The Kraft Heinz Company (KHC) Position Raised by Douglass Winthrop Advisors LLC
Douglass Winthrop Advisors LLC boosted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 24.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,207 shares of the company’s stock after purchasing an additional 1,235 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in The Kraft Heinz were worth $532,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in KHC. V Wealth Management LLC purchased a new stake in The Kraft Heinz during the second quarter worth approximately $125,000. Blue Chip Partners Inc. grew its stake in The Kraft Heinz by 0.5% during the first 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 period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in The Kraft Heinz during the first quarter worth approximately $136,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in The Kraft Heinz by 7.0% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock worth $139,000 after buying an additional 100 shares during the period. Finally, Reilly Financial Advisors LLC grew its stake in The Kraft Heinz by 9.0% during the second quarter. Reilly Financial Advisors LLC now owns 1,631 shares of the company’s stock worth $140,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.
Several research firms have issued reports on KHC. 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 research note on Saturday, June 3rd. Berenberg Bank set a $102.00 price objective on shares of The Kraft Heinz and gave the stock a “buy” rating in a research note on Monday, August 7th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $85.00 price objective (down from $94.00) on shares of The Kraft Heinz in a research note on Wednesday, August 9th. Zacks Investment Research downgraded shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, TheStreet upgraded shares of The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $97.28.
The Kraft Heinz Company (NASDAQ KHC) opened at 77.55 on Friday. The Kraft Heinz Company has a 52-week low of $77.40 and a 52-week high of $97.77. The stock’s 50 day moving average is $81.65 and its 200-day moving average is $81.65. The firm has a market capitalization of $94.48 billion, a PE ratio of 24.86 and a beta of 0.45.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter last year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts expect that The Kraft Heinz Company will post $3.24 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.22%. The ex-dividend date was Wednesday, August 16th. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio (DPR) is 79.87%.
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The Kraft Heinz 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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