The Kraft Heinz Company (KHC) Shares Bought by Willingdon Wealth Management
Willingdon Wealth Management boosted its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,705 shares of the company’s stock after purchasing an additional 588 shares during the period. Willingdon Wealth Management’s holdings in The Kraft Heinz were worth $1,259,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in The Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares during the last quarter. V Wealth Management LLC purchased a new position in The Kraft Heinz in the second quarter worth $125,000. Blue Chip Partners Inc. boosted its position in The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after purchasing an additional 8 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in The Kraft Heinz in the first quarter worth $136,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in The Kraft Heinz by 7.0% in 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 purchasing an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of The Kraft Heinz Company (KHC) opened at 78.18 on Friday. The firm has a 50 day moving average price of $79.43 and a 200 day moving average price of $79.43. The company has a market capitalization of $95.24 billion, a price-to-earnings ratio of 25.06 and a beta of 0.44. The Kraft Heinz Company has a 52 week low of $76.76 and a 52 week high of $97.77.
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, topping the Zacks’ consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. Equities analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 annualized dividend and a yield of 3.20%. The Kraft Heinz’s payout ratio is 79.87%.
Several research analysts have weighed in on the company. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $85.00 price objective (down previously from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. TheStreet raised The Kraft Heinz from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. J P Morgan Chase & Co reissued an “overweight” rating and issued a $99.00 price objective (down previously from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th. Finally, Berenberg Bank set a $102.00 price objective on The Kraft Heinz and gave the stock a “buy” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $96.36.
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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