First Trust Advisors LP Grows Holdings in The Kraft Heinz Company (KHC)
First Trust Advisors LP grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,397,010 shares of the company’s stock after buying an additional 17,985 shares during the quarter. First Trust Advisors LP owned 0.11% of The Kraft Heinz worth $108,338,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. grew its stake in The Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after buying an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in The Kraft Heinz by 287.9% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after buying an additional 950 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in The Kraft Heinz during the second quarter worth approximately $121,000. Blue Chip Partners Inc. grew its stake in The Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after buying an additional 8 shares during the period. Finally, GWM Advisors LLC purchased a new stake in The Kraft Heinz during the second quarter worth approximately $137,000. Institutional investors own 61.79% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “First Trust Advisors LP Grows Holdings in The Kraft Heinz Company (KHC)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/11/21/first-trust-advisors-lp-grows-holdings-in-the-kraft-heinz-company-khc.html.
Several research analysts have recently weighed in on KHC shares. Zacks Investment Research upgraded shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BMO Capital Markets restated a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research note on Wednesday, September 6th. Credit Suisse Group set a $100.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Sunday, September 10th. Susquehanna Bancshares Inc restated a “hold” rating and issued a $84.00 target price on shares of The Kraft Heinz in a research note on Thursday, September 14th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $95.00 target price on shares of The Kraft Heinz in a research note on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The Kraft Heinz presently has a consensus rating of “Buy” and a consensus target price of $92.49.
Shares of The Kraft Heinz Company (NASDAQ KHC) opened at $79.93 on Tuesday. The stock has a market cap of $97,010.00 and a price-to-earnings ratio of 22.37. The Kraft Heinz Company has a twelve month low of $75.21 and a twelve month high of $97.77. 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 Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. equities analysts predict that The Kraft Heinz Company will post 3.61 EPS for the current fiscal year.
The firm also recently announced 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 of this dividend is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.13%. The Kraft Heinz’s dividend payout ratio (DPR) is 77.88%.
The Kraft Heinz Company 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.
Receive News & Stock Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related stocks with our FREE daily email newsletter.