Kraft Heinz Co (KHC) Position Raised by Northstar Group Inc.

Northstar Group Inc. lifted its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 37.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,321 shares of the company’s stock after buying an additional 3,065 shares during the period. Northstar Group Inc.’s holdings in Kraft Heinz were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Clifford Swan Investment Counsel LLC lifted its holdings in Kraft Heinz by 0.7% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 33,710 shares of the company’s stock valued at $1,451,000 after acquiring an additional 225 shares during the period. North Star Investment Management Corp. lifted its position in shares of Kraft Heinz by 0.4% during the 4th quarter. North Star Investment Management Corp. now owns 60,799 shares of the company’s stock valued at $2,617,000 after buying an additional 237 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Kraft Heinz by 4.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,511 shares of the company’s stock valued at $237,000 after buying an additional 239 shares in the last quarter. OLD Second National Bank of Aurora lifted its position in shares of Kraft Heinz by 7.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 3,577 shares of the company’s stock valued at $154,000 after buying an additional 250 shares in the last quarter. Finally, Delta Asset Management LLC TN lifted its position in shares of Kraft Heinz by 3.5% during the 4th quarter. Delta Asset Management LLC TN now owns 7,466 shares of the company’s stock valued at $320,000 after buying an additional 250 shares in the last quarter. 62.45% of the stock is currently owned by institutional investors.

NASDAQ KHC traded down $0.05 during trading hours on Tuesday, reaching $33.09. The company’s stock had a trading volume of 98,487 shares, compared to its average volume of 8,414,134. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Kraft Heinz Co has a 1 year low of $31.53 and a 1 year high of $64.99. The stock has a market cap of $40.41 billion, a PE ratio of 9.39, a P/E/G ratio of 2.60 and a beta of 0.58.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.10). Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The business had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the prior year, the firm posted $0.90 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts forecast that Kraft Heinz Co will post 2.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s payout ratio is 45.33%.

A number of research firms have recently weighed in on KHC. BidaskClub raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Friday, April 5th. BMO Capital Markets lowered their price objective on Kraft Heinz from $61.00 to $40.00 and set a “market perform” rating on the stock in a research report on Monday, February 25th. Piper Jaffray Companies cut Kraft Heinz from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $62.00 to $42.00 in a research report on Friday, February 22nd. Morgan Stanley raised Kraft Heinz from an “underweight” rating to an “equal weight” rating and set a $35.00 price target on the stock in a report on Monday, March 4th. Finally, Barclays cut Kraft Heinz from an “overweight” rating to an “equal weight” rating in a report on Friday, February 22nd. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $42.64.

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Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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

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