Kraft Heinz Co. (KHC) is Archon Partners LLC’s 9th Largest Position
Archon Partners LLC maintained its stake in Kraft Heinz Co. (NASDAQ:KHC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,500 shares of the company’s stock at the end of the second quarter. Kraft Heinz makes up 3.0% of Archon Partners LLC’s holdings, making the stock its 9th largest position. Archon Partners LLC’s holdings in Kraft Heinz were worth $10,927,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis increased its position in shares of Kraft Heinz by 214.4% in the first quarter. Natixis now owns 352,559 shares of the company’s stock worth $27,696,000 after buying an additional 240,411 shares during the last quarter. WestEnd Advisors LLC bought a new position in shares of Kraft Heinz during the second quarter worth approximately $97,332,000. BB&T Corp increased its position in shares of Kraft Heinz by 3.3% in the second quarter. BB&T Corp now owns 179,104 shares of the company’s stock worth $15,848,000 after buying an additional 5,659 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Kraft Heinz by 28.5% in the second quarter. SG Americas Securities LLC now owns 177,614 shares of the company’s stock worth $15,715,000 after buying an additional 39,342 shares during the last quarter. Finally, Redwood Investments LLC bought a new position in shares of Kraft Heinz during the second quarter worth approximately $14,719,000. 61.41% of the stock is currently owned by institutional investors and hedge funds.
Kraft Heinz Co. (NASDAQ:KHC) traded down 0.26% during trading on Friday, reaching $81.21. 4,151,058 shares of the company traded hands. The company’s 50-day moving average is $87.57 and its 200 day moving average is $86.66. The company has a market cap of $98.85 billion, a PE ratio of 35.74 and a beta of 0.48. Kraft Heinz Co. has a 12 month low of $68.18 and a 12 month high of $90.54.
Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, November 3rd. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. Kraft Heinz had a net margin of 10.44% and a return on equity of 6.40%. The business earned $6.27 billion during the quarter, compared to analysts’ expectations of $4.70 billion. During the same period last year, the business earned $0.44 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. On average, analysts anticipate that Kraft Heinz Co. will post $3.24 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 2.96%. Kraft Heinz’s dividend payout ratio is presently 105.26%.
A number of brokerages recently commented on KHC. Zacks Investment Research downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Tuesday. RBC Capital Markets reissued an “outperform” rating and issued a $99.00 target price (up from $96.00) on shares of Kraft Heinz in a research report on Monday, November 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $96.00 target price (down from $99.00) on shares of Kraft Heinz in a research report on Monday, November 7th. Credit Suisse Group AG reissued a “buy” rating on shares of Kraft Heinz in a research report on Friday, November 4th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Kraft Heinz in a research report on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $99.71.
In related news, major shareholder Global Food Holdings Lp 3G sold 2,808,371 shares of the firm’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $87.05, for a total value of $244,468,695.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 26.92% of the stock is currently owned by corporate insiders.
Kraft Heinz Company Profile
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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