Signet Financial Management LLC Has $627,000 Holdings in The Kraft Heinz Company (KHC)
Signet Financial Management LLC continued to hold its position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,324 shares of the company’s stock at the close of the 2nd quarter. Signet Financial Management LLC’s holdings in The Kraft Heinz were worth $627,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Symphony Asset Management LLC increased its holdings in The Kraft Heinz by 15.6% during the 2nd quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock worth $2,772,000 after purchasing an additional 4,377 shares during the period. Pennsylvania Trust Co increased its holdings in shares of The Kraft Heinz by 8.9% in the 2nd quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock valued at $5,663,000 after acquiring an additional 5,422 shares during the last quarter. Creative Planning increased its holdings in shares of The Kraft Heinz by 1.9% in the 2nd quarter. Creative Planning now owns 80,094 shares of the company’s stock valued at $6,859,000 after acquiring an additional 1,485 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in shares of The Kraft Heinz by 40.9% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock valued at $519,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Green Valley Investors LLC increased its holdings in shares of The Kraft Heinz by 153.4% in the 2nd quarter. Green Valley Investors LLC now owns 498,156 shares of the company’s stock valued at $42,662,000 after acquiring an additional 301,583 shares during the last quarter. Hedge funds and other institutional investors own 61.69% of the company’s stock.
A number of research firms have recently commented on KHC. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Citigroup Inc. dropped their price objective on The Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $85.00 price objective (down previously from $94.00) on shares of The Kraft Heinz in a report on Wednesday, August 9th. TheStreet upgraded The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Finally, Morgan Stanley dropped their price objective on The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The Kraft Heinz has a consensus rating of “Buy” and a consensus target price of $92.49.
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Shares of The Kraft Heinz Company (KHC) opened at $78.18 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $93,805.33, a P/E ratio of 21.63, a PEG ratio of 1.97 and a beta of 0.43. The Kraft Heinz Company has a 1-year low of $75.21 and a 1-year high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. The business had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS. sell-side analysts anticipate that The Kraft Heinz Company will post 3.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $0.625 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.20%. The Kraft Heinz’s dividend payout ratio is currently 77.88%.
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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