Valueinvest Asset Management S.A. Has $42.11 Million Position in The Kraft Heinz Company (KHC)
Valueinvest Asset Management S.A. lowered its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 463,695 shares of the company’s stock after selling 12,900 shares during the period. The Kraft Heinz comprises 2.6% of Valueinvest Asset Management S.A.’s holdings, making the stock its 12th largest position. Valueinvest Asset Management S.A.’s holdings in The Kraft Heinz were worth $42,108,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Rockefeller Financial Services Inc. increased its stake in The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in The Kraft Heinz during the first quarter valued at $109,000. Blue Chip Partners Inc. increased its stake in The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after buying an additional 8 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in The Kraft Heinz during the first quarter valued at $136,000. Finally, Enterprise Financial Services Corp increased its stake in The Kraft Heinz by 11.8% in the first quarter. Enterprise Financial Services Corp now owns 1,521 shares of the company’s stock valued at $138,000 after buying an additional 160 shares during the last quarter. 61.91% of the stock is owned by institutional investors.
The Kraft Heinz Company (NASDAQ:KHC) traded down 0.858% during mid-day trading on Monday, reaching $81.891. The company’s stock had a trading volume of 589,551 shares. The stock’s 50 day moving average is $85.74 and its 200 day moving average is $89.47. The company has a market cap of $99.76 billion, a price-to-earnings ratio of 26.247 and a beta of 0.44. The Kraft Heinz Company has a 12 month low of $79.69 and a 12 month high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The company had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The Kraft Heinz’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. Equities research analysts predict that The Kraft Heinz Company will post $3.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.03%. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio (DPR) is presently 79.87%.
KHC has been the subject of several research analyst reports. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Consumer Edge raised shares of The Kraft Heinz to an “overweight” rating in a report on Thursday, May 4th. Piper Jaffray Companies initiated coverage on shares of The Kraft Heinz in a report on Wednesday, May 24th. They issued a “neutral” rating and a $94.00 price objective for the company. Royal Bank Of Canada set a $96.00 price objective on shares of The Kraft Heinz and gave the stock a “buy” rating in a report on Saturday, June 3rd. Finally, Berenberg Bank initiated coverage on shares of The Kraft Heinz in a report on Wednesday, June 7th. They issued a “buy” rating and a $102.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $97.31.
The 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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