Kraft Heinz (NASDAQ:KHC) released its quarterly earnings data on Friday. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.06), Bloomberg Earnings reports. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.91 billion. During the same period in the previous year, the firm posted $0.08 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis.
Kraft Heinz (NASDAQ:KHC) opened at $70.80 on Friday. Kraft Heinz has a twelve month low of $67.65 and a twelve 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 $86,267.54, a PE ratio of 7.90, a PEG ratio of 1.90 and a beta of 0.43.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 3.53%. Kraft Heinz’s payout ratio is 27.90%.
Several large investors have recently bought and sold shares of KHC. American International Group Inc. increased its holdings in shares of Kraft Heinz by 1,928.1% during the 4th quarter. American International Group Inc. now owns 6,110,926 shares of the company’s stock worth $475,186,000 after purchasing an additional 5,809,615 shares during the period. Magellan Asset Management Ltd increased its holdings in shares of Kraft Heinz by 30.4% during the 4th quarter. Magellan Asset Management Ltd now owns 21,429,032 shares of the company’s stock worth $1,666,322,000 after purchasing an additional 4,998,778 shares during the period. FMR LLC increased its holdings in shares of Kraft Heinz by 30.0% during the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after purchasing an additional 2,659,846 shares during the period. BlackRock Inc. increased its holdings in shares of Kraft Heinz by 4.6% during the 4th quarter. BlackRock Inc. now owns 35,073,958 shares of the company’s stock worth $2,727,351,000 after purchasing an additional 1,551,823 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Kraft Heinz during the 2nd quarter worth about $102,151,000. Institutional investors own 61.93% 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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