The Kraft Heinz Company (KHC) Position Held by Whitnell & Co.
Whitnell & Co. maintained its stake in The Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,855 shares of the company’s stock at the close of the second quarter. Whitnell & Co.’s holdings in The Kraft Heinz were worth $1,101,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Rockefeller Financial Services Inc. increased its stake in shares of The Kraft Heinz by 240.2% during the 1st quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock worth $103,000 after purchasing an additional 800 shares in the last quarter. V Wealth Management LLC purchased a new position in shares of The Kraft Heinz during the 2nd quarter worth approximately $125,000. Blue Chip Partners Inc. increased its stake in shares of The Kraft Heinz by 0.5% during the 1st quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after purchasing an additional 8 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of The Kraft Heinz during the 1st quarter worth approximately $136,000. Finally, Enterprise Financial Services Corp increased its stake in shares of The Kraft Heinz by 11.8% during the 1st quarter. Enterprise Financial Services Corp now owns 1,521 shares of the company’s stock worth $138,000 after purchasing an additional 160 shares in the last quarter. 61.80% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on KHC shares. BidaskClub cut shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $91.00 price objective (down from $99.00) on shares of The Kraft Heinz in a research note on Monday, July 10th. Royal Bank Of Canada reissued a “buy” rating and set a $95.00 price objective on shares of The Kraft Heinz in a research note on Friday, September 1st. Finally, Credit Suisse Group set a $100.00 price objective on shares of The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, July 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $97.18.
Shares of The Kraft Heinz Company (KHC) opened at 81.43 on Monday. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year high of $97.77. The stock has a market capitalization of $99.20 billion, a PE ratio of 26.10 and a beta of 0.45. The firm has a 50-day moving average of $81.87 and a 200 day moving average of $86.12.
The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The business had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. On average, equities analysts anticipate that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were issued a dividend of $0.625 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.07%. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s payout ratio is currently 79.87%.
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About The 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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