The Kraft Heinz Company (KHC) Holdings Trimmed by NEXT Financial Group Inc
NEXT Financial Group Inc decreased its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,712 shares of the company’s stock after selling 606 shares during the quarter. NEXT Financial Group Inc’s holdings in The Kraft Heinz were worth $1,260,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Blue Chip Partners Inc. raised its position in The Kraft Heinz by 0.5% in the 1st quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after buying an additional 8 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in The Kraft Heinz by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after buying an additional 16 shares during the last quarter. Cobblestone Capital Advisors LLC NY raised its position in The Kraft Heinz by 0.6% in the 1st quarter. Cobblestone Capital Advisors LLC NY now owns 3,369 shares of the company’s stock worth $306,000 after buying an additional 21 shares during the last quarter. National Asset Management Inc. raised its position in The Kraft Heinz by 0.5% in the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock worth $408,000 after buying an additional 21 shares during the last quarter. Finally, First Foundation Advisors raised its position in The Kraft Heinz by 0.5% in the 1st quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock worth $465,000 after buying an additional 23 shares during the last quarter. 61.91% of the stock is owned by institutional investors and hedge funds.
The Kraft Heinz Company (NASDAQ:KHC) traded up 0.73% during midday trading on Monday, hitting $82.32. 737,843 shares of the stock traded hands. The company has a 50-day moving average of $84.91 and a 200-day moving average of $88.89. The stock has a market cap of $100.29 billion, a PE ratio of 26.38 and a beta of 0.45. 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 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, equities research analysts anticipate that The Kraft Heinz Company will post $3.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.06%. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s payout ratio is 79.87%.
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A number of equities analysts have weighed in on the company. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a research report on Sunday. BMO Capital Markets reissued a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research report on Wednesday, September 6th. Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 target price on shares of The Kraft Heinz in a research report on Friday, September 1st. BidaskClub lowered The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $97.26.
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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