns 7,418 shares of the company’s stock worth $635,000 after purchasing an additional 4,002 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Kraft Heinz by 514.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 99,682 shares of the company’s stock worth $8,537,000 after purchasing an additional 83,450 shares during the last quarter. Finally, Abner Herrman & Brock LLC boosted its position in Kraft Heinz by 4.5% in the second quarter. Abner Herrman & Brock LLC now owns 101,031 shares of the company’s stock worth $8,652,000 after purchasing an additional 4,389 shares during the last quarter. Institutional investors own 62.02% of the company’s stock.

Kraft Heinz Co (KHC) traded up $0.22 during mid-day trading on Friday, hitting $77.35. The stock had a trading volume of 3,336,553 shares, compared to its average volume of 3,627,512. Kraft Heinz Co has a 12-month low of $75.21 and a 12-month high of $97.77. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. The stock has a market cap of $93,820.00 and a PE ratio of 24.10.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were issued a $0.625 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.23%. Kraft Heinz’s dividend payout ratio is presently 77.88%.

Several research analysts have issued reports on KHC shares. Susquehanna Bancshares reissued a “hold” rating and issued a $84.00 target price on shares of Kraft Heinz in a research report on Thursday, September 14th. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 target price on shares of Kraft Heinz in a research report on Thursday, September 21st. Royal Bank of Canada reaffirmed a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a research report on Tuesday, October 3rd. Goldman Sachs Group cut Kraft Heinz from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $95.00 to $87.00 in a research report on Wednesday, October 4th. Finally, Piper Jaffray Companies raised Kraft Heinz from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $92.00 to $90.00 in a research report on Friday, October 6th. One 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 presently has a consensus 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.

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

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