Boston Family Office LLC Buys 555 Shares of The Kraft Heinz Company (KHC)
Boston Family Office LLC grew its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,039 shares of the company’s stock after purchasing an additional 555 shares during the period. Boston Family Office LLC’s holdings in The Kraft Heinz were worth $1,202,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Waldron LP lifted its holdings in shares of The Kraft Heinz by 5.8% in the first quarter. Waldron LP now owns 4,518 shares of the company’s stock valued at $410,000 after purchasing an additional 247 shares in the last quarter. Eqis Capital Management Inc. boosted its position in shares of The Kraft Heinz by 23.7% during the first quarter. Eqis Capital Management Inc. now owns 15,167 shares of the company’s stock valued at $1,377,000 after buying an additional 2,904 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in The Kraft Heinz by 4.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,930,480 shares of the company’s stock worth $175,307,000 after buying an additional 76,849 shares in the last quarter. Pillar Pacific Capital Management LLC grew its holdings in The Kraft Heinz by 7.6% during 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. Finally, Alpha Cubed Investments LLC grew its holdings in The Kraft Heinz by 376.2% during the first quarter. Alpha Cubed Investments LLC now owns 16,214 shares of the company’s stock worth $1,472,000 after buying an additional 12,809 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.
The Kraft Heinz Company (NASDAQ:KHC) opened at 77.85 on Tuesday. The firm has a 50-day moving average of $79.79 and a 200-day moving average of $79.79. The stock has a market capitalization of $94.84 billion, a PE ratio of 24.95 and a beta of 0.44. The Kraft Heinz Company has a 1-year low of $76.89 and a 1-year high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. Equities analysts expect that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.
The business 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. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.21%. 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 presently 79.87%.
A number of equities research analysts recently commented on KHC shares. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of The Kraft Heinz in a report on Tuesday, August 1st. Berenberg Bank assumed coverage on shares of The Kraft Heinz in a research note on Wednesday, June 7th. They issued a “buy” rating and a $102.00 target price for the company. BMO Capital Markets reiterated a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research note on Thursday, June 15th. Finally, BidaskClub downgraded shares of The Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The Kraft Heinz has an average rating of “Hold” and a consensus target price of $97.28.
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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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