Toronto Dominion Bank Buys 46,989 Shares of The Kraft Heinz Company (KHC)
Toronto Dominion Bank boosted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 28.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 213,132 shares of the company’s stock after buying an additional 46,989 shares during the period. Toronto Dominion Bank’s holdings in The Kraft Heinz were worth $18,250,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Westside Investment Management Inc. lifted its stake in shares of The Kraft Heinz by 16.6% in the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after purchasing an additional 172 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of The Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after purchasing an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in shares of The Kraft Heinz in the 2nd quarter valued at $121,000. V Wealth Management LLC acquired a new position in shares of The Kraft Heinz in the 2nd quarter valued at $125,000. Finally, Blue Chip Partners Inc. lifted its stake in shares of The Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after purchasing an additional 8 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors.
Shares of The Kraft Heinz Company (KHC) opened at $78.78 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. The Kraft Heinz Company has a 1-year low of $75.21 and a 1-year high of $97.77. The firm has a market capitalization of $96,721.98, a PE ratio of 22.30, a price-to-earnings-growth ratio of 2.20 and a beta of 0.43.
The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the prior year, the business earned $0.83 EPS. The Kraft Heinz’s revenue was up .7% on a year-over-year basis. equities analysts expect that The Kraft Heinz Company will post 3.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.17%. The Kraft Heinz’s dividend payout ratio (DPR) is 77.88%.
Several brokerages have recently commented on KHC. Credit Suisse Group set a $100.00 price target on The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, July 29th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of The Kraft Heinz in a research note on Tuesday, August 1st. Zacks Investment Research downgraded The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Piper Jaffray Companies set a $92.00 price objective on The Kraft Heinz and gave the company a “hold” rating in a report on Wednesday, August 16th. Finally, Berenberg Bank set a $102.00 price objective on The Kraft Heinz and gave the company a “buy” rating in a report on Monday, August 7th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $92.49.
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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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