Lindsell Train Ltd Maintains Stake in The Kraft Heinz Company (KHC)
Lindsell Train Ltd maintained its position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 920,000 shares of the company’s stock at the close of the 2nd quarter. The Kraft Heinz comprises approximately 3.1% of Lindsell Train Ltd’s portfolio, making the stock its 9th largest position. Lindsell Train Ltd owned 0.08% of The Kraft Heinz worth $78,789,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Tiedemann Wealth Management LLC raised its stake in The Kraft Heinz by 6.4% in the first quarter. Tiedemann Wealth Management LLC now owns 47,256 shares of the company’s stock worth $4,291,000 after buying an additional 2,861 shares in the last quarter. Pillar Pacific Capital Management LLC raised its stake in The Kraft Heinz by 7.6% in the first quarter. Pillar Pacific Capital Management LLC now owns 3,693 shares of the company’s stock worth $335,000 after buying an additional 262 shares in the last quarter. New England Asset Management Inc. raised its stake in The Kraft Heinz by 7.6% in the first quarter. New England Asset Management Inc. now owns 64,483 shares of the company’s stock worth $5,856,000 after buying an additional 4,560 shares in the last quarter. Fiduciary Trust Co. raised its stake in The Kraft Heinz by 37.4% in the first quarter. Fiduciary Trust Co. now owns 17,804 shares of the company’s stock worth $1,617,000 after buying an additional 4,850 shares in the last quarter. Finally, Kwmg LLC bought a new position in The Kraft Heinz in the first quarter worth approximately $261,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
KHC has been the subject of a number of recent research reports. 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 Sunday, September 10th. BidaskClub raised shares of The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 price objective on shares of The Kraft Heinz in a research note on Friday, September 1st. Susquehanna Bancshares Inc reissued a “hold” rating and issued a $84.00 price objective on shares of The Kraft Heinz in a research note on Thursday, September 14th. Finally, Zacks Investment Research downgraded shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $97.18.
The Kraft Heinz Company (NASDAQ:KHC) opened at 81.40 on Tuesday. The stock has a market capitalization of $99.17 billion, a price-to-earnings ratio of 26.09 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 firm has a 50-day moving average of $81.79 and a 200 day moving average of $83.18.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share 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 period last year, the business earned $0.85 EPS. The company’s revenue was down 1.7% on a year-over-year basis. On average, analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were issued a $0.625 dividend. 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 ex-dividend date was Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio (DPR) is presently 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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